One of the most anticipated urban redevelopments in Toronto got underway today with an official groundbreaking that will bring new life to a long established neighbourhood.
Rivertowne, to be built on the former site of the Don Mount Court housing development, brings together 187 urban townhomes and 232 redeveloped community housing homes, with landscaped boulevards, courtyards, pedestrian walkways and a major, two-acre neighbourhood park. It is located in south Riverdale on the city�s east side.
The redevelopment of Don Mont Court is a partnership between Toronto Community Housing, Intracorp Projects Ltd. and Marion Hill Development Corp. Funding assistance was provided by the Government of Ontario and the City of Toronto. An extensive consultation process has engaged residents, local agencies and business associations.
�The redevelopment of Don Mount Court � now Rivertowne � is great news, not only for lower-income residents here in Toronto, but for the community as a whole,� said Ontario Minister of Municipal Affairs and Housing John Gerretsen. �The province strongly supports the concept behind Rivertowne � we believe that an appropriate mix of social housing and market home ownership contributes to strong, healthy communities. The McGuinty government is very proud to support this project.�
The Government of Ontario and the Ontario Housing Corporation provided $9.3 million in funding to assist with the redevelopment and remediation of Don Mount Court.
"With its community-oriented, mixed-income model of housing, Rivertowne is a great example of city building," said Mayor David Miller. "I'm very pleased that Rivertowne is an innovative and inclusive collaboration of tenants, neighbours, community agencies, government and business."
The Rivertowne collaboration has successfully addressed issues such as joint venture partnering, community engagement, and the marketing and selling of mixed-income living. �Rivertowne marks our commitment to being a builder of neighbourhoods,� said Derek Ballantyne, CEO, Toronto Community Housing. �We are proud to be leading one of the largest public housing redevelopments in Canada with the engagement of residents and the private sector.�
�Rivertowne is about enhancing community and respecting shared values,� said Bruce Rudichuk, President and CEO, Intracorp. �The vision, plan and market strategy for this redevelopment reflects the best of what makes Toronto one of North America�s most livable cities. It has been a pleasure to collaborate with the neighbourhood, the city and the province on this historic effort.�
Today�s groundbreaking ceremonies included Hon. John Gerretsen, Ontario Minister of Municipal Affairs and Housing; Giorgio Mammoliti City Councillor (Ward 7), Chair of the Toronto Affordable Housing Committee; Paula Fletcher, City Councillor (Ward 30); as well as local residents and members of business associations.
"The revitalization of Don Mount Court is an economic vote of confidence for the community I represent and a boost for Toronto's affordable housing supply," said Fletcher. "It shows what goodwill and collaboration between the public and private sectors can accomplish."
About Toronto Community Housing
Toronto Community Housing is the largest social housing provider in Canada, housing 164,000 residents, about six per cent of Toronto's population.
Intracorp has been a leading Canadian builder of residential properties for more than 25 years. With offices in Toronto, Calgary and Vancouver, Intracorp has helped more than 25,000 Canadians move into a home of their own.
About Marion Hill
Over the last 15 years, Marion Hill Development Corporation and its affiliated companies have designed, built and developed over $350 million of residential, commercial and institutional projects.
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For more information:
Laurie Stephens, 416-981-4349; 416-402-8149
Toronto Community Housing
David Doze, 416-462-0199 ext. 25; 416-779-5560