(TORONTO) August 1, 2017 — Toronto Community Housing (TCHC) and Tridel hosted a ground-breaking ceremony today to mark the start of construction at the Leslie Nymark revitalization site near Leslie Street and Sheppard Avenue East in North York. TCHC President and CEO (Interim) Kevin Marshman and Tridel Executive Andrea DelZotto were joined by Toronto City Councillor Shelley Carroll (Ward 33), and a number of future Leslie Nymark residents to help celebrate this development milestone.
In partnership with Tridel, Canada’s leading condominium developer, Toronto Community Housing will replace a total of 121 rent-geared-to-income homes, and the developer will add 498 market condominium suites as part of the new 18-storey Scala condominium community. The newly revitalized 2.83-hectare site will also include a new playground, amenity rooms and enhanced access to the Don Valley park network.
“Toronto Community Housing’s world-renowned Revitalization program is making real progress in creating clean, safe, affordable homes for tenants in liveable, vibrant communities like the new Leslie Nymark,” said Marshman. “I’m pleased to see this ground-breaking event happen so quickly after the demolition that took place this spring, so I’m confident Leslie Nymark tenants will be relocated back to this community on time and will be thrilled with their new homes.”
“We are privileged to be a part of the Leslie Nymark community. Through partnerships with organizations such as Toronto Community Housing, we continue to evolve our building practices and reconsider how we can add value and contribute to the communities we are a part of,” said DelZotto. “Building a community is more than bringing floorplans to life; it’s about understanding the needs of the people that live there, building quality homes, and getting it right. We take this responsibility seriously. We are fortunate to be a part of this wonderful community and to have built relationships with the people within it.”
By building successful partnering relationships with the private sector and leveraging the value of land assets, more than 5,000 homes in aging Toronto Community Housing developments will be replaced or refurbished through the company’s $5-billion Revitalization program.
"After years of planning and engagement with tenants, construction is finally beginning at Leslie Nymark. Beyond new housing and neighbourhoods for this community, this revitalization will bring new opportunities and improve the lives of countless families,” Councillor Carroll said.
Toronto Community Housing’s Revitalization program, combined with its $2.6-billion Building Repairs Capital program, will create an estimated 220,000 employment years of jobs over the next 30 years. As a third-party economic impact study published in 2015 showed, investing in repairing and renewing Toronto Community Housing’s aging buildings will spur $5 billion in private investment, avoid a $3.8-billion spike in provincial health care costs and generate $4.5-billion in government revenue over the next 30 years—while providing nearly 60,000 households with clean, safe and affordable homes.
About Toronto Community Housing
Toronto Community Housing (www.torontohousing.ca
) is Canada's largest provider of social housing, with nearly 60,000 low and moderate income households. Toronto Community Housing is working with private development partners to replace or refurbish over 5,000 homes in some of the oldest public housing developments across Toronto through its Revitalization program.
Tridel® is Canada’s leading developer and builder of condominium residences with more than 80 years of homebuilding experience. To date, the Tridel Group of Companies is responsible for producing over 80,000 homes. Tridel is determined to develop condominium communities that meet the needs of today’s homeowners while safeguarding the well-being of future generations. The company is working to meet this goal by focusing on innovation including environmentally sustainable design, performance in construction and corporate stewardship. Tridel currently has 20 new condominium communities in the Greater Toronto Area marketplace.
TCHC Media Contact:
Director, Strategic Communications
T:(416) 981-4390 C:(647) 293-5789
Tridel Media Contact:
President, Brandon Communications
T: 416-850-0614 C: 416-414-9064