Early today, Dundee Kilmer Developments L.P. president Jason Lester officially announced the topping off of the final building in the Canary District. The master-planned community will first serve as the Athletes’ Village for the Toronto 2015 Pan/Parapan American Games before being transformed into a new downtown urban village. The 437-unit building, to be known as Canary Park Condominiums, sits adjacent to Bayview Ave. and the new 18-acre Corktown Common park. It features two mid-rise towers of 11 and 15 storeys rising from a retail podium.
Now over 60 per cent complete, the Athletes’ Village—which Dundee Kilmer Developments L.P. has been contracted by the Government of Ontario to design, build and finance at a total value of $514 million—is currently on-time and on-budget. That progress recently earned high praise from Pan American Sports Organization technical commission head Mike Fennell on a recent visit to Toronto, who declared that preparations “… were more advanced than any I have experienced at any other Games.” More than 82 per cent of the first market building, Canary District Condominiums, has been sold.
“I’m proud to not only announce the topping off of the final building in this important new urban village, but to also share our success in meeting our budget targets and completion milestones,” Lester told media in attendance. “This innovative mixed-use community sets a new standard for design, livability and sustainability. We believe the Canary District will attract residents from young families to empty nesters, while inspiring leading businesses, for decades to come.”
The entire West Don Lands development, including the Canary District, is expected to return an increased and incremental property tax assessment value of $3.7 billion. Property taxes for the area are expected to deliver $30 million annually to the city of Toronto.
The neighbourhood will be comprised of 808 market units (including condominiums, townhomes, and lofts), along with 253 units of affordable housing (across a range of unit types from two-storey maisonettes, to one- and two-storey apartments). All buildings have been designed to achieve LEED Gold certification and boast green roofs. Occupancy will commence in April, 2016.
The village is designed by the Dundee Kilmer Integrated Design Team (IDT) in a joint venture with architectsAlliance and Kuwabara Payne McKenna Blumberg Architects in association with Daoust Lestage Inc., and MacLennan Jaunkalns Miller Architects. Canary Park Condominiums is designed by Kuwabara Payne McKenna Blumberg Architects and working in collaboration with Page + Steele/IBI Group Architects.