A proposed new mass timber housing development, slated for what is now a surface-level Green P parking lot in Toronto’s downtown west area, will address affordability issues and climate concerns, says the local city councillor.
This would mark one of the larger residential buildings made of wood or “mass timber” planned in the city. “In the old days we would look to sell city-owned land as a way to generate revenue. In this case we are building on our own land to address affordability and sustainability. This is the type of creative project we need to do more of,” Cressy added.
In the next few months an application to rezone the site will be brought forward. The site is already zoned residential, but city staff are seeking more height and density than is currently permitted on the property.
And people park where? This is getting crazy! Parking in Toronto is hard enough.