Historic Co-Op Housing Development Heading To Toronto City Council

As Mark Richardson, Senior Technical Lead at Housing Now, put it, an approved amendment would mean “turning 199 surface parking spaces into over 900 units of new housing.”At a Planning and Housing Committee meeting today, councillors voted to adopt a zoning by-law amendment to allow for next steps in the highly anticipated Eglinton Avenue Eastdevelopment — the largest co-op housing initiative in Ontario in the last 25 years.

As a potential home for many commuters, one of the development's standout features is its proximity to Kennedy Station, a "multi-modal transit hub providing TTC subway and bus service, and GO train service," says the development's planning rationale. Plus, a new LRT stop has recently been constructed on Eglinton Avenue at Kennedy Road.

The vote in favour of adopting the zoning by-law amendment was unanimous among councillors, along with a motion from the Ward 21 councillor to have the developer partners for 2444 Eglinton work with CreateTO and the Toronto Parking Authority to “maximise public parking either on site or within the surrounding area to offset the loss of the existing commuter parking lot due to this development.

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