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TORONTO \u2014 Canada\u2019s largest co-op housing development in a generation has broken ground.<\/p>\n
Kennedy Green<\/a>, as it has been coined, is located on city-owned land adjacent to the Kennedy GO and TTC Station and will deliver a total of 612 new homes including affordable and market rent-controlled co-operative homes.<\/p>\n At 2444 Eglinton Ave. E., it will be built on a former commuter parking lot through a partnership between the city, CreateTO and the Co-operative Housing Federation of Toronto. Civic Developments and its partners are providing development management services, a release reads.<\/p>\n Kennedy Green will consist of two co-op buildings with a mix of studios, one-bedroom, two-bedroom and three-bedroom apartments. The project\u2019s application for rezoning was approved in 69 days.<\/p>\n The \u201call-Canadian design team\u201d behind the development includes Vancouver-based Henriquez Partners Architects and Montreal-based landscape architects CCxA.<\/p>\n With a geothermal energy system, the building will support the city\u2019s climate action objectives and achieve Toronto Green Standard Version 4, Tier 2.<\/p>\n The project is also being delivered under the One Planet Living Framework \u2013 a first for Toronto \u2013 to promote sustainable living. The site will also offer 474 square metres of community space as well as 332 square metres of retail space.<\/p>\n Funding for the project is being provided by the federal government, through the Co-operative Housing Development Program and by the city.<\/p>\n This site is one of almost 100 city-owned sites that are either housing-ready or may be unlocked for new housing.<\/p>\n<\/p><\/div>\n