After a turbulent course of development, it appears that Toronto residents, the province of Ontario and Toronto have all aligned and are moving forward to develop the vintage buildings.
When this whole kerfuffle started, an undisclosed developer planned to tear down the 100-year-old Foundry buildings to build apartment buildings in Toronto’s lower east side, but when the demolition started, a bunch of protesters showed up that stalled that.
Now a new plan has been shared that will save two of the four buildings and will incorporate them into the design of the towers.
“I want to thank the local community, City staff and the Province for working together to come to a much better outcome for the future of the Dominion Foundry Complex,” said Mayor Joh Tory. “The Province has committed to conserving the cultural heritage value of the property and has taken into account feedback from the community and the City of Toronto.”
The heritage buildings will function as communal/lobby space on the ground floor of two of the towers, and in the early-stage renders, it looks really stunning. There will be three towers total coming in at 18, 34 and 43 stories, with the shortest tower being reserved for low-income housing. In total, there are going to be 1,045 residential units.
It’s also been noted that the city is willing to designate the area as a Heritage Site if it becomes privately owned in the future.