Item - 2021.RA22.12

The Board of Directors of CreateTO:

1. Endorsed the business case for Block 1 of the Bloor-Kipling (Six Points) site, as presented in Confidential Attachment 1 to the report (April 27, 2021) from the Vice President, Development, CreateTO, and, subject to further approvals required by the Deputy City Manager, Corporate Services, the Chief Financial Officer and Treasurer and the Executive Director, Housing Secretariat, direct CreateTO management to:

a. Release to market Block 1, of the Bloor-Kipling (Six Points) site, in the second quarter of 2021, including entering into agreements conditional on approval by relevant City authorities;

b. Retain the services of a fairness monitor to oversee and ensure an open, fair and transparent market offering process;

c. Retain the services of a broker to engage the market and lead the market offering process with CreateTO staff.

2. Authorized the public release of the information in Confidential Attachments 1 and 2 to the report (April 27, 2021) from the Vice President, Development, CreateTO following completion of the transactions contemplated in this report and at the discretion of the Chief Executive Officer, CreateTO.

The Board of Directors of CreateTO recessed its public session to meet in closed session to consider the item as it pertains to a proposed or pending disposition of land by the City and a position, plan, procedure, criteria or instruction to be applied to negotiations carried on or to be carried on by or on behalf of the City and CreateTO.

This report recommends that the CreateTO Board of Directors endorse the business case and market offering for the Phase 1 Housing Now Bloor-Kipling (Six Points) Block 1 site.

The Bloor-Kipling (Six Points) site is 17.91 acres (7.25 hectares), and includes seven land parcels, six blocks are located east of Kipling Avenue, one block is located west of Kipling, all blocks are south of Bloor Street, north of the rail corridor and the Kipling Mobility Hub, a significant hub of transit infrastructure investments including the terminus of the Line 2 TTC Subway, Kipling GO Station, and Kipling bus terminal, with TTC and Mississauga MiWay bus service. Within the Bloor-Kipling site, Block 4 is the location of the proposed new Etobicoke Civic Centre (ECC), Block 2 is a future City Park and Blocks 1, 3, 5, 6 and 7, (11.82 acres) are future Housing Now development parcels.

CreateTO, in collaboration with City staff, have been working with the consultant team to prepare a Block Context Plan (BCP) for the site. The BCP establishes the design vision for new streets, parks and open spaces and built form to inform and advance development of the Blocks and the phasing or market offerings for affordable housing.  Block 1, a 2.47 acre site located east of the Kipling Avenue, south of the Dundas Street West and north of the rail corridor, is the first block to be considered for the market offering process.

The current development statistics for Block 1 are outlined in Table 1.  The built form for the remainder of the Bloor-Kipling (Six Points) site can be found in Attachment 1.

Table 1: Bloor-Kipling (Six Points), Block 1 Development Statistics

1. Community services and facilities will be located in Block 4, the proposed location for the ECC 

The intent is to bring Block 1 to market in June 2021. Following the market offering process, CreateTO staff will report to the CreateTO Board on the proponent selection, prior to finalizing the ground lease agreement, project agreement and contribution agreement, collectively the ("Agreements"). The CreateTO Board will review for approval, the terms and conditions for the proposed agreements with the successful proponent. The lease agreements will be executed prior to the completion of the Site Plan Control process by the developer proponent.