Waterworks Revitalization - Council approved!
After more than 2 years of work, I couldn't be more excited that City Council voted yesterday in favour of our 505 Richmond Street Revitalization. An innovative partnership between the City, the YMCA, Artscape, Build Toronto, MOD Developments and Woofcliffe Landmark Properties for a comprehensive revitalization of the historic Waterworks building at Richmond and Brant (505 Richmond St W.), I couldn't be prouder of the work we've done together.
The Revitalization includes: a brand new 54,000 sq. ft YMCA, built in partnership with the City of Toronto, 15 new affordable housing units administered by Artscape, residential market housing, an expanded Saint Andrew's Playground to reclaim the west parking lot, extensive heritage restoration and conservation, a dynamic food hall and new commercial uses that will animate and bring life back to the Waterworks Building. In addition, a 50-bed youth shelter (Eva's Phoenix) is already operating at the Brant Street end of the building.
This is a unique opportunity to deliver desperately-needed facilities to a rapidly growing area with a shortage of community and recreation spaces. A new not-for-profit YMCA facility will offer a range of services that is similar to other YMCAs in Toronto, including a swimming pool. I have committed $19 million of local funding to cover two-thirds of the cost of building the new YMCA, and as a condition of this contribution the YMCA will sign a Community Use Agreement that secures enhanced youth programming, local access, and membership subsidies.
Thank you to the Garment District Neighbourhood Association and countless community members who worked tirelessly with us over the past 2 years to move this project forward. As we continue towards final site plan details and construction, stay tuned to my website for continued updates.