Budget: $50 million CAD
(Full River City budget: $383 million CAD – based on comparison on the sizes of the three first phases, budget for phase 4 may be around $50 million CAD)
Important: The project is approximately 50% sold. Construction starts in the fall of 2017.
Developer: Urban Capital Development Group
About: Private sector development project
Part of the redevelopment of West Don Lands which is part of the redevelopment of Toronto Waterfront
River city will, when completed, exists of 5 residential building. Phase 4, the last residential building, is the final phase of the project. Phase 4 (Harris Square) is anticipated to comprise 150 units in an 11 storey building at the head of Lawren Harris Square.
Focus on green build.
“Designed by Saucier + Perrotte Architects and ZAS Architects, two of Canada’s most respected and award-winning design firms, River City’s buildings will be like no other buildings in Toronto. The development will be an innovative, environmentally friendly collection of bold forms and inventive spaces. River City was named the 2010 Best Hi-rise Building by BILD, the Building Industry and Land Development Association.”