In the past couple of weeks, the CBC has published two of articles that contain false and misleading information on two projects under development in Toronto. As the national broadcaster and media outlet, the CBC has a responsibility to report the news accurately and not resort to speculation and innuendo to replace factual reporting and support unsubstantiated claims. I have always worked in cooperation with media organizations, including the CBC, and did respond to their requests for information and clarification. Despite this, they continue to disregard those contributions. I am deeply disappointed in their approach and ongoing lack of journalistic integrity with regard to our projects in The Junction and Etobicoke areas, and feel it is vitally important to correct the misinformation and set the record straight and at a minimum provide accurate and balanced reporting.
Stanton Renaissance is a company with deep roots in the revitalization of land; with vast experience in the transformation of environmentally sensitive properties into viable, green and ultimately useable lands. We specialize in the transformation of dysfunctional areas – particularly communities with unrealized social, environmental and economic potential. This is a particular passion of mine.
The property at 6 Lloyd is a prime candidate for re-development as it has been an under-utilized site in the Upper Junction for almost 20 years. It now has incredible potential based upon our proposed plans to create a revitalized sustainable, urban village, composed of a mixed use community to include residential development, space for the arts, a vibrant farmer’s market, restaurants, schools, art and design incubation facilities, creative arts manufacturing, and ancillary retail and office opportunities.
This development is expected to provide for the creation of up to 800 jobs, where the current property provides zero employment. In addition, the current tax base in the tens of thousands of dollars will, upon completion, be transformed into a tax base in the millions of dollars annually.
We expect that this re-development will become the model of a green and clean, self-contained urban village environment, relying upon sustainable heating, cooling and energy technologies and techniques, utilizing public transit to reduce greenhouse gas emissions, while bringing back to the community the bio-diversity that it once enjoyed many years ago.
The community has been vocal in its approval of the project, recognizing the benefits it will bring to a blighted site that has sat unused for nearly 20 years.
We have always worked through the appropriate channels. The company has had a number of consultations with the public and with Community Council, as well as with the Planning and Growth Committee and directly with staff.
On February 28, 2015, the Etobicoke City Council approved the project for consideration at Toronto City Council. As part of the process for re-redevelopment, we have filed all the appropriate and required documentation with the City an Official Plan Amendment (“OPA”) for the site.
The vote by Council was mutually agreed to be deferred to May in order to provide time to examine ways to address concerns of city planners. We hope to properly addressing those concerns as they are our concerns too. Those matters relating to height and set back will be subsequently dealt with as part of the re-zoning process, as necessary.
I have always taken an active interest in the communities in which Stanton Renaissance invests and transforms.
I have NOT made a contribution to Councillor Mammoliti as was incorrectly suggested in the most recent CBC article.
The irresponsible reporting of the CBC in this issue has created a situation that pits City Planners against the community, City Council and urban development. Given the enthusiasm from the community for this project, the results of this CBC-inspired battle between the public and City Planners could have a long-term negative impact for this community. An honest and open debate on these issues is fair play; a one-sided and inaccurate report that supports an apparent personal opinion of the reporters is not conducive to such a debate or the public interest.
On The Go Mimico
The first article from the CBC in their series of misinformed journalism referred to the development in Etobicoke in terms of financial and other challenges with Metrolinx. This information is patently false.
On The Go Mimico does not have a direct relationship with Metrolinx or GO Transit, but residents of the condominium will have direct access to the GO site from the development as the properties are immediately adjacent. Metrolinx did withdraw from the project, but Stanton Renaissance moved forward with the development independently.
What is true is that On The Go Mimico is in solid financial condition. It is under construction and the condominium is already over 75% sold.
It will be the first high-rise condominium to use an integrated GeoExchange Cogeneration system to provide economical and environmentally responsible “hybrid” heating, cooling and hydro generation and the first to receive the “Holmes Approved Condo” designation.
Stanton Renaissance also refurbished the original train station from the location and is using it as the sales centre. When the project is complete the station will be donated back to the community for public use.
Throughout my career, I have strived to build projects that will contribute to the residents, communities and areas in which I develop. I enjoy the challenges that come with my job and face these with integrity and fairness. I expect the same from my colleagues, my stakeholders and the media. CBC has not upheld the standard of responsible journalism and continues to get it wrong.