Dear Neighbour,

After many years of discussions, meetings, research, planning and designing, I am pleased to announce that we have submitted a thoughtful application to the City of Toronto for our new boutique-style, five storey administrative office space at 21, 23, and 25 Price Street.

Our lengthy formal and informal discussions with the city and with the community over the past several years has resulted in us working with many experts in areas such as of preservation, landscaping, transportation, urban design, and planning. These efforts have been extremely helpful in guiding us to design a project of which we feel proud and that blends well with the overall characteristics of this important community.

In particular, we focused our energy on the heritage and environmental aspects of this project. As outlined in the Heritage Impact Assessment conducted by ERA Architects, “the proposed redevelopment will not compromise heritage characteristics”. In fact, the ERA study has drawn the conclusion that:

“The replacement of the buildings at 21, 23, and 25 Price Street with a five storey office administration building is consistent with the established evolution of Price Street and does not contradict objectives of the South Rosedale Conservation District Study. The proposal will not adversely affect architectural heritage characteristics or significant landscape characteristics of the conservation district. As such, the proposal therefore conforms to the South Rosedale Conservation District Study design and demolition guidelines.

The effect of granting the Re-zoning Application, Official Plan Amendment and Site Plan Application will not compromise the heritage value of Price Street, adjacent properties, or the historical character of South Rosedale.”

On the environmental front, our proposal goes well beyond what is required under the City of Toronto Green Development Standard for Mid- to High-Rise Development. It includes a green roof, several soft landscaping features, and a generous amount of bicycle parking. We have been careful throughout this proposal in minimizing the transportation impact on the local community. The proposal maximizes the use of various modal opportunities for our employees, as we always have, including promoting the use of the two neighbouring subway stations. Our proposal ultimately reduces the reliance on automobile traffic in an area otherwise well served by transit.

As we work through the formal process, we welcome an opportunity to hear from you on our application and answer questions you may have about the project as you review the application which is on file with the City of Toronto. While there will be formal opportunities for this shortly, please do not hesitate to contact me directly should you have any immediate questions.


Sincerely,



R. Blair Tamblyn

Timbercreek Asset Management
Battlestone Capital Corporation and 1402319 Ontario Inc.








Timbercreek Asset Management and our related organizations have had our administrative offices on Price Street for over a decade. Given this history, we felt it was important to involve our neighbours from the very beginning stages of this project in 2007 and to continue to review the feasibility of a variety of options. In particular, when designing our new boutique-style office space, we considered the context of the overall neighbourhood.


Our overall vision was to create a new workplace environment which meets our business needs and respects the character of our community. We feel that our application, while it does require some City approvals, achieves this balance.

Current street view                                                                         Rendering of future street view