FAQ
Read through a list of frequently asked questions about our proposal. If you have a question that is not answered below, please submit a question on our contact us page.
A rezoning application was approved in July 2024. Since then, we have been considering how to deliver the best possible building for the neighbourhood.
With the challenges of office vacancies and a lack of residential use in the downtown core, Toronto’s downtown has become stagnant. Additionally, the ongoing housing crisis has prompted us to think about how to better utilize the site. By proposing to replace offices with more residential space, our plan aims to address the challenging real estate trends in both the office and housing markets and provide better long-term uses for this site.
Introducing residential use will bring residential amenities and more diverse retail to the area, contributing to the revitalization of the downtown core. These changes will enable 24-hour activity to better support residential life, attract a wider range of demographics, foster community, and contribute to economic development.
We are proposing a 65-storey mixed use building, with street-level retail space and residential uses above.
The project is still in the early stages, and the tenure has not yet been determined. However, we are considering allocating a portion of the units as affordable.
The site is currently occupied by a 13-storey commercial office building.
145 Wellington St. W. could do much more to reflect the dynamism of the Entertainment District and Financial District neighbourhoods, as well as update the quality and features of our office space to meet the modern demands of tenants.
Our aim with the redevelopment of 145 Wellington St. W. is to weave together a mix of residential, retail, and amenity uses, in order to reflect and complement its vibrant surroundings, and to take the next step in the evolution of our property to reflect the incredible changes our City and this neighbourhood have seen since it was originally developed.
H&R REIT is the developer submitting this proposal. They are one of Canada's largest fully integrated real estate investment trusts. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 42 million square feet. H&R has one of the longest and strongest performance track records among Canadian REIT's.