TORONTO, Aug. 19, 2015 /CNW/ - Toronto City Councillor Ana Bailão and Castlepoint Numa are pleased to announce that final approval has been given for a new neighbourhood project at Perth and Sterling, called Lower JCT. (Lower Junction). Located in the south end of the Junction Triangle, construction is to commence immediately and once completed, Lower JCT. will provide space for up to 2,500 jobs, be home for 1,000 new residents, and support a number of community improvements, including a new park and open spaces, a new daycare facility, and affordable housing.
Over the last seven years, Castlepoint Numa has been working with Councillor Bailão and a number of community leaders towards revitalizing a primarily vacant and underutilized industrial site into a vibrant mixed-use neighbourhood. The process has resulted in strong collaboration with the local community and successful approval of the vision for Lower JCT., including several important community features and amenities.
"I am proud to have worked hard with the community and Castlepoint Numa to revitalize the neighbourhood, creating a complete community that will benefit new and existing residents in the Junction Triangle," says City of Toronto Councillor Ana Bailão. "Lower JCT. will bring new residents, new businesses, new culture, new jobs, and new services to our community. The Museum for Contemporary Canadian Art (MOCCA) recently announced its new permanent home in the Automotive Building and, we confirmed a new daycare facility, affordable housing, and a new park for our community," says Bailão. "As we have worked through this process for the last several years, Castlepoint Numa has shown an unwavering commitment to civic leadership and quality city building and we are excited to welcome Lower JCT. to our community," says Bailão.
The redevelopment of Castlepoint Numa's eight-acre Lower JCT. site on Sterling Road and Perth Avenue will support several of the City's key objectives including the realignment of Perth Avenue, the preservation of a large parcel of land for employment uses, the restoration of a designated heritage building, and the remediation of a former brownfield site. Castlepoint Numa is leading the site redevelopment on the heels of its partner RioTinto Alcan completing its clean up of contamination related to its industrial past. A comprehensive and state of the art soil remediation program, which began a few years ago, is now complete.
"Lower JCT. will transform its industrial heritage into a creative mixed-use district that provides diverse employment opportunities, a range of housing types and tenures, including larger units to support families, all anchored by a new community park," says Elsa Fancello, Development Manager of Castlepoint Numa. "We look forward to celebrating with Councillor Bailão and the community at the BIG on Bloor Festival on August 22 and 23," says Fancello.
One of the next steps in creating the Lower JCT. is the rehabilitation and restoration of the Automotive Building, a heritage-designated industrial building and the new home of MOCCA and other tenants in the arts and digital media sector. Castlepoint Numa with its partner Greybrook has committed to invest tens of millions of dollars into restoring and preserving this unique building and is targeting completion by the end of 2016. Several other new buildings are in the works and an international team of four architects including Chris Peck of Los Angeles, Toronto's Peter Clewes of architectsAlliance, Prishram Jain of TACT Architecture and Gianni Ria of Page + Steele / IBI Group Architects have been selected and the detailed design process is currently underway for Lower JCT.'s first development phases.
Lower JCT. is easily accessible by subway, streetcar, bus, bike, or car. By transit, visitors can access the neighbourhood with a short walk from two TTC subway stations (Lansdowne or Dundas West), two streetcar lines, a GO station and the new Union Pearson Express stop. Cyclists will be able to access to Lower JCT. from the West Toronto Rail PATH.
ABOUT CASTLEPOINT NUMA
Now in its 25th year of leadership in the development industry, Castlepoint Numa has significant experience delivering globally recognized projects across the Greater Toronto Area and selected markets in the United States. Castlepoint Numa places city building, sustainability and design excellence central to all of its projects. Castlepoint Numa excels in heritage preservation, brownfield reclamation and site revitalization. Castlepoint Numa Website Twitter
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