Plans Filed For Collecdev-Markee's Merton Street Proposal

A proposal has been submitted for a 40-storey development at 267-275 Merton Street in midtown Toronto. The project, led by Collecdev-Markee Developments in partnership with the City of Toronto, will feature 494 purpose-built rental units. Notably, 30% of these will be affordable housing, addressing the city's pressing need for diverse rental options.

The development will combine city-owned land with property owned by Collecdev-Markee. Under a 99-year lease agreement, the city retains ownership, while Collecdev-Markee will build and manage the units. The initiative aims to support Toronto's housing targets and provide solutions for low- and moderate-income residents.

Mayor Olivia Chow praised the project for fostering a creative public-private collaboration. "This partnership is a much-needed step toward delivering affordable homes for Torontonians," Chow said. Construction is expected to begin in late 2025, with the first residents moving in by mid-2028.

Designed by architecture firm gh3, the building will include studio to three-bedroom units, along with significant indoor and outdoor amenities. Features include a 360-degree terrace overlooking the Beltline Trail and a pedestrian-friendly landscape. The environmentally conscious design incorporates striking green elements.

Residents will have access to ample bicycle storage and visitor parking but no on-site residential parking, reflecting the building's proximity to transit hubs like Davisville Station and future LRT stations. This aligns with Toronto’s efforts to encourage sustainable urban living.

The project exemplifies Toronto's strategy to use city-owned lands for impactful development. By integrating affordability, sustainability, and transit accessibility, it sets a promising benchmark for future housing projects in the city.