City Council will vote on funding the cultural hub in Weston next week.
The development will have
- An 18-storey tower with 350 rental units
- An 800-square meter (8600 square foot) community/cultural hub
- 26 rental artist live/work units
- An 1,150 square meter (12000 square foot) open-space area for the Weston Farmers’ Market
- A 75-spot parking lot
The apartment building, townhouses, and live-work spaces will be built on the John Street parking lot and in the vacant spaces under 33-35 King.
City Council will be voting next week to “expedite the planning review process once the Rockport Group has made the necessary planning applications”, among other motions.
The proposal to Council says:
The proposed multi-million dollar investment in the Development will create some 940 new jobs, which, together with the local expansion of public transit byMetrolinx and GO Transit will contribute to an area-wide social and economic revitalization…. The cost to build the Community/Cultural Hub, Live/Work Units and Open Space Area is projected to be $13.3 million, including an operating reserve.
Construction is expected to begin in 2016.