RFP#2023-017 - Cost Consulting Services - 1900 Yonge St.

Located beside Davisville Station and steps from the Beltline Trail, 1900 Yonge is currently home to the Toronto Transit Commission’s head office. To accommodate transit operational needs, the property will be redeveloped in the longer term. The initial vision proposes the inclusion of a high-rise mixed-use residential development incorporating affordable rental housing, replacement office space and the adaptive reuse of heritage assets. Redevelopment of the site is proposed to occur in conjunction with a potential opportunity to explore decking options over the adjacent TTC Davisville Yard to enable the creation of a new park.

The design and technical feasibility analysis has resulted in a preferred concept, which now requires a high level Class D cost estimate. In addition to understanding the overall magnitude of the project cost, this costing exercise would feed into the overall funding strategy for this project. As part of the costing we have requested a breakdown of the costs into different cost centres, while also following the overall project phasing. This would assist the City initiate funding discussions with the respective sub-groups within the City.