What’s going on with the massive development where Honest Eds once stood?

After nearly eight years since Honest Ed’s closed its doors, the construction site at Bloor Street W. and Bathurst Street has become a familiar sight for Toronto residents. The planned development was set to include hundreds of purpose-built rental units, new businesses, and a space that pays homage to the history of the iconic block.

However, as Toronto grapples with a housing crisis, concerns have been raised about the progress of the affordable and purpose-built rental units that were supposed to be completed by now. The lead developer of Mirvish Village, Westbank Corp., has acknowledged that they are running behind schedule by 12 to 16 months.

Ian Duke, head of the development group at Westbank, cited lengthy approvals and consultations as contributing factors to the delay. The COVID-19 pandemic also impacted the timeline, along with design decisions aimed at enhancing the overall project.

One significant change that occurred was the switch in construction companies by Westbank to expedite the construction process. However, this decision led to legal proceedings between Westbank and EllisDon, the previous construction company.

Duke revealed that the purpose-built rentals will consist of 890 residential homes, with 366 designated as affordable units. Currently, approximately 90 units in one of the six residential buildings are occupied. The development aims to preserve 24 heritage buildings on the site, with Markham Street being transformed into a pedestrian-friendly area with restaurants, boutiques, patios, trees, seating, and a new public park.

Toronto city councillor Dianne Saxe expressed the urgency of completing the project to provide much-needed housing for residents. She emphasized the significance of purpose-built rentals in addressing the housing crisis and noted the anticipation surrounding the opening of the application process.

While acknowledging the lengthy timeline, the city of Toronto confirmed that all development applications for the Mirvish Village site were finalized in August 2022. Duke remains optimistic that by next summer, the historic corner will undergo a remarkable transformation, breathing new life into the area.

As Mirvish Village evolves, it is poised to become a vibrant hub for residents and visitors alike, showcasing a blend of history and modernity. The community eagerly awaits the completion of the project, looking forward to enjoying the revitalized space and amenities that Mirvish Village will offer.