Embracing the Flood

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Embracing the Flood ABSORPTION embracing the Flood 1 mile integrating toronto’s resilience story: riverside (https://www.100resilientcities.org/cities/toronto/) midtown EAST YORK leslieville energy insecurity alternative energy / solar power 1/2 mile cabbage- economic inequality equal access to job training, multi-modal transportation, opportunity town the beach site extreme cold green roofs, insulated building materials, wind resistant design riverside extreme heat native shade trees & vegetation, green infrastructure regent inadequate public transportation multi-modal, transit oriented development YORK park moss 500 feet infrastructure failure resilient systems park lack of affordable housing 20% affordable housing site regulatory climate data driver decision making + community involvement corktown power outage solar power rainfall flooding floodable design through green infrastructure alternative transportation, one-way streets old town traffic congestion portlands downtown harbor front shocks and stresses site solutions Despite recognition as a prosperous city of opportunity that has attracted over 2 million im- “ migrants, Toronto tops Canada in levels of working poverty and has seen TORONTO’S GROWING COMMUNITY living along Flood lines the greatest increase in income inequality in the country. The city has metro lines + street car lines most vulnerable - FLOODING OCCURS DURING A 5 YeaR RAIN EVENT begun taking substantial steps to increase affordable housing and to address income inequali- ty and transit equity. City officials predict that without further action, 60% of the city’s active street connections moderately vulnerable - FLOODING OCCURS DURING A 50 YEAR STORM EVENT neighborhoods will be classified as low or very low-income by 2025. rail corridor mildly vulnerable - FLOODING DURING A 100 YEAR STORM EVENT Toronto is also vulnerable to a number of climate related shocks including rainfall flooding, blizzards, and heat waves. Severe flooding in 2013 was the most costly natural disaster in the city’s history, as 4,579 homes were flooded and 750,000 people lost power. Officials are concerned that a stronger storm could lead to even power disruptions that would impact the entire city and region, disproportion- “ately affecting the city’s neediest. --Toronto’s Resilience Story Toronto was chosen as one of the 100 Resilient Cities pioneered by the Rockefellar Foundation ref ing lectin taking cues from surrounding architecture ng g ha c where water gathers e v o with opportunity to connect lv g in in g n to existing trails r a le urban ecology & dignified neighborhoods g r o w g i n n i g v i l mapping the context of past social eco future l systems systems i a site v g i touching history n n i g w o r and innovation g l e situated between highways a r n i g n n g i v l o v & rails e c h a n g g i n n i t g c e l f e r 1 8 14 2 13 7 ave stern a’ ea 6 a ARK RD b P r o SUNLIGHT a d v ie 10 w RIVERP a v don 5 e 3 n ABSORP u v ARK S e alley don river BOULEVARD T TION P T S CANAL cork town common ARK 9 Absorption. Creating a space for regeneration, recreation, and reFLection. east harbour The East Don Banklands is a mixed-use 4 development that regenerates East Toronto’s local ecology and community into a smart, healthy, 11 and equitable transit center. legend This development addresses four challenges 1 FLOOD REMEDIATION REFLECTION POOL that face Toronto in its evolution to become one of the Rockefeller 2 FLOODABLE TERRACES Foundation’s 100 Resilient Cities: 3 CANAL PARKS lack of ecological renewal, social equity, a vibrant economy, and 12 4 FLOOD PROTECTION BeRM authentic cultural identity. 5 CONSTRUCTED WETLANDS In following the city of Toronto’s example of 6 RIPARIAN BUFFER valuing sustainability, the East Don Banklands neighborhood employs 7 PEDESTRIAN PATH TO UNDERPASS PARK net-positive or “regenerative” design, creating sustainable 8 RAISED TRAILS systems that mix the needs of society with the integrity of nature. 9 pedestrian path to corktown common 10 water level light sculptures By accomplishing this, Absorption will provide a dynamic space for (30.4 m) (60.9 m) 11 streetcar extension workers, visitors, and residents to live, work, and play in a healthy, 0’ 100’ 200’ 12 transit station safe, and net-positive environment—all in the middle of the city. 13 community foundation center grocery market scale: 1” = 100’ 14 ABSORPTION AT EAST DON BANKLANDS MASTER PLAN adapt. engage. regenerate. broadview plaza PHASE 1 : PHASE 2 : PHASE 3 : INCLUDE EMBRACE sustain square footage by phase development cost by phase 4.34 million square feet in new development c$781.4 million in new development Residential - Market for Rent reSIDENTIAL - MARKET FOR SALE PHASE 1 RESIDENTIAL - AFFORDABLE RENTAL OfFIce Retail PHASE 2 Hotel Structured Parking Surface Parking PHASE 3 Infrastructure 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 $300,000,000 $350,000,000 S Q U A R E F O O T A G E C O S T ( c $ ) square footage breakdown development cost breakdown RESIDENTIAL MIX 4.34 million square feet c$781.4 million in new development 1026 TOTAL UNITS Residential - Market for Rent 0% 4% 6% reSIDENTIAL - MARKET FOR SALE 5% 15% 15% 25% 8% RESIDENTIAL - AFFORDABLE RENTAL 33% Residential - Market for Rent 4% OfFIce 10% 47% 6% reSIDENTIAL - MARKET FOR SALE 6% 0% Retail RESIDENTIAL - AFFORDABLE RENTAL 6% Hotel 8% 20% Structured Parking 24% 23% Surface Parking 35% Infrastructure 1,026 RESIDENTIAL UNITS 479 MARKET-RATE RENTAL UNITS 342 MARKET-RATE FOR SALE UNITS 1.81% FUNDING & GRANTS 205 AFFORDABLE RENTAL UNITS Financial Sources C$958,371,658 SENIOR LOAN - 65% LTC (1) SENIOR LOAN 18.19% eQUITY Pref Equity -15% LTC (2) $622,941,577 8.83% DEVELOPER EQUITY Equity - Contribution 9.35% LAND EQUITY Equity - Land Contribution PREF EQUITY LOAN TCHC Affordable Housing (3) $143,755,749 80% DEBT Infrastructure Ontario Grant (4) EQUITY 65% sENIOR LOAN Waterfront Toronto Partnership (6) $174,284,332 15% PREF EQUITY LOAN Municipal Energy Grant Program (5) Funding & Grants Education and Capacity Building Program (7) $17,390,000 City of Toronto Eco-Roof Incentive Program (8) C$340 MILLION C$1.6 BILLION LEVERED NET PRESENT VALUE PROJECTED SITE VALUE 17.09% 26.78% UNLEVERED IRR LEVERED IRR ecosystems urban wetlands INSPIREDurban wetlands BY THE PROBLEM ABSORPTION OVERCOMEs ITS CHALLENGES; EMBRACING THE FLOOD. THE SITE IS CURRENTLY LOCATED IN A FLOOD PLAIN. DEVELOPING TO lter pollutants EMBRACE THE FLOOD, EAST DON BANKLANDSlter pollutants IS A MODEL FOR RESILIENT URBANISM. ood control ood control urban wetlands urban wetlands lter pollutants biodiversity climate control photovoltaic pergola lter pollutants biodiversity climate control ood control ood control biodiversity climate control biodiversity climate control RAINWATER STORAGE RAINWATER STORAGE WATER RECYCLING GREEN OPEN SPACE FLOOD CONTROL WATER SYSTEMS WATER-CYCLING INFRASTRUCTURE DON RIVER DON VALLEY BOULEVARD ABSORPTION PARK RIVERPARK ST. old eastern ave bridge a a’ connection to district grid (6 m) (12 m) 10,000 GALLON 0’ 20’ 40’ riparian bufferS riparian bufferS pedestrian path FLOODABLE WATER LEVEL GREEN ROOF BUILDING CISTERN TERRACES LIGHT SCULPTURES RAIN/SNOW MELT COLLECTION green + social infrastructure : a healthy and intelligent urban fabric will yield economic stability and resilient communities. 25 % reduction in operating costs, which returns a savings of C$28.1 million over ten years 1,281 new residential units 10 percent will be priced as affordable units 700,000 square feet of medical-oFFice space The value of the four sites before construction begins is estimated to be C$158.5 million. After development, the value grows to C$1.7 ABSORPTION PARK billion, which equates to a 28.15-percent levered IRR community systems social infrastructure BUILDING PROGRAMMING PUBLIC SPACE RESIDENTIAL 769,432 sqft. ReTAIL 253,178 sqft. OFFICE 977,154 sqft. HOTEL 165,000 sqft. parking 1,056,912 sqft. site impact on resilient region water security regional center COMMUNITY ENGAGED DESIGN PROCESS access to SUSTAINING COMMUNITIES IS A VALUED PART OF GROWTH. THE ABSORPTION PROJECT AT EAST DON public park BANKLANDS HELD SEVERAL COMMUNITY WORKSHOPS TO INFORM DESIGN AND PROGRAM DESICIONS. energy security regional economic contribution access to access to connection to public education & high water level transportation jobs existing street grid normal water level site impact on low water level individual access to access to affordable sculptural lighting grocery housing reduced carbon mitigates heat footprint island effect illuminating water levels walkability connection to underpass park improved public & flood mental health resilience connection to corktown common extended streetcar connection to rail east harbour walking /biking connections riverside neighborhood east don banklands transit east harbour streets neighborhood city scale and density increase incrementally connecting to surrounding neighborhoods - accessibility to transit scaling into the neighborhood consciously ABSORPTION PARK greenway trail.
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