DOCSLIB.ORG

2019 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report 2019 Annual Report Zibi Ottawa, ON / Gatineau, QC Dream (TSX:DRM) is an award- winning Canadian real estate company with approximately $9 billion of assets under management in North America and Europe. Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $9 billion of assets under management across three TSX listed trusts and numerous partnerships. We also develop land and residential assets in Western Canada for immediate sale. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. Letter to Shareholders Over the last 14 months, we have delivered a total return of 83% and redevelopment properties, our mixed-use developments at to shareholders and repurchased over $130 million of stock. Brightwater, the Canary and Distillery Districts and the West While we are pleased with the increase in market price year- Don Lands. As the development manager for Dream Office REIT, over-year, we believe that continuing to buy back stock under we are leading the rezoning and intensification process for the our normal course issuer bid is a good use of capital and a driver REIT’s redevelopment assets. This includes 250 Dundas St. West, of value creation. As of February 21, 2020, we held $743 million which recently obtained council zoning approval to convert the units at fair value in Dream Office REIT and Dream Alternatives, property to a multi-use development comprising commercial which accounts for over 60% of our current market cap before office, multi-residential rental and retail components. considering our extensive land holdings in downtown Toronto which are carried at cost on our balance sheet or the value of our In 2019, we achieved several advancements and key approvals remaining asset management contracts. In 2019, we acquired across our Toronto & Ottawa development portfolio. We secured an aggregate of $91 million in Dream Office REIT and Dream the first major tenant, the Federal Government of Canada, for Alternatives, and the fair value of our holdings appreciated over our first commercial building at Zibi, our 34-acre waterfront $150 million while generating cash distributions of $21 million. community in the Nation’s Capital. After extensive collaboration We intend to continue investing in both Trusts on an opportunistic with the City of Mississauga and community of Port Credit, basis. we reached an agreement with the City to advance municipal approvals for Brightwater. We also closed on Block 10 in the On December 10th, we closed on the sale of Dream Global REIT to Canary District and secured landmark financing on our first Blackstone. This transaction was a pivotal event for our Company. purpose-built affordable rental building in downtown Toronto The sale itself generated proceeds of $500 million, which was (West Don Lands Block 8) through CMHC’s Rental Construction used to reduce our debt by $254 million, including redeeming Financing initiative for $357 million and thereafter commenced our preference shares and fund a $117.5 million substantial issuer construction. Each of these further advances the value of our bid, making our balance sheet even stronger and the Company business for the long term. more valuable. As at December 31, 2019, our debt to total asset ratio was approximately 25%, a record low for the Company Overall, we are pleased with the safety of our Company and the and down 10% from a year ago. The sale also demonstrated our return we are generating for shareholders. Our core operating ability to execute and create value within our asset management business has strong fundamentals and there is a significant business. From the time of Dream Global REIT’s IPO eight years amount of value yet to be realized from assets we already own ago, we have sourced incredible assets to grow the portfolio, on our balance sheet today. completed significant capital recycling programs and capitalized on market fundamentals across Europe. We are now deploying Thank you for your continuing support. our global asset management team to lead Dream Industrial REIT’s European expansion strategy and utilizing our expertise and relationships to grow our asset management business Sincerely, through new private opportunities. Dream is one of the most significant developers and owners of real estate in Toronto with 7.1 million square feet of retail and Michael J. Cooper commercial GLA in fully stabilized assets or in our development President & Chief Responsible Officer pipeline and nearly 12,000 residential units (at project level). Our assets include: Dream Office REIT’s income producing February 25, 2020 250 Dundas Street Toronto, ON At a Glance $9 B ~$35 B IN ASSETS UNDER MANAGEMENT OF REAL ESTATE & RENEWABLE AS AT DECEMBER 31, 2019 POWER TRANSACTIONS COMPLETED ~14,000 $742.9 M CONDOMINIUM & PURPOSE-BUILT OF EQUITY HELD IN DREAM RENTAL UNITS UNDER CONSTRUCTION PUBLICLY LISTED FUNDS AS AT OR IN OUR DEVELOPMENT PIPELINE FEBRUARY 21, 2020 Brightwater Port Credit, ON Financial Highlights Dream Standalone(1) 2019 2018 Revenue $ 536,559 $ 294,071 Earnings before income taxes $ 518,630 $109,334 Earnings per period $ 402,492 $ 83,093 Basic earnings per share(2) $ 3.81 $ 0.76 Total equity (excluding non controlling interests $1,001,317 $919,394 (1) Dream standalone represents the standalone results of Dream, excluding the impact of Dream Alternatives’ equity accounted/consolidated results. Refer to the “Non-IFRS Measures” section of our MD&A for further details. (2) Basic earnings per share is computed by dividing Dream’s earnings attributable to owners of the parent by the weighted average number of Dream Subordinate Voting Shares and Dream Class B shares outstanding during the period and has been adjusted to include the non-controlling interest relating to Sweet Dream Corp. (3) Total equity (excluding non-controlling interests) excludes $64.9 million of non-controlling interest as at December 31, 2019 ($43.9 million as at December 31, 2018) and includes the Company’s investment in Dream Alternatives as at December 31, 2019 of $93.8 million ($72.7 million as at December 31, 2018). For further details refer to the “Segmented Assets and Liabilities” section of our MD&A. Total equity per share(3) ($ in millions) $13.12/share $9.33/share share /share $8.42 $7.39 $6.38/share $5.21/share 21% CAGR IN TOTAL EQUITY TO 2019 Dec. 2014 Dec. 2015 Dec. 2016 Dec. 2017 Dec. 2018 Dec. 2019 * Total equity per share is calculated based on total shareholder’s equity, including SDC’s non-controlling Note: We issued $55.0M of equity in 2014 interest for years prior to December 31, 2018. Our Values Courageous ideas Meaningful relationships Fierce diligence Social responsibility These values provide the foundation for our corporate culture – acting as a strong platform on which to build sustainability into Dream’s DNA. About Our Sustainability Reporting To align with best practice sustainability reporting, we have divided the information across three areas — environment, social and governance. Zibi Ottawa, ON / Gatineau, QC Sustainability Focus on Sustainability community that provides access to housing for people of all income levels. Whether building new communities, making new investments or We focus on promoting operating our existing assets, we always keep the highest standards of in mind the impact we have on our customers, corporate governance, tenants, employees and homebuyers, as well as social responsibility and the greater community and residents in general. ethical behaviour throughout From our ongoing dialogue with stake holders, our organization. we know that they care about our sustainability platform, best practic es and results. Our investors Sustainability is ingrained in how we run our want to be confident that they are investing in a business both internally and externally. It fits corporate entity which uses land and resources naturally with Dream’s purpose to Build Better responsibly, minimizes carbon emissions and Communities and with our values. Building better is in good standing with its employees and communities guides how we think, live and work. communities. We strive to make positive impacts on the natural Our focus is to directly tie sustainability to environment and the communities in which we our corporate values, our culture and the way operate, work and live. in which we conduct our busi ness. We have As property owners, operators and developers, been making progress in how we manage our we believe building a better community is environmental impacts, engage employees and bigger than ourselves and our own assets, it conduct social out-reach programs by adopting encompasses the greater community at large a formal approach to sustainability. and the cities in which we live and operate. We are also continuing to invest in the development Building a better community means more than of our employees, which contributes to the strong just limiting environmental impact, it applies to execution of our business strategies. Further, it is social benefits, such as promoting inclusivity, increasingly important to employees that they diversity and health and wellness. feel good about the company for which they work. As a developer we have a legacy of building Our commitment to strong governance ensures communities that showcase best practices that we attain the highest ethical standards, in sustainability. Brightwater in Port Credit, which includes how we manage and mandate as well as the LEED Gold Canary District, and sustainability. We continue to implement West Don Lands in Toronto, are all examples of strategies to manage our impact and measure our commitment to sustainable design in urban our performance in attaining targets.
Load more

Recommended publications
  • REPORT for ACTION City Planning Division – Study Work Program
    PH12.3 REPORT FOR ACTION City Planning Division – Study Work Program Date: January 2, 2020 To: Planning and Housing Committee From: Chief Planner and Executive Director, City Planning Wards: All Folder Number: 19 120442 STE 10 TM SUMMARY This report provides the City Planning Division's annual update on its Study Work Program. The report outlines the Division's 62 completions and approvals in 2019. These completions demonstrate the Division's commitment to advancing the Strategic Priorities identified in the City of Toronto Corporate Strategic Plan, 2019, through a proactive approach to prioritizing and managing a range of complex planning issues, including deliverables related to: Maintaining and creating housing that's affordable: In partnership with the Housing Secretariat and CreateTO, in 2019 City Planning advanced the Housing Now initiative to create affordable housing and mixed-use, mixed-income, transit-oriented communities on City-owned sites. City Planning also advanced policies related to Inclusionary Zoning and dwelling rooms, and zoning related to second suites and municipal shelters for Council approval. Keeping Toronto moving: Following the Province's introduction of Bill 107 - Getting Ontario Moving Act, City Planning has and will continue to play an important role in the articulation and advancement of city-building objectives related to provincial priority transit projects. City Planning also advanced Transportation Master Plans in support of large studies including the Golden Mile Secondary Plan and an evaluation of the King Street Transit Pilot. Investing in people and neighbourhoods: City Planning supports the development of complete communities through large-scale city building and infrastructure studies. Council's adoption of the Don Mills Crossing, Laird in Focus and Sherway Area Secondary Plans establishes local planning frameworks to guide ongoing investment in employment opportunities and community services and facilities to support existing and future residents in these areas.
    [Show full text]
  • Redeveloping the Distillery District, Toronto
    Place Differentiation: Redeveloping the Distillery District, Toronto by Vanessa Kirsty Mathews A thesis submitted in conformity with the requirements for the degree of Doctor of Philosophy Department of Geography University of Toronto © Copyright by Vanessa Kirsty Mathews 2010 Place Differentiation: Redeveloping the Distillery District, Toronto Doctor of Philosophy Vanessa Kirsty Mathews, 2010 Department of Geography University of Toronto Abstract What role does place differentiation play in contemporary urban redevelopment processes, and how is it constructed, practiced, and governed? Under heightened forms of interurban competition fueled by processes of globalization, there is a desire by place- makers to construct and market a unique sense of place. While there is consensus that place promotion plays a role in reconstructing landscapes, how place differentiation operates – and can be operationalized – in processes of urban redevelopment is under- theorized in the literature. In this thesis, I produce a typology of four strategies of differentiation – negation, coherence, residue, multiplicity – which reside within capital transformations and which require activation by a set of social actors. I situate these ideas via an examination of the redevelopment of the Gooderham and Worts distillery, renamed the Distillery District, which opened to the public in 2003. Under the direction of the private sector, the site was transformed from a space of alcohol production to a space of cultural consumption. The developers used a two pronged approach for the site‟s redevelopment: historic preservation and arts-led regeneration. Using a mixed method approach including textual analysis, in-depth interviews, visual analysis, and site observation, I examine the strategies used to market the Distillery as a distinct place, and the effects of this marketing strategy on the valuation of art, history, and space.
    [Show full text]
  • Old Town Toronto East
    ST NTO EA TORO TOWN OLD Come and explore Toronto’s historic heart. N Sherbourne S Sac 5 kvi Geo ll Queen Street East e St rge Sum Bri Stre 4 ght Pow tre ach et Stre et er St Stre ree et St. t et Richmond Street East La Ber wre keley nce St Str 2 3 reet East ee Sac g Street t Adelaide Street East Kin kvi lle Str Jar Parli Bayv ee vis 6 t ament iew Cyp Street 1 ue Av St ven ress by Eri King Street East 7 enue Street Der n A n St ter St Eas ree E W t 14 Front Street East Don Ri Ove Tri 13 12 nity rend 11 ver St St reet The Esplanade 9 Mill Street Che 1O rry Geo 8 Street rge Scadding Ave Hah St South n Pl Longboat Avenue Lakeshore Blvd S Legend_ The Daniel Brooke Building 6 Little Trinity Church & Parish House 11 The Berkeley Street Theatre Bus, Streetcar Route Architectural/ 1 Historical 2 The Bank of Upper Canada 7 Enoch Turner School House 12 Canadian Opera Company Municipal Parking Interest 3 Toronto’s First Post Office 8 The Distillery Historic District 13 The Lorraine Kimsa Theatre Outdoor Art, Museum for Young People d Nixon 9 First Parliament Buildings Site One-way Street Statues & St. Paul’s Basilica 14 The Toronto Sun Mural Structures 4 10 Crombie Park Greenspace 5 Dominion Square riting: Edwar W EAST RONTO OWN TO OLD T Come and explore Toronto’s historic heart. Points of interest 1 The Daniel Brooke Building (King outskirts of town and the only Roman 9 First Parliament Buildings Site, Street East & Jarvis Street) Built in Catholic parish between Kingston and Parliament Square The block bounded 1833 for merchant Daniel Brooke, Windsor.
    [Show full text]
  • July 2018 Activity Calendar
    Activity Calendar July 2017 You must sign up for all activities www.studyquest.net/studentarea.htm Day Date Name Description Cost Meeting place Sun 1 ! Happy Canada Day!! ! Celebrate Canada's birthday at Downsview Park with live entertainment, games, face painting, Sun 1 Canada Day Celebration! FREE College Station @ 5PM and an incredible fireworks display! Mon 2 No Class today! See you on Tuesday! Kensington Market and Check out the delicious (and cheap!) food selection, art, crafts, live performances, and more! An Tu e s 3 FREE/ PYOW Quest Lounge @ 4PM China Town awesome place to pick up souvenirs! Watch the Toronto Blue Jays face off against the New York Mets! Experience the excitement of Wed 4 Blue Jays Game $30 Union Station @ 6:30PM watching a baseball game in Canada! Have a blast as you cheer for your favourite team! Come out to Quest’s first ever Karaoke event! Have fun and sing your heart out while your friends Thurs 5 Karaoke at Quest! FREE Quest Lounge @3PM cheer you on! Taste hamburgers from the best burger chefs in Toronto! Located on West Island! Come and enjoy Fri 6 BurgerMania on West Island! FREE/ PYOW Quest Lounge @3PM the live music, desserts, beer (19+), and of course, BURGERS! Vegetarian options also available. Come out to this Award winning event! Enjoy the non-stop Salsa dancing and latin music in the Sat 7 Salsa on Saint Clair Street FREE St. Clair Station @6PM streets alongside some of the best local and international entertainers! Afrofest Is the Largest Free African Music Festival In North America! Enjoy the incredible diversity Sun 8 Afrofest 2018 FREE Woodbine Station @4PM of African music while celebrating and learning about African culture.
    [Show full text]
  • Heritage Conservation Districts Boards
    Heritage Conservation Districts Heritage Conservation Districts (HCD) in Toronto What Is an HCD? Heritage Conservation Districts (HCDs) are an important part of the heritage planning A Heritage Conservation District (HCD) is an area of the city that is protected by a framework in Ontario and the City of Toronto. The first HCD in Toronto was municipal by-law passed under Part V of the Ontario Heritage Act by City Council. established in 1985, and there are currently 21 HCDs in place throughout the City. HCDs are designated because the areas they protect are considered to have a HCDs are maintained so that every Torontonian, present and future, can appreciate defined historic character and require special care and attention in the planning and take pride in the City’s cultural heritage resources. process to ensure that changes within the neighbourhood conserve and enhance the area’s special character. An HCD does not pertain to changes to building interiors, portions of building exteriors not visible from the street, or general maintenance of your property. What are the Benefits of an HCD? By identifying and conserving a community’s cultural heritage, heritage designation makes them more distinctive by helping to tell the stories of these places. Heritage designation can benefit communities as it can conserve the unique character and heritage of an area for future generations. Blythwood Road Harbord Village Phase II For the property owner, a benefit of heritage designation is that it recognizes the significance of their property and assures them that future owners will respect and appreciate their investment. Well-maintained historic buildings, streetscapes and landscapes contribute to neighbourhoods that foster local identity and pride.
    [Show full text]
  • West Don Lands Affordable Housing
    Mill & Cherry Streets TE19.5.10 West Don Lands – Blocks 3, 4 and 7 West DonDon Lands Lands Affordable Affordable Housing Housing Lands Program Dream Kilmer Tricon selected to enter into a year land lease ith Infrastructure Ontario. Financing by Canada Mortgage and Housing Corporation through the Rental Construction Financing (RCFI) program. Affordable Units exempt from municipal fees through the City of Toronto's Open Doors Program. 0% of the units as affordable rental housing in a range of units sies (R to R) -50% Units 00% AMR -0% Units 0% AMR -0% Units 0% AMR View of WDL Block 8 from the Distillery District (currently under construction) 2 West Don Lands Blocks 3, 4 and 7 CORKTOWN COMMON BLOCK 8 BLOCK 20 3 West Don Lands History Municipal Planning Context West Don Lands Block Revised Block King-Parliament Central Waterfront Plan & Urban Design Plan & Plan of Secondary Plan Secondary Plan Guidelines Subdivision Downtown Plan 1996 2002 2003 2005 2006 2011 2019 West Don Lands Precinct City of Toronto Official West Don Lands Public Draft Secondary Plan Plan Plan Realm Master Plan Update Growth Plan for the Greater Golden Horseshoe 4 The Precinct Plan West Don Lands History Queen Street The West Don Lands is designed to nourish families in all phases of life. A variety of housing options and community services will suit a River Street broad market segment and enable residents to be comfortably St. Lawrence Street accommodated from youth to senior years. Class EA Master Plan (2005) Block Plan and Urban Design Guidelines (2006) sign associates 1 Family-Oriented Housing King Street An affordable mix of housing for families will include 20% of the total units for affordable rental housing.
    [Show full text]
  • Pocket Toronto 1 Preview
    Contents Plan Your Trip 4 Welcome to Toronto ...........4 Top Sights ............................6 Eating .................................10 Entertainment ...................12 Drinking & Nightlife ..........14 Festivals .............................15 Shopping ............................16 Freebies ............................. 17 For Kids ..............................18 LGBTIQ+ ............................19 Four Perfect Days ............20 Need to Know ................... 22 Toronto Neighborhoods ................ 24 CN Tower (p44) YELENA RODRIGUEZ MENA/EYEEM/GETTY IMAGES © 00--title-contents-pk-tor1.inddtitle-contents-pk-tor1.indd 2 118/10/20198/10/2019 111:55:141:55:14 AM Explore Survival Toronto 27 Guide 147 Waterfront ........................ 29 Before You Go ................ 148 Entertainment & Arriving in Toronto ........ 149 Financial Districts ........... 43 Getting Around .............. 150 Old Town, Corktown & Essential Information ....152 Distillery District ............. 59 Index ................................ 156 Downtown Yonge ..............75 Kensington Market & Chinatown ..........................91 Yorkville & the Annex ........................ 103 Special Features West End .......................... 117 Harbourfront Centre .......30 East Toronto & Toronto Islands ................40 Rosedale .......................... 131 CN Tower ...........................44 St Lawrence Worth a Trip Market Complex ..............60 Niagara Falls ...................142 Tommy Thompson Park ....................................72
    [Show full text]
  • Walking Tour: Downtown Toronto, Ontario
    One of the best ways to experience a city is by Destinations Include: WALKING TOUR: walking around and exploring the different neigh- borhoods, cafes, and shops. This brochure serves as Cabbagetown DOWNTOWN a guide with many different interesting stops along Riverdale Farm TORONTO, ONTARIO the way, but you are encouraged to make your own Distillery District way throughout the city to find what interests you. It may seem that this tour involves excessive walk- St. Lawrence Market ing and distance, but with stops and sites along the Union Station way the time will fly by. Campbell House and Museum This tour was designed as a guideline for people in- terested in learning about the history and cultures of Spadina Chintown Toronto. Kensington Market By no means should you stick only to this as your Little Italy only guide! Take different streets, the subway, or a streetcar. Stop for lunch, coffee, or a beer. Royal Ontario Museum Knox College Above all: University of Toronto Ontario Legislative Building Enjoy yourself and all that Toronto has to offer!! Explore the history and Walking Tour designed and researched by: Kae Stringer various cultures of the world’s as part of the requirements for Advanced Projects in Public History most diverse city! for Dr. Doug Heffington, Summer 2011 A. Begin at Econo Lodge, 335 Jarvis Street: From the hotel, turn right I. Kensington Market is an artistic community with several mar- L. Knox College is a Presbyterian Seminary, and it is also a part of and walk through the Allen Gardens Park on the right to Carlton Street .
    [Show full text]
  • King Street Transit Pilot
    Unlocking Benefits by (Strategically) Talking Transit: King Street Transit Pilot Jacquelyn Hayward Laurence Lui Director, Project Design & Management Senior Planner, Transit Service City of Toronto Toronto Transit Commission 1 The King Street Transit Pilot began in November 2017 to improve transit on the busiest surface route in Toronto. 2 September 27, 2019 Why King Street? Busiest surface transit Key Destinations corridor in Toronto Liberty Village 72,000 King West boardings per day (pre-pilot) Entertainment District Financial District Rapidly growing Old Town Toronto downtown population and employment George Brown College Distillery District 50,000 new residents since 2011 3 September 27, 2019 Transit wasn’t working… Mixed-traffic operation Many attempts to Heavy congestion and improve operations: poor reliability 1993 Peak transit-only lanes 2001 Transit mall proposal 2004 Transit mall pilot proposal 2014 Extended peak restrictions 2015 All-door boarding 4 September 27, 2019 Looking beyond transit SUPPORT BUSINESS & ECONOMIC PROSPERITY MOVE PEOPLE + MORE EFFICIENTLY IMPROVE ON TRANSIT PUBLIC SPACE 5 September 27, 2019 BETTER TRANSIT Faster and more predictable travel has attracted more customers who are highly satisfied with streetcar service on King Street. 6 September 27, 2019 Transit Priority = Predictable Travel Reliable journeys at all times of the day 7 September 27, 2019 More Riders Daily boardings up 16% 8 September 27, 2019 Increased Capacity Responding to unprecedented growth in demand AM Busiest Hour PM Busiest Hour 9 September 27, 2019 Improved Customer Satisfaction Higher values in all key measures Trip Duration 79% 89% Overall Satisfaction Comfort of Ride 66% 81% 70% 78% Source: Q4 2017 vs.
    [Show full text]
  • Strap on Those Skates, East York They and Toronto’S 11 Other Designated Neighbourhoods Have Shared About $225 Million in Special Investments
    ww The East York THAT’S A RAP n New music video out OBSERVER Page 7 Serving our community since 1972 Vol. 42, No. 8 www.torontoobserver.ca Friday, October 11, 2013 n COMMUNITY City seeks input on priority locations By ALEXANDRA GATER The Observer The City of Toronto is calling on residents, community partners and city council to have their say about how it should choose the next seven Neigh- bourhood Improvement Areas (former- ly recognized as “Priority Neighbour- hoods”) in a series of eight meetings. Two East York-area neighbourhoods are already on the list of Toronto com- munities identified as needing better city services: Crescent Town near Victoria Park and Danforth av- enues and Flemingdon Taylor Giffin /// Observer @ Park-O’Connor, with A veggie-lover’s paradise its epicentre near the lO Take the Mike Hill of Hillsview Farms sells homegrown, chemical-free produce at the East York Farmer’s Market. The Don Valley Parkway market is held at the East York Civic Centre every Tuesday from 8 a.m. to 2 p.m. until Nov. 5. consulta- and Eglinton Avenue. tion survey online They were given the at www. original designation toronto.ca/ of priority neigh- neighbour- hood bourhoods by the city and the United Way in 2005. Since then, Strap on those skates, East York they and Toronto’s 11 other designated neighbourhoods have shared about $225 million in special investments. Politicians, hockey players The new series of meetings is part of the first significant revision of the list and residents on-hand for — which could see deletions from the opening of Leaside ice pad roster as well as additions.
    [Show full text]
  • West Toronto Pg
    What’s Out There? Toronto - 1 - What’s Out There - Toronto The Guide The Purpose “Cultural Landscapes provide a sense of place and identity; they map our relationship with the land over time; and they are part of our national heritage and each of our lives” (TCLF). These landscapes are important to a city because they reveal the influence that humans have had on the natural environment in addition to how they continue to interact with these land- scapes. It is significant to learn about and understand the cultural landscapes of a city because they are part of the city’s history. The purpose of this What’s Out There Guide-Toronto is to identify and raise public awareness of significant landscapes within the City of Toron- to. This guide sets out the details of a variety of cultural landscapes that are located within the City and offers readers with key information pertaining to landscape types, styles, designers, and the history of landscape, including how it has changed overtime. It will also provide basic information about the different landscape, the location of the sites within the City, colourful pic- tures and maps so that readers can gain a solid understanding of the area. In addition to educating readers about the cultural landscapes that have helped shape the City of Toronto, this guide will encourage residents and visitors of the City to travel to and experience these unique locations. The What’s Out There guide for Toronto also serves as a reminder of the im- portance of the protection, enhancement and conservation of these cultural landscapes so that we can preserve the City’s rich history and diversity and enjoy these landscapes for decades to come.
    [Show full text]
  • 25-Storeys By-The-Lake Community Connections
    TORONTO EDITION FRIDAY, FEBRUARY 20, 2015 Vol. 19 • No. 8 Mimico plan challenged Discussions on open data 25-STOREYS COMMUNITY BY-THE-LAKE CONNECTIONS By Edward LaRusic By Leah Wong With the fi rst development proposal within the secondary plan Toronto’s open data community wants local leaders to rely area not refl ecting the Mimico-by-the-Lake vision, residents less on anecdotal evidence and more on facts when it to fear the secondary plan will be signifi cantly revised before it is comes to policy decisions. even implemented. Th is weekend open data enthusiasts, government offi cials Shoreline Towers Inc. proposes to construct a 25-storey and community organizers will come together for the building on an existing parking lot at 2313 and 2323 Lake city’s Open Data Day activities to discuss how to use data Shore Boulevard West. Th e site is east of two existing 10-storey to improve the city. Among the topics being tackled this apartment buildings that front on Lake Shore Boulevard West, weekend is how to incorporate data into neighbourhood also owned by Shoreline. revitalization policies. Mimico Lakeshore Network co-chair Martin Gerwin “Th e wonderful thing about open data in policy making told NRU that part of the issue is that this parking lot was is that it’s fact-based. Many politicians will make a lot of calls never considered for redevelopment of this nature when the based on anecdotes or platforms,” one of the organizers and secondary plan was approved. Th e plan, which is currently CitizenBridge founding member Richard Pietro told NRU.
    [Show full text]