A plan is in the works to offer struggling musicians their own building downtown, complete with affordable rental units, rehearsal and recording space, CBC Toronto has learned.
Daniels Corp., which is helping redevelop Regent Park, has set aside a lot for the project on Dundas Street East just east of Sumach. The company says it’s already begun designing the building, which would be a 10-storey, 100-unit tower, atop a podium.
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The building would be operated as a co-op by Toronto Music City, a not-for-profit group that’s working to enhance Toronto’s image as a musician-friendly city.
“This project is shovel ready. The land is zoned. We have a willing builder. We’re ready to go,” Andreas Kalogiannides, executive director of Toronto Music City, told CBC Toronto last week. “It doesn’t get any more shovel-ready than this.”
He said the project’s total cost is about $30-million, and he’s trying to persuade the city to contribute about a third of the total. Kalogiannides said he’d also like to see the private sector chip in.
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