Broccolini Moves Forward with The Riv: A New Mixed-Use Residential Development in Toronto

📅 2 weeks ago 🏷️ Broccolini

Broccolini is set to advance The Riv, a 37-storey mixed-use residential building in Toronto, aimed at providing over 350 rental units. Construction is expected to start soon, with completion targeted for 2029.

On March 19, 2026, in Toronto, Broccolini announced its advancement of The Riv, a 37-storey mixed-use residential building poised to deliver more than 350 purpose-built rental units in the downtown-east corridor of the city. This development underscores Broccolini's ongoing investment in Toronto and its commitment to the city's growth trajectory. The construction for The Riv is scheduled to commence in the upcoming months, with an anticipated completion date set for 2029.
Initially conceived as a condominium project, The Riv has been redefined as a purpose-built rental development. This strategic shift follows an extensive review and design refinement process aimed at aligning the project with the changing market conditions and the increasing demand for long-term rental housing options in Toronto. As a result, the project will feature a reduced unit count, but will offer larger and more intelligently designed homes compared to typical condominiums, along with an amenities package that meets the expectations of a premier rental building in the city.
The Riv is strategically located within Toronto's rapidly transforming downtown-east corridor, an area currently undergoing significant infrastructure and urban development. The site is conveniently positioned within walking distance of the forthcoming Ontario Line and is near the planned East Harbour transit hub and employment district, making it one of the most promising growth areas in the city.
To enhance its sustainability efforts, the development will incorporate a geothermal energy system designed to optimize heating and cooling, thereby improving the building's long-term energy performance and meeting sustainability objectives. Additionally, as part of its broader development initiatives in the neighborhood, Broccolini will provide a new publicly accessible park, which will contribute to the increasing green space and facilitate better connectivity for the surrounding community to the expanding network of parks and open spaces in the area.
Phil Brennen, Vice-President of Real Estate Development at Broccolini, remarked, "Toronto’s downtown east continues to emerge as one of the city’s most dynamic growth corridors. We strongly believe in the long-term potential of this neighborhood. Repositioning The Riv as purpose-built rental allows us to move forward with a project that responds to Toronto’s evolving housing needs while reinforcing our commitment to building in the city."
This project marks another significant addition to Broccolini’s expanding portfolio in Toronto, where the company is actively involved in investing, developing, and constructing across various asset classes as part of its long-term strategy in Ontario. With over 75 years of experience, Broccolini is recognized as a leading fully integrated real estate provider, offering comprehensive solutions in investment, development, construction, and property management. The company is ranked among Canada’s top builders and is a trusted partner for some of the world's most prestigious companies, supporting all stages of the real estate lifecycle across the industrial, residential, commercial, and office sectors in Quebec, Ontario, and beyond.

Related Posts