Broccolini Moves Forward with The Riv, a 37-Storey Mixed-Use Residential Development in Toronto

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Broccolini is set to commence construction on The Riv, a 37-storey mixed-use residential building in Toronto's downtown-east corridor, with plans to provide over 350 rental units by 2029.

On March 19, 2026, Broccolini announced significant progress on The Riv, a towering 37-storey mixed-use residential project located in the bustling downtown-east area of Toronto. This ambitious development aims to deliver more than 350 purpose-built rental units, reflecting Broccolini's ongoing commitment to investing in Toronto and contributing to the city's growth trajectory. Construction is slated to begin in the upcoming months, with a targeted completion date set for 2029. Initially conceived as a condominium project, The Riv has been strategically repositioned to focus on purpose-built rental housing. This pivot followed an extensive evaluation and design refinement period, ensuring that the project aligns with the evolving market demands and the increasing need for long-term rental housing in Toronto. As a result of this comprehensive planning, the project will feature a reduced number of units, but with homes that boast larger living spaces and enhanced smart features compared to typical condominiums, alongside a competitive amenities package that meets the expectations of a premier rental building in the city. The Riv is strategically situated within Toronto's rapidly transforming downtown-east corridor, an area significantly influenced by major infrastructure investments and city-building initiatives. It is conveniently located within walking distance of the forthcoming Ontario Line and adjacent to the planned East Harbour transit hub and employment district, positioning The Riv in one of Toronto's most promising growth areas. The development will also integrate a geothermal energy system, designed to improve heating and cooling efficiency while advancing sustainability goals and energy performance. Additionally, Broccolini is committed to enhancing the neighborhood's green spaces by delivering a new publicly accessible park as part of this development, thereby connecting the local community to the expanding network of parks and open spaces in the vicinity. Phil Brennen, Vice-President of Real Estate Development at Broccolini, emphasized the potential of Toronto’s downtown east, stating, “We strongly believe in the long-term potential of this neighbourhood. 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.” The Riv further consolidates Broccolini's expanding footprint in Toronto, where the company continues to engage in diverse development activities across various asset classes, in line with its long-term strategy in Ontario.

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