Broccolini Advances The Riv: A New Mixed-Use Rental Development in Toronto's Downtown-East

📅 1 days ago 🏷️ Broccolini

Broccolini is moving forward with The Riv, a 37-storey residential building in Toronto, aimed at providing over 350 rental units. Construction is set to begin soon, with completion targeted for 2029.

On March 19, 2026, in Toronto, Broccolini announced significant progress on The Riv, a 37-storey mixed-use residential project poised to add over 350 purpose-built rental units to the downtown-east corridor of the city. This initiative underscores Broccolini's ongoing investment in Toronto and its commitment to the city's future development. Construction is anticipated to commence in the coming months, with a completion date aimed for 2029.
Originally planned as a condominium, The Riv has been redefined as a purpose-built rental project after an extensive review and design process. This pivot was made to better align with the shifting market demands for long-term rental housing in Toronto. As a result, The Riv will feature a decreased number of units, but with new homes that are larger and smarter than conventional condominiums. Additionally, the project will include an amenities package that meets the high standards expected in contemporary rental buildings.
Situated in Toronto's rapidly changing downtown-east corridor, The Riv is strategically located near significant infrastructure investments and city-building initiatives. It is within walking distance of the future Ontario Line and is close to the planned East Harbour transit hub and employment district, positioning the development in a key area of growth for the city.
The building will also incorporate a geothermal energy system, enhancing its heating and cooling capabilities while supporting long-term sustainability objectives. In tandem with the residential component, Broccolini plans to create a new publicly accessible park, contributing valuable green space to the neighborhood and facilitating connections to the expanding network of parks and open spaces in the area.
Phil Brennen, Vice-President of Real Estate Development at Broccolini, commented on the project, emphasizing the potential of Toronto's downtown east as a dynamic growth corridor. "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," he stated.
The Riv is part of Broccolini's broader strategy of expanding its presence in Toronto, where the company is actively involved in various asset classes as it seeks to enhance its development portfolio in Ontario. With over 75 years of experience, Broccolini has established itself as a leading, fully integrated real estate provider, offering comprehensive solutions in investment, development, construction, and property management across Quebec, Ontario, and beyond.

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