The City of London today issued a Request for Expressions of Interest (REOI) for companies interested in developing the Old Victoria Hospital lands in SoHo.
The REOI invites experienced firms and joint ventures to submit qualifications and preliminary development visions for five hectares of City property north of The Thames River’s south branch and east of Wellington Street.
The REOI, managed on behalf of the City by commercial real estate firm CBRE Limited, is the first part of a two-stage process. The second stage will shortlist qualified applicants and require submission of detailed development and design concepts and phasing plans.
Actual construction at the site could begin in 2016/17.
John Fleming, London’s Chief City Planner said, “There’s been a lot of excitement about the prospect of developing these lands as we’ve prepared for this moment over the past couple of years. We believe that the Old Victoria Hospital property represents a once-in-a-generation development opportunity. These lands are at the doorstep to Downtown London, directly adjacent to the Thames Valley Parkway pathway system and surrounded by major employers.
“The approved Secondary Plan sets the vision for a special new neighbourhood within SoHo that ties together a new waterfront promenade, an urban heritage square and look-outs, patios and seating areas along the Thames River. There are opportunities for the development of new mid-rise and high-rise residential buildings, mixed use development in the heart of the neighbourhood and re-purposed heritage buildings that can establish a unique neighbourhood character.”
The REOI will be circulated to CBRE Limited’s clients worldwide and advertised nationally and in southwestern Ontario. Submissions are due Dec. 18.
The REOI can be viewed in the “electronic data room” at www.cbre.com/old-victoria-hospital-lands