CHARTWELL Retirement Residences and Welltower Inc. announced plans for a new residence located within the historic Guildwood neighbourhood of Scarborough.
The Chartwell Guildwood Retirement Residence is expected to open in early 2020 and will offer 172 suites covering a spectrum of accommodation and service options. Residents will have access to various support and care services as their needs change.
The residence will include independent living apartments, independent supportive living suites and a dedicated Memory Living neighbourhood for those with memory impairment, requiring a secure, supportive and specialized living environment.
Chartwell Guildwood will feature architectural elements inspired by the local historic Guildwood Village and incorporate biophilic design considerations intended to maintain the innate connection between residents and nature promoting health and supporting wellbeing.
Among the many amenity offerings will be a music room; indoor pool; art room; and various dining venues. The residence will be pet-friendly with walking paths and even a pet wash station.
Chartwell has been working closely with the municipality and neighbourhood Guild Association to establish its commitment to supporting the community. As part of the City of Toronto development approvals process for the project, Chartwell and Welltower donated $175,000 in community benefit that will be used for capital improvements in the Guild Park and Gardens.
“We look forward to bringing this new residence to the community, as the seniordemographic in Toronto will grow significantly over the next ten years,” said Teresa Fritsch, Senior Vice President, Real Estate and Investments at Chartwell. “Together with Welltower, we will be investing $72 million to develop this project, increasing the availability of services and accommodations to this growing demographic. The project will support local economic activity by creating 150 construction jobs and related opportunities, and will employ more than 45 permanent positions when open.”
To assist in meeting the growing demand for seniors’ housing, Chartwell Retirement Residences currently has 24 projects at an estimated investment of $1.4B in its development pipeline across Ontario, Alberta, British Columbia and Quebec.