Peterborough City Council Supports Removing Former Montreal House From Heritage Register
/Peterborough City Council supported removing the former Montreal House from the Heritage Register and not designating the property under the Ontario Heritage Act, at Monday night’s council meeting.
The property owner plans to build a mixed-use building that would include 75 "affordable" (80 per cent market rent) residential units through an agreement with CMHC along space that would be used to support the adjacent urban park.
Ashburnham Realty (AR), was the successful proponent through an Expression of Interest process the City undertook to select a developer for the property that the City had purchased at 220 King St. next to the future location of the urban park.
The City asked for developers to come forward that were interested in building on the 220 King St. site with components that would include affordable housing and sustainable features with a high level of urban design that would fit well with the adjacent urban park.
Ashburnham Realty purchased the corner property at Aylmer Street and King Street to consolidate with the property at 220 King St., which would allow for a larger mixed-use development.
Since February 2022, City staff have worked with Ashburnham Realty and its design team on a number of conceptual design iterations in an effort to preserve the heritage value of the former Montreal House and fulfill the original intent of the Expression of Interest, including a high level of urban design and alignment with the Official Plan.
After numerous design iterations, it became evident that there were multiple competing priorities including:
the relationship of the building to the urban park,
the preservation of the Montreal House,
maintaining the agreement with CMHC to provide affordable housing,
achieving the accessibility and sustainability requirements of the new build, and
ensuring the development is not negatively impacted by the regulatory floodplain.