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  • News
  • September 13, 2018

Chartwell Unveils Plans for New Development in Guildwood Village

Chartwell will invest in the development of Chartwell Guildwood Retirement Residence, located within the historic Guildwood neighbourhood of Toronto

The new residence is expected to open in early 2020 and will offer 172 suites that cover a spectrum of accommodation and service options. Residents will have access to various support and care services as their needs change. The retirement 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 long established historic Guildwood Village and incorporate biophilic design considerations intended to maintain the innate connection between residents and nature promoting health and supporting wellbeing. Among many amenity offerings, unique resident amenities will include a music room, indoor pool, art room and various dining venues. The residence will be pet friendly with walking paths and a pet wash.

The residence will provide various sustainable and security focussed systems. LED lighting throughout the residence known to positively impact quality of life for seniors, building automation and modern heating and cooling systems that support environmental comfort, and a state of the art building access control system ensuring resident and staff safety and security, are among the few.

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 benefits 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 senior demographic in Toronto will grow significantly over the next ten years. 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 for those committed to caring for, and supporting our seniors,” said Teresa Fritsch, Senior Vice President, Real Estate and Investments at Chartwell.

“Over the next 18 years, with soaring senior demographic growth expectations, the need for seniors housing options and care will increase nationwide requiring 600,000 new retirement and long term care suites. To assist in meeting this demand, Chartwell Retirement Residences has twenty four projects at an estimated investment of $1.4B in its development pipeline across Ontario, Alberta, British Columbia and Quebec,” said Teresa Fritsch.

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