Item - 2012.TE12.50

The Toronto and East York Community Council directed that:

1.         Staff schedule a community consultation meeting for the lands at 454-464 Yonge Street together with the Ward Councillor.

2.         Notice for the community consultation meeting be given to landowners and residents within 120 metres of the site, and to additional residents and owners to be determined in consultation with the Ward Councillor, with any additional mailing costs to be borne by the applicant.

3.         Notice for the public meeting under the Planning Act be given according to the regulations under the Planning Act.

This application proposes to redevelop the subject site with a mixed-use development including retail and office uses on the first 3 floors and residential above.  The address of the site includes the properties between 454 to 464 Yonge Street.  The proposed building will have one tower at a height of 60 storeys (207 metres including mechanical penthouse) containing a total of 599 dwelling units.

This report provides preliminary information on the above-noted application and seeks Community Council's directions on further processing of the application and on the community consultation process.

The next step is to conduct a community consultation meeting to allow the public to review the application and provide feedback.  The subject site is also within the study area for the North Downtown Yonge Street Planning Framework.  A Final Report is targeted for the third quarter of 2012 assuming the applicant has provided all required information in a timely manner.