Item - 2013.TE21.47

The Toronto and East York Community Council directed that:

1.         Staff schedule a community consultation meeting for the lands at 625, 629 and 637 Yonge Street and 1, 3, 5, 7 and 9 Isabella 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 amend the Zoning By-law to permit a mixed-use development consisting of a 40-storey building, including a 4-storey podium.  There would be a total gross floor area of approximately 25,965 sq.m. with 326 residential units on the upper thirty six floors and 1,400 sq.m. of retail space and 1,630 sq.m. of office space within the podium portion.

The tower proposal as submitted is not supportable.  Among other matters, staff recommend that additional lands to the south be incorporated into the proposal to permit tall building performance standards to be met.  This can be achieved by acquiring additional lands or submitting a joint zoning by-law amendment application.

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 for 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 which will be reported out in the first quarter of 2013.  A Final Report on the application is targeted for the third quarter of 2013, provided that the issues raised in this report and through the review of the application are satisfactorily resolved, and that any requested information and revised application is submitted by the applicant in a timely manner.