Item - 2020.EP14.5
Tracking Status
- This item was considered by Board of Governors of Exhibition Place on October 26, 2020 and was adopted without amendment.
EP14.5 - Exhibition Place Hotel X Development - Phase 2 Lands Design Concept Presentation
- Decision Type:
- ACTION
- Status:
- Adopted
- Ward:
- 10 - Spadina - Fort York
Board Decision
The Board of Governors of Exhibition Place:
1. Received the report (October 9, 2020) from the Chief Executive Officer, Exhibition Place for information.
Decision Advice and Other Information
Henry Kallan and Stephen Armstrong from Hotel X gave a presentation on Phase 2: Hotel + Performance Venue.
Origin
Summary
At its meeting of October 8, 2009, the Board of Governors approve of entering into a 49-year lease agreement with two 25-year renewal terms with HKH, which report was subsequently approved by City Council at its meeting of November 30, December 1, 2, 3, 4, 7, 2009 (EX36.3).
The 750,000 square feet first phase Hotel opened for operations on March 20, 2018, with the hotel development consisting generally of a podium and tower (29 floors for the tower, 404 rooms, and 411 underground parking spots).
Under the current lease for Hotel X, the tenant Princes Gate Hotel Limited Partnership ("HKH") has an option to lease certain phase 2 lands to the west of the current property. By letter dated July 31, 2020 HKH gave formal written notice to the Board Chair and CEO of Exhibition Place that it wishes to exercise that option for the 2nd tower and other related amenities.
The financial terms and conditions and concept/specifications/design plan surrounding the phase 2 parcel of lands need to be negotiated in advance between the parties and once finalized shall be subject to review and approval by both the Board and City Council.
At its meeting of September 18, 2020 the Board received an information report on Hotel X Development - Phase 2 Lands, that the Tenant wishes to exercise its option rights for the 2nd tower and other related amenities after have they give formal written notice. The Board Decision resulted in the following adopted Motions:
1. Requested the Chief Executive Officer, Exhibition Place to commence discussions with City of Toronto Corporate Real Estate Management staff and Hotel X representatives to start negotiations on the Phase 2 development and report back to the Board on:
- the results of the discussions;
- terms and conditions for the development, including design concept;
- an overview of the approval process; and
- how the development will take into consideration the recent Exhibition Place Master Plan
Hotel X principal shareholder, Mr. Henry Kallan and its Partners will be attending the Board meeting of October 26, 2020 to do a power point presentation on the progress of the Phase 2 development design concept to date for the benefit of the Board Members.
Background Information
https://www.toronto.ca/legdocs/mmis/2020/ep/bgrd/backgroundfile-157468.pdf
Presentation from Hotel X on Phase 2: Hotel + Performance Venue
https://www.toronto.ca/legdocs/mmis/2020/ep/bgrd/backgroundfile-157860.pdf
Communications
https://www.toronto.ca/legdocs/mmis/2020/ep/comm/communicationfile-122557.pdf
(October 26, 2020) E-mail from Deniz Dogan (EP.New.EP14.5.2)
(October 26, 2020) E-mail from Carly Hubbard (EP.New.EP14.5.3)
(October 26, 2020) E-mail from Christine Joy Reprado (EP.New.EP14.5.4)
(October 26, 2020) E-mail from Martha Mahecha (EP.New.EP14.5.5)
(October 26, 2020) E-mail from Maria Nicholasa (EP.New.EP14.5.6)
(October 26, 2020) E-mail from Valeriy Kim (EP.New.EP14.5.7)
(October 26, 2020) E-mail from Kris Archer (EP.New.EP14.5.8)
(October 26, 2020) E-mail from Sarah MacNeil (EP.New.EP14.5.9)
(October 26, 2020) E-mail from Ryan Grant (EP.New.EP14.5.10)
(October 26, 2020) E-mail from Amy Norris (EP.New.EP14.5.11)
(October 26, 2020) E-mail from Kimolla Blair (EP.New.EP14.5.12)
(October 26, 2020) E-mail from Jacqueline Alarcon (EP.New.EP14.5.13)
(October 26, 2020) E-mail from Pari Zolghadr (EP.New.EP14.5.14)
(October 26, 2020) E-mail from Clark Tapia (EP.New.EP14.5.15)
(October 26, 2020) E-mail from Austen Wong (EP.New.EP14.5.16)
(October 26, 2020) E-mail from Sofiya Kurman (EP.New.EP14.5.17)
(October 26, 2020) E-mail from Amin Bensadi (EP.New.EP14.5.18)
(October 26, 2020) E-mail from Lauren MacCallum (EP.New.EP14.5.19)
(October 26, 2020) E-mail from Paulette Hunt (EP.New.EP14.5.20)
(October 26, 2020) E-mail from Fernanda Rivera (EP.New.EP14.5.21)
(October 26, 2020) E-mail from Breanna Sutherland (EP.New.EP14.5.22)
Speakers
Mary Gellatly, Parkdale Community Legal Services
Kris Archer