Item - 2020.NY12.7

North York Community Council:

1. Deferred consideration of the item until its meeting on March 12, 2020.

This report recommends that City Council approve the proposed alterations to the heritage properties located within the proposed development site at 2490-2514 Yonge Street, that Council state its Intention to Designate the properties at 2490 Yonge Street (including entrance addresses 2492-2502 Yonge Street) and 2506 Yonge Street (including entrance addresses 2508-2510 Yonge Street) under Part IV, Section 29 of the Ontario Heritage Act, and that Council grant authority to enter into a Heritage Easement Agreement for the subject properties. The property at 2490-2506 Yonge Street, the Capitol Theatre Building, was added to the City of Toronto's Heritage Register by City Council on November 9, 2016.

The application proposes to retain the eastern elevation of 2490-2506 Yonge Street along Yonge Street and a portion of the southern elevation of 2490-2506 Yonge Street along Castlefield Avenue. These elevations will be incorporated into a new, 14-storey mixed-use residential building encompassing 2490-2514 Yonge Street, 10-12 Castlefield Avenue and portions of 20 Castlefield Avenue and 567 Duplex Avenue.

This report recommends that City Council approve the proposed alterations to the heritage properties located within the proposed development site at 2490-2514 Yonge Street, that Council state its Intention to Designate the properties at 2490 Yonge Street (including entrance addresses 2492-2502 Yonge Street) and 2506 Yonge Street (including entrance addresses 25082510 Yonge Street) under Part IV, Section 29 of the Ontario Heritage Act, and that Council grant authority to enter into a Heritage Easement Agreement for the subject properties. The property at 2490-2506 Yonge Street, the Capitol Theatre Building, was added to the City of Toronto's Heritage Register by City Council on November 9, 2016.

The application proposes to retain the eastern elevation of 2490-2506 Yonge Street along Yonge Street and a portion of the southern elevation of 2490-2506 Yonge Street along Castlefield Avenue. These elevations will be incorporated into a new, 14-storey mixed-use residential building encompassing 2490-2514 Yonge Street, 10-12 Castlefield Avenue and portions of 20 Castlefield Avenue and 567 Duplex Avenue.