Item - 2022.TE31.13

The Toronto and East York Community Council recommends that:

1. City Council amend By-law 424-2017 to extend Part Lot Control Exemption, for the lands municipally known as 260-270 and 274-322 King Street West for an additional 5 year period from the date of the enactment of the by-law in accordance with the draft by-law in Attachment 6 to the report (January 18, 2022) from the Director, Community Planning, Toronto and East York District.

2. City Council authorize the City Solicitor to make such stylistic and technical changes to the draft by-law as may be required.

3. City Council authorize and direct appropriate City Officials to register the by-law on title to the lands.

4. City Council require the owner to provide proof of payment of all current property taxes for the subject lands to the satisfaction of the City Solicitor, prior to enactment of the Part Lot Control Exemption By-law.

On June 13, 2016 an application was submitted to permit an exemption from Part Lot Control for the lands known as 260-270 and 274-322 King Street West to facilitate the implementation of a mixed-use development on the subject properties. The properties are located on two blocks between King Street West to the south and Pearl Street to the north including all properties between John Street and Ed Mirvish Way (West Block), and two properties east of Ed Mirvish Way (East Block).  The development includes two tall buildings of 84 and 74 storeys on the West and East Blocks respectively designed by renowned architect Frank Gehry.  

The Part Lot Control exemption was requested to facilitate the division of the lands into a number of parcels to enable the owner to transfer portions of the lands along with easements and rights-of way needed to facilitate the implementation of the proposed development.  On January 31, 2017 Council approved the Part Lot Control Exemption application and on April 28, 2017 enacted By-law No. 424-2017 exempting these lands from the Part Lot Control provisions of the Planning Act for a period of 5 years.

This report recommends that exemption from Part Lot Control be extended for an additional 5 years to allow for the completion of the project and associated transactions.