Manulife Investment Management has appealed its proposal for a 59-storey rental building at the northeast corner of Church and Charles, where the Traders Building presently stands.
In December 2019, the developer submitted a development application for the tower. Manulife had held two community consultations in the preceeding months. At the second community consultation on October 2, Manulife polled community members as to whether they would choose to preserve the current building's facade or to have the building demolished in exchange for more green space.
Subsequent to that meeting, Manulife submitted its proposal to the City. The development would be a 59-storey mixed-use building, inclusive of a 6-storey podium which preserves the facade of the Traders Building. The building would l house commercial tenants on the lower levels, with 651 residential units in the tower.
On June 8 City Council is expected to designate the 1956 neo-Georgian building, designed by Marani & Morris, as a heritage property.
A case management conference is scheduled for June 8 at the Local Planning Appeal Tribunal. In all likelihood the developer and the City will engage in a mediation process aiming for a settlement agreement.