In late October KingSett Capital submitted an application for a 59-storey tower between 510 and 528 Yonge Street (the West side of Yonge, south of Breadalbane), including 500 condominium units and retail at street level.
The site falls within the boundaries of the Historic Yonge Street Heritage Conservation District Plan (a plan which developers are appealing at the Local Planning Appeals Tribunal). Under the proposal, three of the five existing historic buildings on Yonge Street, which are listed on the Toronto Heritage Register, will have their facades restored and integrated into the new podium, while the other two would be demolished and replaced.
There is no parkland dedicated on the site; Kingsett proposes instead to replace its building at 431 Yonge Street with parkland, which will enlarge the existing parkette located at the west end of Granby Street.
The application is at a very early stage. The City has yet to issue a Preliminary Report.