Church Wellesley Update
News from the Church Wellesley Neighbourhood Association
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The proposal to demolish the existing heritage buildings at the southeast corner of Yonge and Isabella Streets and build a 57 storey tower has been settled with the City and developer agreeing to save the heritage facades but with a tower of 70 storeys. In November 2021, Colliers Strategy and Consulting (on behalf of YI Developments Limited) submitted an application for a 57 storey tower at the site. The Yonge Street frontage would be retail space, with the residential entrance on Isabella Street, and servicing, parking and loading accessed via Gloucester Lane. The site is within the Yonge Street Heritage Conservation District, which the City of Toronto designated in 2016 under the Ontario Heritage Act. However, a group of developers, including YI Developments, has appealed The Heritage Conservation District Plan to the Ontario Land Tribunal. The current development proposal calls for the demolition of the existing buildings. City staff released a Preliminary Report with recommendations in January 2022. In July 2022, the Toronto Preservation Board recommended that City Council designate the existing buildings as heritage properties. In August 2022, the City issued a Notice of Intention to designate the buildings as heritage properties. In May 2023 the developer appealed the application to the Ontario Land Tribunal. A hearing was set for August 2024 but the City and developer came to a settlement agreement before then. Under the settlement agreement the facades of the existing heritage buildings will be preserved and some of the setbacks of the tower will be increased, but the height of the tower will now be 70 storeys.    Application Information Centre:
https://tinyurl.com/57rvbt6s Ontario Land Tribunal https://tinyurl.com/ycxcrym3Development Urban Toronto: https://tinyurl.com/yckr9fd2 Comments are closed.
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