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![]() | Projects & Construction Thread I Real Estate Thread Five St. Joseph 5 St. Joseph Street, Toronto Developer: Five St. Joseph Developments, Graywood Developments Ltd, MOD Developments Inc. | |
I agree with you that developers should build more spacious two bedrooms or even three bedrooms instead of tiny studios and try to reduce price psf. However, I still believe more supertalls should be allowed to be built in Yonge west since in the future more and more people would like to work and live in downtown core, and some young couples may raise their kids in downtown Toronto as well. Therefore, in terms of long run prospective, our city should allow developers build more supertalls, and in terms of those developers, please build more two br and three br suites!
“Our roads are not here for automobiles. Our roads are here for people to get around.” - Michael Bloomberg, Mayor of New York City - July 10, 2012
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What is sketchy or shady about negotiating funds from a developer in exchange for more height who will make plenty of extra profit for a given project with the height increase? They already get their building approved at often dozens of times the allowable density so now they pay if they want even more. Everything is above board and the section 37 funds are used to improve neighbourhoods by improving infrastructure, beautification, park improvements, community centres and on & on. Sounds like a win-win to me. Going to the OMB benefits only the developer.
“Our roads are not here for automobiles. Our roads are here for people to get around.” - Michael Bloomberg, Mayor of New York City - July 10, 2012
Original photographic images posted on this forum by dt_toronto_geek are not for publication, display or dissemination of any kind except on the Urban Toronto discussion board, altered or otherwise, without expressed written permission from the owner.
how's the construction going now?
618 YONGE ST, 5-9 ST JOSEPH ST, 15-25 ST NICHOLAS ST
File Number: A0850/11TEY Zoning CR T3.0 C2.0 R3.0 (Waiver) Ward: Toronto Centre-Rosedale
Property Address: 608-618 YONGE ST, Community: Toronto 5-9 ST JOSEPH ST, 15-25 ST NICHOLAS ST
Legal Description: PLAN 192E LOTS 1 TO 3 RP2904 PART 1 PT PART 2
PURPOSE OF THE APPLICATION:
To modify a previously approved re-development plan for the construction of a mixed use building of 45 storeys to a mixed use building of 48 storeys.
REQUESTED VARIANCES TO THE ZONING BY-LAW:
1. Section 4, Site Specific By-law 1201-2009 The maximum permitted residential gross floor area is 37,100 m2. The residential gross floor area will be 38,200 m2.
2. Section 4, Site Specific By-law 1201-2009 The maximum permitted residential gross floor area and non-residential gross floor area is 39,000 m2. The combined residential and non-residential gross floor area will be 40,000 m2 .
3. Section 4, Site Specific By-law 1201-2009 The building is required to be located within the heavy lines delineated on Map 2 of By-law 1201-2009. Portions of the building will be located outside the heavy lines delineated on Map 2 of By-law 12012009. The building will be located within the areas delineated by heavy lines on Revised Map 2, with the exception of permitted projections beyond such lines.
4. Section 4, Site Specific By-law 1201-2009 The building is required to be within the height limits indicated on Map 2 of By-law 1201-2009. Portions of the building will exceed the height limits indicated on Map 2 of the By-Law. The building will be within the height limits indicated on Revised Map 2.
5. Section 4, By-law 438-86, as amended The minimum required number of parking spaces to be provided is 320 (287 resident spaces and 33 visitor spaces). Decision Number A0914/10TEY permitted a reduction in the amount of parking required from 294 spaces to 200 spaces. In this case, 200 parking spaces will be provided (190 resident spaces and 10 visitor spaces).
I heard $900,000 in Section 37 funds was ngegotiated as part of the approval of the variances.
Any word on whether they're squeezing the additional floors into the existing envelope or adding additional height instead?
Section 4 is pretty vague but seems like they have increased the height from the previous approval.
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