Toronto 2444 Yonge Street | 114.27m | 31s | First Capital | Hariri Pontarini

[DonValleyRainbow]

97.85m. This one misses The 100m List.

 

[Creation6]

Mediocre architecture. Disappointing from aA. Though the massing seems designed as an opening move for ZBA negotiations rather than a fully baked design. However this will have to change with the designations of 2430 & 2434-2436 Yonge St. at Council today.

Intriguing site plan especially mid-block landscaped open spaces. Simple design but a lot of trees, seating, etc. Deep setback on Roselawn. Would guess those townhomes will be removed for an eventual on-site parkland dedication.

Huge retail plate on the second floor (50,622 SF). First floor (33,109 SF) is a bit chopped up but still big.

Has this developer actually built anything?

 

[Momin]

Update:

Six months before an application was filed with the City of Toronto, the Midtown site at the southwest corner of Yonge and Roselawn was already a wellspring of controversy. In January of this year, the demolition of a 110-year-old Bank of Montreal building that occupied the 2444 Yonge Street site drew criticism from the Midtown community and City Planning, putting the site—and developer Main and Main—into the spotlight long before plans for the development came online.

 

[jje1000]

Did they assign the remaining buildings as heritage yet?

 

[Midtown Urbanist]

I am usually adamantly for intensification of sites. I would rather have kept the bank building over this proposal.

 

[Tulse]

Did they assign the remaining buildings as heritage yet?

I wonder if one way around these issues is to require that any building over a certain age automatically acquire provisional heritage designation, and thus need an explicit process to de-designate, rather than the reverse as it is now.

 

[Midtown Urbanist]

I wonder if one way around these issues is to require that any building over a certain age automatically acquire provisional heritage designation, and thus need an explicit process to de-designate, rather than the reverse as it is now.

Unfortunately, that would be abused in an instant.

 

[jje1000]

Could be an interesting one- though it will probably require an inventory and database of all buildings in the city (to figure out how old certain buildings are).

 

[Tulse]

Could be an interesting one- though it will probably require an inventory and database of all buildings in the city (to figure out how old certain buildings are).

I'm proposing instead that the onus is on the developer to demonstrate the buildings to be demolished aren't older than the date specified. In other words, the city doesn't have to maintain an explicit database.

 

[Midtown Urbanist]

I'm proposing instead that the onus is on the developer to demonstrate the buildings to be demolished aren't older than the date specified. In other words, the city doesn't have to maintain an explicit database.

Hmm, outsourcing the onus of heritage designation to the private sector?

 

[Tulse]

Hmm, outsourcing the onus of heritage designation to the private sector?

In a sense -- more like pre-emptively preventing developers of taking advantage of an overworked city, and making heritage issues more transparent.

 

[drum118]

Aug 17
Sign said 2400-2440 Yonge St For 27s + 23s + 6 3s Townhouse with a 9s Podium 2400-2444 Yonge St (Main and Main, 27s + 23s + 6 3s Townhouses, ?)

 

[PMT]

Recommended for Refusal: http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2017.NY26.6

 

[UrbanAffair]

https://renx.ca/first-capital-buys-dozen-properties-starts-redevelopments/



Roselawn assembly, Yonge and Eglinton, Toronto
The most significant purchase is a land assembly at Yonge Street and Roselawn Avenue. First Capital currently owns 37.5 per cent of the site through its ownership interest in Main & Main Urban Realty LP and will acquire the remaining 62.5 per cent for approximately $71.9 million (excluding closing costs). First Capital’s total acquisition cost for the assembly will be approximately $102 million.

The property consists of 2.1 acres of mixed-use development land in the heart of the Yonge & Eglinton neighbourhood, a high-growth node well served by public transportation and amenities. First Capital plans a residential and retail redevelopment due to the site’s proximity to both the TTC Yonge-University Subway and the future Eglinton Crosstown LRT.

It currently has approximately 70,000 square feet of retail space and 122 parking stalls which provide holding income. Closing, which is subject to normal conditions, is expected in late 2018.

 

[Yegger]

the audacity of this proposal... According to the refusal report, the city thinks a 27m building is appropriate at this location vs. the 90+m the applicant has proposed. Not to mention the applicant has completed foregone the on-site parkland dedication of 27m x 27m that the City is pushing for at the southwest corner of Yonge St and Roselawn Ave.