Toronto 2908 Yonge | 47.85m | 13s | First Avenue

[Automation Gallery]

Future development coming to this location......https://goo.gl/maps/8iKSvs7QPxt

2908 YONGE ST
Ward 16 - North York District

Proposed Use --- # of Storeys --- # of Units ---
Applications:
Type Number Date Submitted Status
Rezoning 17 277147 NNY 16 OZ Dec 19, 2017 Application Received

 

[DonValleyRainbow]

 

[mikejb]

That site will be contaminated up the wazoo. Do we know who acquired the site?

 

[someMidTowner]

13 storeys

 

[Rupert Pumpkin]

View attachment 130827

View attachment 130826

Agreed, but there are several sites throughout the City that are heavily contaminated and have been developed. Just look at Lake Shore East.

 

[Automation Gallery]

Don't get it?, why is this heavily contaminated....a gas station

 

[someMidTowner]

Don't get it?, why is this heavily contaminated....a gas station

You just answered your own question. Gas stations = likely soil contamination

 

[Automation Gallery]

You just answered your own question. Gas stations = likely soil contamination

Yeah, a small percentage that any developer can deal with, hardly heavily

 

[Rupert Pumpkin]

You just answered your own question. Gas stations = likely soil contamination

Lol safe to say that was sarcasm from AG.

 

[Rupert Pumpkin]

Yeah, a small percentage that any developer can deal with, hardly heavily

A gas station doesn't mean the site can't be developed on...it just means they will likely need a remediation. The RSC/RA process will definitely take longer but it depends on the Developer's schedule for this one.

 

[Lenser]

Gas stations and autobody shops can take an awful long time to redevelop. Remediation costs are a very big factor - they're a big up-front investment and the parties involved often balk at the process of cleaning up. It can be relatively quickly solved, yes - but it can also sit idle for years on end. It might be daunting for those smaller developers who have thinner margins or less working capital to play with, for example.

 

[Rupert Pumpkin]

Gas stations and autobody shops can take an awful long time to redevelop. Remediation costs are a very big factor - they're a big up-front investment and the parties involved often balk at the process of cleaning up. It can be relatively quickly solved, yes - but it can also sit idle for years on end. It might be daunting for those smaller developers who have thinner margins or less working capital to play with, for example.

I completely agree with you. I would expect that remediation costs are considered in the selling price of the property. Like I said above, it all depends on the Developer's timeline.
This site may have even greater environmental issues as it is surrounded by parkland.....I can see an extensive delineation program required beyond their property boundaries.

 

[PMT]

Developers are First Avenue Properties and Latch Developments, architect is RAW Design:

 

[Rupert Pumpkin]

13-storey mixed-use with 4,500 ft2 of retail space.

 

[PMT]

Recommended for refusal: https://www.toronto.ca/legdocs/mmis/2018/ny/bgrd/backgroundfile-113370.pdf