sunnyraytoronto
Senior Member
Pretty prime location in NYCC, wonder if First Capital will go with mixed-use including office space or just condos with retail. They should be able to easily go 40+ storeys here.
This site is within North York Centre Secondary Plan area:
- where there is generally a 100m height limit (usually 30 storey) and 4.5 FSI density limit
- sites near major intersections with direct subway connection may be granted more height (up to 160m like HullmarkCentre, 4800 Yonge, Emerald Park, Gibson Square) and up to 6.0 FSI density by paying a higher rate of Section 37 Community Benefit for the portion above 100m height & 4.5FSI density.
That said, this site does not have direct subway connection; thus, limited by City to 4.5FSI density & 100m height which usually have about 30 storey,.... unless they start cutting ceiling height to fit in more storeys! Developer might be able to get slightly more height & density at OMB,... but 40+ storey here is highly unlikely