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Aquavista at Bayside 
30 Merchants' Wharf, Toronto
Developer: Tridel, Hines


Aquavista at Bayside | 47m | 13s | Tridel | Arquitectonica

Toron

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Moving onwards, want to add address to thread title?

Application: Partial Permit Status: Not Started

Location: 1 EDGEWATER DR
TORONTO ON

Ward 28: Toronto Centre-Rosedale

Application#: 15 176396 STR 00 PP Accepted Date: Jan 5, 2017

Project: Mixed Use/Res w Non Res Partial Permit - Structural Framing

Description: Part Permit - Proposal to construct a 12 storey mixed-use building with 308 dwelling units (80 affordable housing units) with 4 levels of underground parking and commercial at grade.


PP Zoning Review Not Started
Zone - Other Tamondong, Ray

80 affordable housing units?????

who buy them?

couldn't understand exactly what does that mean!
 

DSC

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80 affordable housing units?????

who buy them?

couldn't understand exactly what does that mean!
See: http://www.toronto.ca/legdocs/mmis/2014/te/bgrd/backgroundfile-66484.pdf

Affordable Housing An important policy of the Central Waterfront Secondary Plan is the provision of a full range of housing opportunities in the Central Waterfront including affordable housing. The overall goal for the Central Waterfront is that 25 percent of all housing units be affordable rental housing and low-end-of-market housing.

The East Bayfront zoning by-law requires the provision of not less than 20 percent of the total number of dwelling units as new affordable rental housing units. The Affordable Housing Strategy for East Bayfront, which was incorporated in the Precinct Plan adopted by City Council in 2005, set out how this requirement would be delivered by Waterfront Toronto on public lands, such as the Bayside lands. Waterfront Toronto would provide land sufficient to accommodate the 20% affordable rental requirement generated by the total residential development on their lands. This land is to be ready and available for development, and provided at no cost to the affordable rental provider on a long-term lease basis to ensure ongoing affordability. The City would be responsible for obtaining the necessary funding to develop the affordable rental housing.

In 2010, City Council directed that a Land Development Agreement be entered into for the Bayside Lands which, among other matters, would provide for the option of Waterfront Toronto and their Development Partner meeting a portion of the 20% requirement through an affordable housing pilot project that would mix market units and affordable rental housing in one building.

Council has previously directed that prior to any zoning approvals to permit residential development in the East Bayfront, the City enter into a binding agreement with Waterfront Toronto to secure the provisions of the East Bayfront Affordable Housing Delivery Strategy. This Agreement was executed on March 19, 2013. Among other matters it sets out how Waterfront Toronto and the City will work together to achieve the 20% affordable rental housing on the public lands in East Bayfront, particularly in Bayside and Quayside, the lands just north of Bayside.

The planning framework for Bayside anticipates the development of approximately 1,700 residential units to be developed in 2 phases. The 20% requirement could result in approximately 340 affordable rental units. The proposal is to incorporate an affordable rental pilot project in Phase 1 of Bayside, and to reserve a parcel of land in Phase 2 to achieve the balance of the total affordable rental requirements in Bayside.
Waterfront Toronto, Hines (as the Development Partner) and the City are currently working together to achieve an affordable rental pilot project of more than 70 units on Blocks R3 / R4 in Phase 1. The Land Development Agreement sets out milestone dates for the parties to reach a decision on proceeding with the pilot, which was the subject of a report to City Council at their meeting of November 13-18, 2013. Council gave approval in principle to allocate capital funding for a non-profit affordable rental component to be provided within a larger complex expected to contain several hundred condominium units. If agreement can be reached to provide the affordable rental units, City Council will be asked to give final approval to the proposal and provide the necessary funding by May 31, 2014.

In Phase 2, the lands in R6 will be reserved, and are sufficient to achieve a separate affordable rental building with approximately 255 units, which will meet the balance of the 20% requirement for Bayside. In the alternative, if the pilot does not proceed in Phase 1, then previous City Council approvals provide for the allocation of the A1 and A2 sites in Phase 2, as both would be required to achieve the full 20% requirement.

A key objective is to achieve a good mix of housing tenures and affordability throughout the East Bayfront, as well as within the Bayside neighbourhood. Council's approved Section 37 guidelines also require that the affordable housing be provided in conjunction with the delivery of the market housing. Achieving the pilot project in Phase 1and the balance of the affordable housing in Phase 2 would help to meet both objectives.
The affordable rental housing requirements for Bayside will be secured with the Section 37 Agreement entered into by Waterfront Toronto for each of the 2 phases of the Bayside development. The Agreement for Phase 1 will secure the provision of the land for a minimum of 70 affordable rental units in the form of the pilot project on R3-R4, and reserving the land on R6 in Phase 2 for the remaining balance. It will provide for the alternative of reserving the A1 and A2 sites for affordable rental housing in Phase 2 if the City does not proceed with the pilot project option in Phase 1.

If a decision is made to proceed with the pilot in Phase 1, the Agreement will ensure that any building permit issued for R3-R4 must include the affordable rental housing component. Also, the land for the affordable rental housing in Phase 2 shall be provided, ready and available for development, prior to the issuance of the first above grade building permit for any market units in Phase 2.

A second Section 37 Agreement will be entered into with the non-profit providers of the affordable rental housing in each of the two phases, and registered on title for the affordable rental housing, which will set out the obligations to maintain the units as affordable rental housing, and identify the final details on the number and type of housing units.
 

Edward Skira

http://skyrisecities.com
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The workers still have their Christmas light tree up, perhaps for Ukrainian Christmas which I think is tomorrow?
Orthodox Christmas (not just Ukrainians but most of Eastern Europe).
 

modernizt

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They really did the bare minimum on that mid-block connection. Looks less like a pedestrian connection and more like a loading dock.

(Yes, I know people will insist that it's not fair to judge it when it's incomplete. My response is that no lighting or nice paving or whathaveyou can fix something that is spacially and formally so poorly handled.)
 

modernizt

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The funny thing is how the mid-block connection (a couple photos above) looks nearly identical to the loading dock in how it reads, apart from a higher clearance. Anyways, I digress. I just realized this thread is for Aquavista - too many Aqua names have me confused.
 

Logan

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Hopefully this turns out better than their neighbour.
Funny though - every time I see that Sonos billboard I think it's for a trio of new condos.