jivey80
Active Member
Update on the digging.
2. Emerald Park (NW of Yonge St & Poyntz Ave)
Status: Approved
This application by Bazis calls for two towers, 39 and 30 storeys on a 3 storey commercial podium. It will consist of 565 residential units and over 13,000 sq. m. of non-residential space.
WLHA was prepared to support the application provided the developer was obligated to build what was in their application. Councillor Filion shared the WLHA's concern that the developer could potentially acquire the critical City owned real estate needed to complete the development block, and simply flip the property to another developer who could apply to build something totally different and likely less desirable. An innovative agreement to structure this safeguard was put in place by the city. The development was conditional on the sale of a city-owned laneway to the developer. The developer was able to purchase the laneway from the city on the condition that it will build exactly what it planned to build. As part of the development proposal, the community will benefit from a new community centre paid for by the developer, to be built as part of a new Lansing United Church on the site of the current church. As of May 6, 2011 the City was still reviewing the application and building permits have NOT been issued. Councillor Filion did confirm the developer has paid the City for development work on Lansing United Church as agreed in exchange for density rights. WLHA will continue closely to monitor applications of the Church and Emerald Park and forward information as it becomes available.
link to developer's website