Toronto Pinnacle One Yonge | 345.5m | 105s | Pinnacle | Hariri Pontarini
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Superstar
These pics by Marcanadian also shows you how things could be so different in 10 years
Friday:
YTZ - YOW by Marcus Mitanis, on Flickr
YTZ - YOW by Marcus Mitanis, on Flickr
YOW - YTZ by Marcus Mitanis, on Flickr
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Superstar
I guess this guy is hoping
.................http://www.thestar.com/business/real_estate/2015/09/25/two-ends-of-a-boom-town.html
Bedford holds out hope that even if an appeal moves ahead, it will be a replay of what happened at the OMB in 1999 on an application to build a Home Depot on Cherry St.
The OMB sided with city planners that the application be rejected until the city could complete its precinct plan for the area.
City planners are scrambling to do that now with what’s called the Lower Yonge Precinct plan, laying out a vision for what will be allowed, and how it will all tie together, on those three critical waterfront area sites.
But there is a problem: Pinnacle has already appealed to the OMB to review its proposal. A hearing is set for December. Should the OMB decide to go ahead with a full hearing on Pinnacle’s plan, the city’s precinct plan could effectively be moot.
And that would have major implications for what the city hopes to achieve on the bigger LCBO site.
So far, planners say, Pinnacle has shown that it’s serious about negotiating, rather than bulldozing its way through the OMB, although how much longer it’s prepared to keep negotiating won’t be clear until the December hearing.
______________________________________________________________________
The audacious minicity being proposed for the foot of Yonge St. by Vancouver-based developer Pinnacle International is the condo project to watch in the coming year.
The public discussion will be about how many towers — and how high — Pinnacle can build on the 2.7-hectare site at Toronto’s waterfront, on lands surrounding the Toronto Star building.
Under its latest proposal, which is still being reworked, Pinnacle hopes to build five residential and office towers around the Star’s 25-storey tower — the tallest of them a 95-storey condo building abutting the Gardiner Expressway.
But the most interesting debate has been going on behind the scenes for more than two years now. It’s between Pinnacle, the City of Toronto and their planning partner, Waterfront Toronto. The three organizations have been trying to hammer out a deal for One Yonge that will create a bigger master plan for northerly Queens Quay over to Jarvis St. and won’t be overruled by the Ontario Municipal Board (OMB.)
“This is a great address. It’s probably the most recognized street, even for people outside Toronto,” said Pinnacle’s vice-president of sales, Anson Kwok. “We’re here to build a great community.”
The architect of the One Yonge site, the well-respected David Pontarini, says he’s aiming to create “a landmark” at One Yonge and that 95 storeys is in keeping with nearby towers in the core, such as the 92-storey Frank Gehry/David Mirvish project proposed for King St. W.
“There are certainly arguments for having tall buildings on Yonge St. We’ve been working hard with Pinnacle because this is a significant site and there’s no question it can accommodate a lot of development,” said senior city planner Gregg Lintern, director of community planning for Toronto and East York District.
“But how much and how it’s done needs to be looked at in a bigger context,” Lintern said. “How much are these towers going to enclose the public realm; will there be views (of the waterfront) through these buildings? The idea is to build complete communities and, as far as I’m concerned, the OMB should be equally concerned about that.”
In time, some 15,000 people could be living and another 13,000 working at the foot of Yonge and along easterly Queens Quay to Jarvis St., a nine-hectare area called the Lower Yonge Precinct.
That includes the 4.5-hectare LCBO site — the province is down to a shortlist of three potential buyers for that sprawling site — and the Loblaws at Jarvis, which is expected to be redeveloped in time.
“Yonge St. is our most important street. This is where it all begins,” said retired city planner Paul Bedford, an occasional member of a joint city and Waterfront Toronto design panel that held a public review of the Pinnacle plan in mid-September.
“But it’s important to set the table before you cook the dinner.”
.................http://www.thestar.com/business/real_estate/2015/09/25/two-ends-of-a-boom-town.htmlBedford holds out hope that even if an appeal moves ahead, it will be a replay of what happened at the OMB in 1999 on an application to build a Home Depot on Cherry St.
The OMB sided with city planners that the application be rejected until the city could complete its precinct plan for the area.
City planners are scrambling to do that now with what’s called the Lower Yonge Precinct plan, laying out a vision for what will be allowed, and how it will all tie together, on those three critical waterfront area sites.
But there is a problem: Pinnacle has already appealed to the OMB to review its proposal. A hearing is set for December. Should the OMB decide to go ahead with a full hearing on Pinnacle’s plan, the city’s precinct plan could effectively be moot.
And that would have major implications for what the city hopes to achieve on the bigger LCBO site.
So far, planners say, Pinnacle has shown that it’s serious about negotiating, rather than bulldozing its way through the OMB, although how much longer it’s prepared to keep negotiating won’t be clear until the December hearing.
______________________________________________________________________
The audacious minicity being proposed for the foot of Yonge St. by Vancouver-based developer Pinnacle International is the condo project to watch in the coming year.
The public discussion will be about how many towers — and how high — Pinnacle can build on the 2.7-hectare site at Toronto’s waterfront, on lands surrounding the Toronto Star building.
Under its latest proposal, which is still being reworked, Pinnacle hopes to build five residential and office towers around the Star’s 25-storey tower — the tallest of them a 95-storey condo building abutting the Gardiner Expressway.
But the most interesting debate has been going on behind the scenes for more than two years now. It’s between Pinnacle, the City of Toronto and their planning partner, Waterfront Toronto. The three organizations have been trying to hammer out a deal for One Yonge that will create a bigger master plan for northerly Queens Quay over to Jarvis St. and won’t be overruled by the Ontario Municipal Board (OMB.)
“This is a great address. It’s probably the most recognized street, even for people outside Toronto,” said Pinnacle’s vice-president of sales, Anson Kwok. “We’re here to build a great community.”
The architect of the One Yonge site, the well-respected David Pontarini, says he’s aiming to create “a landmark” at One Yonge and that 95 storeys is in keeping with nearby towers in the core, such as the 92-storey Frank Gehry/David Mirvish project proposed for King St. W.
“There are certainly arguments for having tall buildings on Yonge St. We’ve been working hard with Pinnacle because this is a significant site and there’s no question it can accommodate a lot of development,” said senior city planner Gregg Lintern, director of community planning for Toronto and East York District.
“But how much and how it’s done needs to be looked at in a bigger context,” Lintern said. “How much are these towers going to enclose the public realm; will there be views (of the waterfront) through these buildings? The idea is to build complete communities and, as far as I’m concerned, the OMB should be equally concerned about that.”
In time, some 15,000 people could be living and another 13,000 working at the foot of Yonge and along easterly Queens Quay to Jarvis St., a nine-hectare area called the Lower Yonge Precinct.
That includes the 4.5-hectare LCBO site — the province is down to a shortlist of three potential buyers for that sprawling site — and the Loblaws at Jarvis, which is expected to be redeveloped in time.
“Yonge St. is our most important street. This is where it all begins,” said retired city planner Paul Bedford, an occasional member of a joint city and Waterfront Toronto design panel that held a public review of the Pinnacle plan in mid-September.
“But it’s important to set the table before you cook the dinner.”
carrythezero
New Member
The OMB prehearing for this site has been scheduled for December 11.
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Superstar
So i guess the city never reached a settlement, shame
Skeezix
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Once the application has been appealed, it needs to go to the OMB regardless of whether or not there is a settlement. The holding of a prehearing does not preclude the City and the developer making a deal here, on all or some of the issues.
DSC
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Not necessarily, once someone puts in an appeal to OMB the Board has to approve any settlement so the process continues, for a while.So i guess the city never reached a settlement, shame
The OMB hearing may end up being where a deal between Pinnacle and the City is ratified, if in fact there is one. If there's no deal, the OMB will weigh the cases.
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caltrane74
Senior Member
looking forward to seeing the outcome here.
NBGtect
Active Member
It can be settled at any time, before or during the Hearing. The OMB prefers that and encourages resolutions. The Chairs would much rather play golf or go skiing.
stjames2queenwest
Senior Member
Any news on this yet today?
innsertnamehere
Superstar
you aren't going to get any news for quite a while. It was just a prehearing, for all we know they just did a bit of negotiating without really reaching a resolution, and there would be no news. Certainly not going to get a ruling.
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Superstar
So i assume these meetings are all done behind closed doors with no general public?
maestro
Senior Member
It's usually a meet and greet. Parties are identified and their concerns brought forth.
I believe the pre-hearings, like the hearings themselves, are open to the public. They are for identifying everyone who wants status at the hearing, whether as a party, or as a participant. (Participants are those who want to speak, while parties are also granted the right to question any participant. Parties are typically the developer, the City, and any concerned groups such as a residents association, and they normally have a lawyer representing them.) The parties are all asked when they will be able to present their case, usually in several months time, to give them time to line up everyone who will represent them, including the expert witnesses they will need to argue on their behalf. Hearing dates are decided upon based on the promised availability of all parties.
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