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A recent OMB (Ontario Municipal Board) hearing has determined the fate of a new twin-towered high-rise condominium development proposed for the intersection of Redpath and Broadway, just north of Eglinton Avenue and east of Yonge. Owned by Sentinel (Broadway) Holdings Inc., the site is an assembly of properties made up of a low-rise rental apartment building, a small parking lot and two single-family homes. A third single-family home occupying the corner of the intersection, 93 Broadway, will not be included in the redevelopment.
The original proposal, which was submitted to the City in March 2012, called for two towers rising to 38 storeys from an 8-storey podium. Over a year later, an appeal was launched to the OMB and several months after that, the owners of the property resubmitted plans for a scaled back development featuring a reduction in height for the towers, from 38 to 34 storeys and a one-storey reduction in height for the podium.
After deliberation, the OMB moved in late July to amend the existing by-law for the site to allow for the scaled back development. The only major stipulation is that the complex should be in accord with what was presented to the Board at the hearing. The Board will issue the requisite order once the final format of the by-law is agreed to, with the developer and City expected to reach a final agreement on outstanding section 37 matters within two months of the July 17th hearing date.
As with all new developments that involve the demolition of existing rental housing, the owners are required to replace the existing 32 rental units, and to carry out a tenant relocation and assistance plan as part of the development's section 37 contribution.
We will be keeping an eye on this development, and will be sure to return with updates as more information emerges. In the meantime, you can join in the discussion by heading over to our associated Forum thread, or by leaving a comment in the space provided at the bottom of this page.
