Madison Group has tabled a settlement offer for a rezoning proposal at 2500 Yonge just north of Toronto’s Yonge and Eglinton intersection. Initially proposed as a redevelopment of the entire block spanning from Yonge Street to Duplex Avenue along Castlefield Avenue, the revised plan has had its floor plate reduced to only include a small portion of the GreenP parking lot, which would be obtained through a land swap with the City. With this reduction in size has come a reduction in height, from 21 storeys to 14, limiting a shadowing effect on the east side of Yonge Street.
The revised plans include a further retention of the Capitol Theatre heritage façades, restoring the marquee and original ticket booth. A pedestrian colonnade has been included on the north end of the site running east-west between Yonge Street and Orange Hall laneway. The Yonge Street frontage will house 8 separate retail units, retaining the fine-grained character of the existing streetscape. Above, the building will step back 3 metres from the heritage facade, before stepping back again at the 8th level and above.
172 condo units are proposed in this version, reduced 54% from the previous proposal. With an intended mix of 34 one-bedroom 119 two-bedroom and 19 three-bedroom units, the development will cater more towards family sized units, with the two-bedroom average size reaching 962 ft².
Designed by Turner Fleischer Architects, the materiality of the building has changed considerably since the last submission, with the podium levels framed in a white, stone-like precast material and the upper levels terraced with continuous rows of balconies.
Additional information and images of the earlier design can be found in our database file for the project, linked below. Want to get involved in the discussion? Check out the associated Forum thread, or leave a comment in the field provided at the bottom of this page.
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