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On Sept 17, 2021, applications for Official Plan Amendment, Zoning By-law Amendment and Site Plan Approval were submitted to the City of Toronto by KingSett Capital for 475 Yonge Street. The applications are part of a proposal to construct two towers of 75 and 78 storeys on the site.
The site is located on the east side of Yonge Street, one block north of College/Carlton Street. The site occupies an entire block bounded by Alexander Street to the north, Wood Street to the south, Courtyard Lane to the east and Yonge Street to the west. The site is currently home to the Courtyard Marriott Hotel, consisting of two towers of 9 and 16 storeys connected by a 1-storey podium, all of which would be demolished to make way for the new development.
Approval for two towers of 45 and 58 storeys was obtained for the site in 2017. Documents submitted to the City as part of the new application say the applicant reconsidered the site’s potential given updated policy directions and the evolving context in the area since 2017.
Under the new plan designed by BDP Quadrangle, the two towers would have podiums that would be 6 storeys tall along Yonge Street, and would step down to 5 and then 4 storeys as a gradual transition to a proposed 1,348m² rectangular public park at the rear of the site. A POPS (Privately-Owned Publicly accessible Space), 1,258 m² in area would be located between the two towers, and would provide an entrance from Yonge Street to the proposed park. Taken together, the POPS and public park make up 43% of the site.
Proposed setbacks would ensure 6-metre sidewalks widths along Yonge Street, Alexander Street and Wood Street. The ground floor along Yonge Street would consist of street-facing retail.
Both towers would begin at the 7th floor on the western half of the site and at the 5th floor on the eastern half of the site, stepping back from the base building on all sides by 3 metres and 7.5 metres from Yonge Street. The 75-storey tower, located on the northwest portion of the site, would step back an additional 3 metres from the west above the 56th floor, and by another 3 metres above the 67th floor. The 78-storey tower, at the southwest portion of the site, would step back 3 metres from the west above the 59th floor and by another 3 metres above the 70th floor.
There would be a minimum separation distance of 26.1 metres between the towers.
The development would contain a total of 1,611 residential units, comprised of 270 studios (17%), 911 one-bedrooms (56%), 269 two-bedrooms (17%), and 161 units of three bedrooms or more (10%).
The development would include 118,382m² of gross floor area and a proposed density of 19.6 times the area of the lot. 209 vehicle parking spaces would be located in a 4-level underground garage, and the development would also feature 1,936 bicycle spaces.
You can learn more from our Database file for the project, linked below. If you'd like, you can join in on the conversation in the associated Project Forum thread, or leave a comment in the space provided on this page.
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| Related Companies: | Aercoustics Engineering Ltd, BDP Quadrangle, Bousfields, Entuitive, Ferris + Associates Inc., Grounded Engineering Inc., Mulvey & Banani, RWDI Climate and Performance Engineering |
