Item - 2020.TE20.2

The Toronto and East York Community Council recommends that:

1. City Council amend Zoning By-law 249-2020, for Phase 2 of the 1-7 Yonge Street development to remove the holding provisions "(H)" substantially in accordance with the draft Zoning By-law Amendment attached as Attachment 1 to the report (October 19, 2020) from the Director, Community Planning, Toronto and East York District.

2. City Council authorizes the City Solicitor to make such stylistic and technical changes to the draft Zoning By-law Amendment(s) as may be required.

The Toronto and East York Community Council held a statutory public meeting on November 10, 2020 and notice was given in accordance with the Planning Act.

This application proposes to lift the holding provisions "(H)" for Phase 2 of the 1-7 Yonge Street development. The "(H)" for Phases 3-5 of the 1-7 Yonge Street development will continue to apply.

The lifting of the "(H)" for Phase 2 will permit the development of a 95 storey (294.2 metre) mixed-use building with 79,728 square metres of residential gross floor area (GFA), 16,795 square metres of hotel GFA, 763.33 square metres of retail GFA, and 534 square metres of non-residential GFA (including the PATH connection) as previously approved by way of Local Planning Appeal Tribunal (LPAT) Settlement. For Phase 2, the "(H)" requires the clearance of a number of conditions related to the planned transportation network, servicing, parkland and public realm infrastructure within the Lower Yonge Precinct, which have been further outlined below. These conditions have now been satisfied by the landowner.

The proposed development is consistent with the Provincial Policy Statement (2020) and conforms with A Place to Grow: Growth Plan for the Greater Golden Horseshoe (2020).

This report reviews and recommends approval of the application to amend the Zoning By-law.