Item - 2024.PB15.10

The Toronto Preservation Board forwarded this item to City Council without recommendations.

Georgia Kuich, Planner, Urban Design, Heritage Planning, City Planning gave a presentation on 49 and 51 Yonge Street - Alterations to Heritage Properties, Demolition of Heritage Attributes and Authority to Enter into a Heritage Easement Agreement.

This report recommends that City Council approve the alterations and demolition proposed for the heritage properties at 49 and 51 Yonge Street under Section 33 and Section 34(1)1 of the Ontario Heritage Act in conjunction with a Zoning By-law Amendment application which has been appealed to the Ontario Land Tribunal.

The application proposes the redevelopment of the site by constructing a 62-storey mixed-use building on the properties with commercial and office uses maintained within the heritage buildings. The Yonge Street and Wellington Street exterior walls will be retained in situ.

The proposed development is consistent with the relevant provincial and municipal policies, except for the demolition of the interior attributes. Despite the proposed demolition of heritage attributes, staff are of the opinion that the cumulative impacts to the heritage resources on the site are appropriately mitigated through the overall conservation strategy in the context of the settlement of the Zoning By-law Amendment application appeal.