Item - 2025.PH18.1

The Planning and Housing Committee recommends that:

1. City Council amend City of Toronto Zoning By-law 569-2013 for the lands municipally known as 267-275 Merton Street substantially in accordance with the draft Zoning By-law Amendment included as Attachment 5 to the report (January 10, 2025) from the Executive Director, Development Review.

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

3. City Council approve that the Applicant shall design, construct, and deliver as part of the development, parkland in base and above-base condition, lands located along the west side of the site and to serve as a connection between Merton Street and the Key Gardner Beltline Trail, to the satisfaction of the General Manager, Parks and Recreation and the City Solicitor.

4. City Council approve the acceptance of the lands for public park purposes subject to the lands being free and clear, above and below grade, of all easements, encumbrances, and encroachments, in an acceptable environmental condition, save and except for the underground garage; the owner may propose the exception of encumbrances of tiebacks, where such an encumbrance is deemed acceptable, all to the satisfaction of the General Manager, Parks and Recreation, in consultation with the City Solicitor.

5. City Council request the General Manager, Parks and Recreation to enter into a Maintenance Agreement with the Applicant (or their heirs or assigns) for the duration of the lease for the ongoing maintenance and upkeep of the parkland and the maintenance obligations shall be finalized via separate agreement to the satisfaction of the General Manager, Parks and Recreation.

The Planning and Housing Committee held a statutory public meeting on January 23, 2025, and notice was given in accordance with the Planning Act.

This report reviews and recommends approval of an application to amend the Zoning By-law to permit a 128-metre (40 storeys), excluding the mechanical penthouse, mixed-use, purpose-built rental building, containing 494 dwelling units, of which 148 (30 percent) will be affordable rental units. A total gross floor area of 32,000 square metres is proposed, including a minimum of 100 square metres and a maximum of 300 square metres of grade-related non-residential gross floor area. A new on-site encumbered park will also be featured within this development proposal.

This project is the result of a development partnership between the City and the applicant to provide new affordable rental units in support of the City's HousingTO 2020-2030 Action Plan ("HousingTO Plan") to approve 65,000 rent-controlled homes within complete communities. The development partnership is the result of negotiations led by CreateTO in consultation with Corporate Real Estate Management and the Housing Secretariat.