Item - 2025.TE23.26

The Toronto and East York Community Council: 

1. Deferred consideration of the Item until the July 8, 2025 meeting of the Toronto and East York Community Council.

As the Toronto Transit Commission (TTC) operates a transit service on Yonge Street, City Council approval of this report is required.

Mizrahi Development Group (The One) Inc. (the "developer") is currently the owner of a mixed-use development at 1 Bloor Street West (Mizrahi Project). The site is located on the southwest corner of Yonge Street and Bloor Street West. The development will consist of an eight-storey high retail podium and an 86-storey high residential tower.

By way of background, Toronto and East York Community Council, at its meeting on November 25 and 26, 2020, approved the construction staging area on Balmuto Street from November 30, 2020 to November 30, 2022. In a separate meeting on March 10, 2021, Toronto and East York Community Council approved an extension of the construction staging areas on Yonge Street and Bloor Street West from September 1, 2020 to December 31, 2021. In a meeting on December 14 and 15, 2022, City Council approved an extension of the construction staging areas on Yonge Street, Bloor Street West and Balmuto Street, from December 14, 2022 to March 31, 2023. At the time, the developer indicated they would require the staging areas until June 30, 2025.

At its meeting on March 29, 2023, City Council approved an extension of the construction staging areas on Yonge Street, and Bloor Street West, from April 1, 2023 to June 30, 2025, however for Balmuto Street an extension was approved for only one year from April 1, 2023 to April 1, 2024. At a later meeting on July 24 and 25, 2024, City Council approved an extension request for the construction staging area on Balmuto Street from August 1, 2024 to February 1, 2026.

The developer is now requesting an extension for the duration of the construction staging on Yonge Street, as the development has experienced delays due to the project going into receivership and has undergone a transition of both development manager and construction manager.

Transportation Services is requesting authorization to extend the duration of the construction staging area on Yonge Street for an additional 36 months, from June 30, 2025 to June 30, 2028 to allow for the construction of the development to be completed. It should be noted that the temporary covered and protected walkways within the closed southbound curb lane on Yonge Street and eastbound curb lane on Bloor Street West have been removed. Currently, pedestrian movements are maintained within the existing sidewalks, abutting the site.