Amortization

A development application recently filed with the City of Toronto is seeking to transform a two-storey commercial and retail strip plaza into a 39- and 36-storey mixed-use project that would deliver over 900 residential units to the Yorkdale-Glen Park neighbourhood. The plans were filed in late July on behalf of Tonlu Properties in favour of an Official Plan and Zoning By-law Amendment application.

If approved, the development would require the demolition of the existing strip plaza, which is currently occupied by several at-grade businesses with six residential rental units above, which are proposed to be replaced. Once complete, the project would contain 899 condo units, with the remainder being rental replacement units, alongside 8,105 sq. ft of retail space at grade.

An eye-catching new condo tower has been proposed for a North York site that has a development history going back to the late 1990s, but has long sat vacant. The latest plans filed on behalf of a numbered company — 1000967286 Ontario Ltd. — call for the land to be intensified with a 35-storey building.

The site was first eyed for development over 25 years ago, when the formerly larger parcel containing a 17-storey apartment was split in two, making the vacant lands to the east their own separate lot with the goal of developing an 11-storey residential building on the new site. Between then and 2007, subsequent applications brought the height up to 16 storeys with 150 units, which was then approved by City Council that year. Now, the new owner is seeking a Zoning Bylaw Amendment to more than double the previously approved height, resulting in a total of 331 condo units and 244,491 sq. ft of gross floor area.