70Challenger
Active Member
I appreciate that the existing structure is being integrated and just made to look nicer, as it's important to reduce material waste.
- Thread starter AHK
- Start date
ProjectEnd
Superstar
Yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeesh...
The look nicer part is debatable, but yeah, the reuse of the existing (base) building is laudable.
42
Northern Light
Superstar
To inform the exchange of views above........a reminder about the appearance of the current building:
One of points that will likely be a little sticky here is that the tower floors appear to have ~ 916 sq m floor-plates, and in such a tight area, I'm wondering if Toronto Planning will just laugh at them looking for more than the standard 750 sq m floor-plate. That would still result in a rectangular floor-plate due to the narrowness of it... so still a little slab-like. I just will be surprised if Planning allows this.
42
42
Amare
Senior Member
Well I mean it is Peter St, the rest of the street is already a write off and soulessly depressing with pretty bad builds. There's nothing that can save it, so with that being said i've got no problem with this one.
Skyhighzz
Active Member
Promising
HousingNowTO
Senior Member
Community Consultation Meeting Rezoning application 111 Peter Street
SCHEDULED for Tuesday, January 21, 2025 6:00 PM - 7:30 PM Eastern Time (US & Canada)"Zoning By-law Amendment for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852 residential units, 24 of which will be affordable rentals, while maintaining the existing office building."
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Noting, for the record - that 24 of 852 units is an approx. 3% of units deal - with no details on the unit types or the years of affordability in the agreement.
Also, would be more interested / supportive if this was looking at RENTAL tenure rather than Condo in 2025.
Application Details
www.toronto.ca
First resubmission here -- mostly technical -- with the only stat change of note being a decrease in bicycle parking from 989 to 978.
Notice of Complete Application has been issued.
Northern Light
Superstar
Decision Report - Approval Recommended, to the next meeting of TEYCC:
@interchange42 noted the floorplate issue........ they are actually 990m2, and the report allows them in full.
The closest separation distance is only 19M.......surprised that Susan signed off on that............more surprised Cary did.
From the report:
@interchange42 noted the floorplate issue........ they are actually 990m2, and the report allows them in full.
The closest separation distance is only 19M.......surprised that Susan signed off on that............more surprised Cary did.
From the report:
Kkviolet
New Member
Hi, does this mean this proposal will likely be approved as final decision? The TEYCC is the final step? Sorry I am not very familiar with this process…but I think the proposal itself doesn’t make sense at all, there are already four buildings nearby…….
Thanks!
RickyBobby
Active Member
Yes
Northern Light
Superstar
Yes, this is likely. Though, it could be deferred or amended at either TEYCC or at City Council.
No. City Council is the final step; assuming its approved there.
No worries, you learn by asking!
It doesn't make sense. LOL....... I'm not sure why Planning is agreeable.
I'm not convinced this will be built. Its certainly possible...... but there are definite constructability issues given the surrounding context.
@ProjectEnd may have insight on that latter point.
Certainly, this doesn't feel like something that would be prioritized in the current market, to me.
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ProjectEnd
Superstar
Capital are generally trustworthy. There's a good chance this will go ahead as rental in the short term. That said, Capital aren't the owners here, they're DMing on behalf of iA Financial who, end of day, are calling the shots.
Kkviolet
New Member
Thank you so much, @Northern Light, actually city council just adopted today with one motion carried from TEYCC, though it’s preliminary decision for now.
Do you happen to know, normally, after city council “approves”, will the construction start immediately? I am actually one of the nearby residents that’s why I am kind of curious, and I am really sad that this got approved……..but it’s what it is……
Thanks!