On September 17, 2021, KingSett Capital, 475 Yonge Street, submitted applications for an amendment to the official plan, amendment to the bylaws, and approval of the ground plan for the City of Toronto. The applications are part of a proposal to build two 75- and 78-story towers on the site.
The place is located on the east side of Yonge Street, one block north of College / Carlton Street. The site occupies an entire block bounded by Alexander Street to the north, Wood Street to the south, Courtyard Lane to the east and Yonge Street to the west. The site is currently home to the Courtyard Marriott Hotel, which consists of two 9- and 16-storey towers connected by a 1-storey podium, all of which would be demolished to make way for the new development.
Approval for two 45- and 58-story towers was obtained for the site in 2017. Documents submitted to the city as part of the new application say the applicant reconsidered the site’s potential given updated policy guidelines and the evolving context of the area since 2017.
Under the new plan designed by the BDP Quadrangle, the two towers would have podiums that would be 6 stories high along Yonge Street, and would go down to 5 and then 4 floors as a gradual transition to a proposed 1,348m² rectangular public park at the rear of the site. A POPS (privately owned public space), 1,258 m in area would be located between the two towers and would provide an entrance from Yonge Street to the proposed park. Together, POPS and public park make up 43% of the site.
Proposed setbacks would secure widths of 6 feet of sidewalks along Yonge Street, Alexander Street and Wood Street. The ground floor along Yonge Street would consist of street-facing retail.
Both towers would begin on the 7th floor of the western half of the site and on the 5th floor of the eastern half of the site, stepping back from the base building on all sides 3 meters and 7.5 meters from Yonge Street. The 75-storey tower, located on the northwestern part of the site, would step a further 3 meters back from the west over the 56th floor and a further 3 meters above the 67th floor. The 78-storey tower in the southwestern part of the site would step back 3 meters from the west over the 59th floor and a further 3 meters above the 70th floor.
There would be a minimum distance of 26.1 meters between the towers.
The development will include a total of 1,611 residential units consisting of 270 studios (17%), 911 one-bedroom (56%), 269 two-bedroom (17%) and 161 units with three bedrooms or more (10%).
The development will include 118,382 m² gross area and a proposed density of 19.6 times the area of the plot. 209 parking spaces for cars would be located in a 4-storey underground garage, and the development would also include 1,936 bicycle spaces.
You can learn more from our database file for the project linked below. If you wish, you can join the conversation in the associated Project Forum thread or leave a comment in the space on this page.
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BDP Quadrangle, Ferris + Associates Inc.