More density for the Yonge street area
Condo plan for major downtown Toronto site may include a park
A developer that has just beat out a number of rivals to buy a much-coveted piece of land on Wellesley Street West near Yonge Street is now in talks with the city about scaling down its condominium plans to make room for a park.
As a result, Toronto Councillor Kristyn Wong-Tam is now confident her long-held desire to see this particular parcel of land become home to some sort of green space, something local residents have also pushed hard for, will be realized.
Now Lanterra is planning to submit an application to the city this week to obtain about 950,000 square feet,
enough space for two condo towers. But Mr. Fenton and Ms. Wong-Tam are in talks about doing something different on the site.
“We are in fluid discussions with the city councillor, and the game plan is to see if we can work something out over the next few months that provides more of a park concept with one tower, and that’s something that we would look to do,” Mr. Fenton said.
More.........
http://www.theglobeandmail.com/news/...ticle10052382/
From City Planning today...
11 WELLESLEY ST W
OPA / Rezoning 13 138607 STE 27 OZ Ward 27
- Tor & E.York Mar 21, 2013 --- --- --- ---
Rezoning application for a mixed-use development consisting of two residential towers at 45 and 54 storeys in height with a 9-10 storey podium. The development will have a total gross floor area of 90700 square metres and will feature 1304 dwelling units above a 1 storey of street-related retail space. The development will incorporate and frame the proposed public park.