Extremely clean, well done. This is exactly the kind of solid, background density streets like Queensway needs (but Bloor, College, Dundas, Queen, King, Danforth, etc. absolutely do not).
There would have to be an error in law or some other administrative fault for this to happen.
Think of it as two kids get in a schoolyard fight (City and Developer), then one of them goes to the parent / teacher / principal (OLT) to adjudicate. It's in the latter party's best interest to...
Value. The value of the land zoned at 60 storeys is more than the value of the land at homes. That's it. OGDC is happy to syphon fees from them to do so, and I'm just jealous I wasn't the one to get the contract.
I mean, it's not, really. Folks keep talking about the 'zoned density' of Toronto...