351 LAKE SHORE BLVD E
Ward 28 - Tor & E.York District

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Site Plan Control Application for a new municipal shelter structure

Proposed Use --- # of Storeys --- # of Units ---

Applications:
Type Number Date Submitted Status
Site Plan Approval 18 224494 STE 28 SA Sep 12, 2018 Application Received
 
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Dream Impact Trust: New name and sharper focus | RENX - Real Estate News Exchange

Dream Hard Asset Alternatives Trust is narrowing its focus to investments which generate strong financial returns and provide positive social and environmental impacts, and will change its name to Dream Impact Trust on Oct. 26. “We are very excited and
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Victory Soya Mills Silos

The trust acquired a 37.5 per cent ownership stake in a 5.3-acre lakeshore site at the foot of Parliament Street in downtown Toronto for $58 million in 2017. Cooper believes it’ll be worth $300 million if it achieves zoning approval for the proposed 1.2 million square feet of development and approximately 1,100 residential units.

Victory Soya Mills Silos were constructed during the Second World War to store commodities. Now a Heritage Property, the development proposal includes their preservation and incorporation into the project through either adaptive use or rehabilitation.

The property is currently being used as a respite centre that provides 100 beds for Toronto’s overwhelmed shelter system.
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A little movement. And some confirmed heights:

iv. permit tower heights of 151 metres, 130 metres, and 70 metres, and a maximum combined non-residential gross floor area and residential gross floor area of 125,000 square metres, and a maximum residential gross floor area of 113,600 square metres
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Approved in principle at LPAT:

3C Lakeshore Inc. v Toronto (City), 2021 CanLII 44057 (ON LPAT)

Proposed settlement:
[10] The draft ZBA is very detailed and would permit a total gross floor area (“GFA”) of 125,000 square metres (“sq. m”) including 113,600 sq. m of residential uses. The ZBA is constructed as follows:
  • a. the south block will contain two L-shaped mid-rise buildings that will not exceed a height of 38 m;
  • b. the central block permits a building with a height of approximately 150 m (approximately 49 storeys) with a seven-storey podium. The silos are part of this block and will be stabilized and conserved in a way that may include adaptive re-use.
  • c. the north block permits a building with a height of 130 m (approximately 42 storeys) with a nine-storey base building;
  • d. secures an equivalent of 20% of all residential GFA to be provided as affordable rental housing;
  • e. section 37 contributions to assist with the capital costs for off-site day care facilities;
  • f. a holding symbol to assist in the management of the subject site’s development implementation; and
  • g. other provisions of the proposed ZBA include, for example, the conservation of and potential adaptative re-use of the heritage silos; separation of buildings and structures; parking and loading; residential amenity space; ground floor amenity animation; and a unit breakdown.
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THAT THE TRIBUNAL allows the appeals in part and approves in principle two instruments being: the draft Official Plan Amendment to the former City of Toronto Official Plan as illustrated in Exhibit 1 Tab D and the draft Zoning By-law Amendment (as modified) to amend By-law No. 438-86 as amended by By-law No. 1174-2010 illustrated in Exhibit 2.
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