The Crosstown line may open around the same time that this project does though, meaning of course that traffic will drop to a mere trickle just in time. Phew!
42
42
^ Bus traffic, that is.
The rezoning application (revised as 48 storeys) has been appealed to the OMB for a lack of a decision within the prescribed time (120 days of receipt of a complete application). The staff report recommends refusal of the application and that staff appear at the OMB in opposition.
http://www.toronto.ca/legdocs/mmis/2011/ny/bgrd/backgroundfile-41019.pdf
So if the developer won the hearing from the OMB, what is going on with this project? This thread has been dead for 4 years so I guess things have been quiet.
The OMB approved 122 metres. I'd hardly call that a favourable outcome. Probably killed the redevelopment.
http://www.toronto.ca/legdocs/bylaws/2013/law1117.pdf
Zoning By Law Amendment application to permit a 65-storey mixed-use building with a height of 208 metres (220 metres to the top of the mechanical penthouse), containing 663 dwelling units, 550 square metres of commercial space and three levels of underground parking. The total gross floor area would be 45,112 square metres, resulting in a density of 32.3 FSI.