Our client has diligently sought tenants to occupy the retail space as stipulated in the bylaw with no success over the last 4 years. It is important to both our client, the residential residents of the building and the City to ensure that the retail space is occupied to ensure a lively street frontage for this building and along Yonge Street.
Our client is seeking to vary By-law 1263-2017 to provide flexibility in how many nonresidential units can be provided on the first floor. As noted above By-law 1263-2017 required a minimum of 3 non-residential units which in the present market has been unachievable. We are seeking flexibility to permit one, two or three non residential units located on the ground level totalling 618.32 square metres and to not provide direct access to the non-residential space located on the second storey.