Tribunal approves settlement for 66-storey mixed-use building at 53 and 55 Yonge Street.
The applicants appealed the City of Toronto's failure to make a decision on their zoning by-law amendment applications for 53 and 55 Yonge Street.
Prior to the hearing, the parties reached a settlement for a revised 66-storey mixed-use building.
Based on uncontested expert planning and transportation evidence, the Tribunal found the proposal represents an appropriate and desirable redevelopment within the Urban Growth Centre, conforms to provincial policy, and represents good planning.
The Tribunal allowed the appeal in part and approved the settlement proposal in principle, withholding its final order pending the finalization of the by-law and related engineering and transit conditions.
OLTOntario Land TribunalMar 14, 2023
