Development Update With Jeff

5060 Yonge Street Intersection: Yonge and Hillcrest Status: Applied OPA & Rezoning (Dec 14, 2020), under review Official Plan and Zoning By Law Amendment application to permit a 42-storey mixed-use building. The proposed development includes non-residential uses in the first 6-storeys, with grade related retail located along Yonge Street between Hillcrest Avenue and Elmwood Ave, and a residential tower above. Note: These last 2 development proposals submitted after 4-lane TransformYonge approved at IE Committee have Density of 10.47FSI and 12.24 FSI – way beyond the 4.5-6.0 FSI we generally see within North York Centre Secondary Plan area. I doubt we’ll ever get a development application submitted at 4.5-6.0 ever again. Direct subway connection in discussion. Developer: First Capital Storeys: 42 […]