53, 55 and 95 Lake Shore Boulevard East, 15, 33, and 43 Freeland Street and 2 and 15 Cooper Street - Subdivision Application - Final Report

A child care and an elementary school are planned in the base of the building in Block 4. Block 3 (the south-west block) is anticipated to be a new public park. Respecting streets, the extension of Harbour Street from Yonge Street to Freeland Street as part of the 1 to 7 Yonge Street development to the west of the subject site is continued through the centre of the lands. There is also the creation of two blocks which represents half the width of a new north-south street between Queens Quay East and Lake Shore Boulevard East, at the eastern edge of the property ("New Street"). The remainder of this New Street will be created when the property to the east is redeveloped. The proposed blocks, park, and new public streets are in keeping with the comprehensive planning advanced through the Lower Yonge Precinct Plan (LYPP). The Draft Plan of Subdivision application includes appropriate land dedications to the City to support the new development. New public streets are proposed, and an agreement between the City, the applicant and the adjacent landowner securing on-site parkland has been executed and registered on title. Affordable Rental Housing Units (10% of the total residential gross floor area) will be provided on site in accordance with the registered Section 37 agreement for this site. Heritage conservation matters are being reviewed in the context of the related Site Plan Control Application. Contributions to transportation infrastructure improvements identified as required to support development in the Lower Yonge Precinct Area were also secured in the Section 37 Agreement. The proposed Draft Plan of Subdivision is consistent with the Lower Yonge Precinct Plan, the site's site and area specific official plan policies, The Lower Yonge Precinct Environmental Assessment Study and zoning settlement was approved via settlement by the Local Planning Appeal Tribunal (LPAT) in September 2019. The proposed development is consistent with the Provincial Policy Statement (2020), in conformity with the Growth Plan for the Greater Golden Horseshoe (2020) and has regard for the criteria set out in Section 51(24) of the planning Act with regard to the subdivision of lands. This report advises that the Chief Planner intends to approve the Draft Plan of Subdivision.

any such revisions to the proposed subdivision plan or any such additional modified conditions as the Chief Planner and Executive Director, City Planning may deem to be appropriate to address matters arising from the on-going technical review of this development.