700 University Avenue - Zoning Amendment - Final Report

A total of 499 vehicle parking spaces, of which 488 would be located off-site at 40 Murray Street, are proposed as part of the application. A total of 664 bicycle parking spaces (111 short-term and 611 long-term spaces) are also proposed. Vehicular access to a 1-level underground garage would be provided from Orde Street at the south-west corner of the site. The proposed development is consistent with the Provincial Policy Statement (2020) and conforms with A Place to Grow: Growth Plan for the Greater Golden Horseshoe (2020), and conforms with the Toronto Official Plan and the Downtown Secondary Plan. The proposal presents an appropriate built form and contribution to the public realm that is compatible with the surrounding context. It has been revised, since its initial submission, to reduce the impact on the public realm by reducing its proposed height and addressing separation distance concerns from the south and west lot lines. This report reviews and recommends approval of the proposed Zoning By-law Amendment.

3. Before introducing the necessary Bills to City Council for enactment, require the Owner to enter into an Agreement pursuant to Section 37 of the Planning Act as follows: a. The community benefits recommended to be secured in the Section 37 Agreement are as follows: i. Prior to the issuance of the first above-grade building permit, a cash contribution of $4,125,000 towards streetscape and/or public realm improvements in the vicinity of the site, to the satisfaction of the Chief Planner and Executive Director, City Planning Division, in consultation with the Ward Councillor; ii. Prior to the issuance of the first above-grade building permit, a cash contribution of $4,125,000 towards the provision of affordable housing in the vicinity of the site, to the satisfaction of the Chief Planner and Executive Director, City Planning Division, in consultation with the Ward Councillor; iii. All cash contributions referred to in Recommendation 3(a)i-ii shall be indexed upwardly in accordance with the Statistics Canada Construction Price Index for Toronto, calculated from the date of registration of the Section 37 Agreement to the date the payment is made. iv. In the event the cash contributions referred to in Recommendation 3(a)i-ii have not been used for the intended purposes within 3 years of the By-laws coming into full force and effect, the cash contribution may be redirected for another purpose, at the discretion of the Chief Planner and Executive Director, City Planning Division, in consultation with the Ward Councillor, provided that the purpose is identified in the Toronto Official Plan and will benefit the community in Ward 11. b. The following matters are also recommended to be secured in the Section 37 Agreement as a legal convenience to support development: i. Prior to the commencement of any excavation and shoring work, the Owner shall submit a Construction Management Plan to the satisfaction of the Chief Planner and Executive Director, City Planning Division, the General Manager of Transportation Services, and the Chief Building Official, in consultation with the Ward Councillor, in consultation with the local community, and thereafter shall implement the plan during the course of construction. The Construction Management Plan will include, but not be limited to the following construction-related details: noise, dust, size and location of staging areas, location and function of gates, dates of significant concrete pouring, lighting details, vehicular parking and queuing locations, street closures, parking and laneway uses and access, refuse storage, site security, site supervisor contact information, and a communication strategy with the surrounding community, and any other matters requested by the Chief Planner and Executive Director, City Planning, and the General Manager, Transportation Services, in consultation with the Ward Councillor. 4. Prior to issuance of the Statement of Approval, the owner is required to introduce wind mitigation measures during the Site Plan Control application, as identified in the Pedestrian Wind Study, dated August 25, 2021, to the satisfaction of the Chief Planner and Executive Director, City Planning 5. Before introducing the necessary Bills to City Council, require the applicant to address comments identified in the Engineering & Construction Services memo to City Planning, dated September 3, 2021, and any subsequent memo prepared in response to applicant resubmission(s).