49 and 51 Yonge Street - Alterations to Heritage Properties, Demolition of Heritage Attributes and Authority to Enter into a Heritage Easement Agreement

The Yonge Street and Wellington Street exterior walls will be retained in situ. The proposed development is consistent with the relevant provincial and municipal policies, except for the demolition of the interior attributes. Despite the proposed demolition of the interior heritage attributes, staff are of the opinion that the cumulative impacts to the heritage resources on the site are appropriately mitigated through the overall conservation strategy in the context of the settlement of the Zoning By-law Amendment application appeal.

the demolition of the heritage attributes of the existing building on the designated heritage property at 49 Yonge Street, in accordance with Section 34(1)1 of the Ontario Heritage Act in connection with the approval of a 62-storey tower on the subject lands substantially in accordance with the plans and drawings dated February 8, 2024 prepared by Architects Alliance and the Heritage Impact Assessment dated February 20, 2024 prepared by GBCA Architects, both on file with the Senior Manager, Heritage Planning, all subject to, and in accordance with, the Conservation Plan satisfactory to the Senior Manager, Heritage Planning, and subject to conditions as set out below. 2. City Council direct that it consents to the application to alter the designated properties at 49 and 51 Yonge Street under Part IV, Section 33 of the Ontario Heritage Act and its consent to the demolition of attributes on the designated heritage property at 49 Yonge Street, under Part IV, Section 34(1)1 of the Ontario Heritage Act subject to the following conditions: a. prior to any Ontario Land Tribunal Order issued in connection with the related Zoning By-law Amendment appeal, the owner shall: 1. enter into a Heritage Easement Agreement with the City for the properties at 49 and 51 Yonge Street substantially in accordance with the plans and drawings dated February 8, 2024 prepared by Architects Alliance and the Heritage Impact Assessment dated February 20, 2024 prepared by GBCA Architects, subject to and in accordance with the Conservation Plan required in Recommendation 2.a.2 below, to the satisfaction of the Senior Manager, Heritage Planning, including execution of such agreement to the satisfaction of the City Solicitor; 2. provide a detailed Conservation Plan, prepared by a qualified heritage consultant that is consistent with the conservation strategy set out in the Heritage Impact Assessment for 49 and 51 Yonge Street dated February 20, 2024 prepared by GBCA Architects, to the satisfaction of the Senior Manager, Heritage Planning; b. that prior to Site Plan approval for the proposed Zoning By-law Amendment by City Council for the properties at 49 and 51 Yonge Street, the owner shall: 1. provide final Site Plan drawings substantially in accordance with the approved Conservation Plan required in Recommendation 2.a.2 to the satisfaction of the Senior Manager, Heritage Planning; 2. have obtained final approval for the necessary Zoning By-law Amendment required for the subject property, such Amendment to have come into full force and effect; 3. provide a Heritage Lighting Plan that describes how the exterior of the properties located at 49 and 51 Yonge Street will be sensitively illuminated to enhance its heritage character to the satisfaction of the Senior Manager, Heritage Planning and thereafter shall implement such Plan to the satisfaction of the Senior Manager, Heritage Planning; 4. provide an Interpretation Plan for the properties located at 49 and 51 Yonge Street, to the satisfaction of the Senior Manager, Heritage Planning and thereafter shall implement such Plan to the satisfaction of the Senior Manager, Heritage Planning; c. that prior to the issuance of any permit for all or any part of the properties at 49 and 51 Yonge Street, including a heritage permit or a building permit, but excluding permits for repairs and maintenance and usual and minor works for the existing heritage building, as are acceptable to the Senior Manager, Heritage Planning, the owner of the subject property shall: 1. have entered into a Heritage Easement Agreement with the City required in Recommendation 2.a.1 above including registration on title of such agreement, to the satisfaction of the City Solicitor; 2. have obtained final approval for the necessary Zoning By-law Amendment, and such Amendment to have come into full force and effect; 3. provide building permit drawings, including notes and specifications for the conservation and protective measures keyed to the approved Conservation Plan required in Recommendation 2.a.2 including a description of materials and finishes, to be prepared by the project architect and a qualified heritage consultant to the satisfaction of the Senior Manager, Heritage Planning; 4. provide a Letter of Credit, including provision for upwards indexing, in a form and amount and from a bank satisfactory to the Senior Manager, Heritage Planning to secure all work included in the approved Conservation Plan and Interpretation Plan; d. that prior to the release of the Letter of Credit required in Recommendation 2.c.4 above, the owner shall: 1. provide a letter of substantial completion prepared and signed by a qualified heritage consultant confirming that the required conservation work and the required interpretive work has been completed in accordance with the Conservation Plan and Interpretation Plan and that an appropriate standard of conservation has been maintained, all to the satisfaction of the Senior Manager, Heritage Planning; and 2. provide replacement Heritage Easement Agreement photographs to the satisfaction of the Senior Manager, Heritage Planning. 3. City Council authorize the entering into of a Heritage Easement Agreement under Section 37 of the Ontario Heritage Act with the owner of the properties at 49 and 51 Yonge Street in a form and content satisfactory to the City Solicitor and the Chief Planner and Executive Director, City Planning. 4. City Council authorize the City Solicitor to introduce the necessary Bill in City Council authorizing the entering into of a Heritage Easement Agreement for the properties at 49 and 51 Yonge Street.