New Developments on 501 Yonge St.

9 Comments 12 May 2011

In March, we reported on a land acquisition by Lanterra Developments at 501 Yonge St.

We now have more information on Lanterra’s impressive looking plans for the site.

On May 5th, Lanterra submitted an application with the City of Toronto to build two mixed use towers on a common podium. The towers will be 58 stories with 960 residential units. There will be ground floor retail and a two-level above ground parking garage with 360 spaces. There are also plans for 940 bicycle parking spaces.

The .87 acre site fronts Yonge St., between Alexander St. and Maitland St. An excellent future selling feature for prospective owners is the site’s physical location directly above the Yonge subway line.

It will be interesting to see how Lanterra manages to incorporate such a large development on this site.

Are 58 stories too high? Is this a positive for Yonge Street?

Have your say. Send us your thoughts.

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RFabian

I have serious reservations about the Lanterra proposal. See the website I have established to provide more information – http://501yonge.ca
- admin
  
  We are all for intensification as long as its the right intensification.
  
  Well have to see wait to see what the renders show us, as well as what gets officially approved.
  
  Lanterra is asking for two 58 story towers, if they get that will still be determined.
Creemore1ca

This is a very bad location for the size of the proposal. There will be no green space. They need the full foot print so the building will be edge to edge. They plan to use the rear laneway for access to parking and delivery access. They plan to store their garbage bins there too! But the busy laneway is only 12 feet wide! Their Burano property on Bay st can not service that building and it is half the size. The laneway is higly used for access to roads such as Church St and anyone wanting to avoid Yonge.

Building above the subway has its own risks during construction with potential collaspe of Yonge when it is exposed. Can you imagine the applification of the vibration from the subway as it amphifies up the tall thin towers.

We all have to remember this is the same developer who messed on up Bay St. Name a new condo that has a design flaw on its balaconies causing the City to force them to build street level protection for pedestrians.
- admin
  
  Well have to see what gets accepted. I can only imagine if this development becomes another Maple Leaf Square. It would be great for the area, and better then the current strip mall that is on site.
  
  As always, well have to see what is approved, and judge it based on the renders.
- Anonymous
  
  Well have to see about how they plan on incorperating things into the plan. Obviously, its tough to judge this project without seeing the renders or what they plan on doing with access. Well see what they present the community with, until then its going to be tough to judge.
- Bobby B.
  
  Murano has a thin laneway behind the development and went up 45 & 55 stories.
  Doesn’t seem a stretch to do a very similar development on the main street of the largest city in Canada. It seems this will just be countered by residents who live close by and don’t want their view of something to be impinged. Development in inevitable, imagine Toronto wasn’t allowed to gain density in urban areas what it would look like….
  
  “Houston” where there is no brand of city and the urban sprawl is so horrible suburbs have been described as close are an hour drive away (in good traffic). There was no zoning by-law keeping the urban area and as such has created a terribly inefficient city.
  
  As long as the developer is held accountable to the set backs and proper streetscape scenarios I don’t see how higher floors is anything to be worried about. If anything it will improve the flow of money into surrounding small businesses. I think when it comes down to it, developers must be held accountable to build quality product, but shouldn’t be balked at for trying to gain excess density in an already urban area…which needs redevelopment in the first place, and needs to stop looking like a seedy old street and more like the central part of Canada’s largest city.
Robert Fabian

There are some drawing and renderings that Lanterra has submitted to City Planning. “Glass brutalism” has been used to described the proposed building. It fits. The submitted material can be found here: http://501yonge.ca/drupal/sites/default/files/501drawings.pdf
Andre

Of coarse it’s to high. First, need to be widening a roads for increased traffic of people and cars, seems it’s impossible to do it.
- Anonymous
  
  With Aura at 75 stories two blocks to the south? If we cant build tall on Yonge St. then where can we build?
  
  We appreciate that generally speaking, local residents are always against development, but with 270,000 new residents headed to Toronto over the next 10 years (City of Toronto’s numbers), we have no other recourse then to build tall.

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