Through engaging in meaningful discussions with community stakeholders, we can collaborate to build better communities that align with our core value to create integrated communities.
Our goal is to utilize this site to get feedback and learn about the obstacles and challenges the community is facing.
With your help, we will be able to create attractive areas and functional spaces that will be an extension of the community for years to come.
1335-1345 BANK STREET
An urban renewal project designed to enhance this section of Bank St. with a more pedestrian oriented approach.
Lofty Developments GP Inc. has acquired the sites located at 1335-1345 Bank Street and developed a redevelopment concept to demolish the existing automobile service centre and drive thru restaurant and replace these underutilized buildings with a 26-storey residential apartment building with active spaces fronting on Bank Street.
26 Storey Tower
142 Parking Spaces
Safe & Enjoyable
Upon reviewing various concepts, a single point tower design was selected.
Diverse unit mix including studio, 1-bedroom, 2-bedroom, and
Significantly reduced parking based on supportive amenities for residents to go car-free.
By removing car access from Bank Street, the streetscape is made safer and more enjoyable.
A New Vision
Proposed Bank St. Design
The proposed development requires several amendments to accommodate the proposed built-form.
PROPOSED ZONING AMENDMENTS
The amendments and variances required for the development are due to some of the challenges related to the depth of the site. The proposed height is higher than currently permitted, however the design moved from two reduced height towers to achieve the same number of units in a more attractive design.
GROUND FLOOR USES
The design has been modified to enhance the pedestrian experience along Bank Street, with virtually 100% of the façade being active uses that include a café/bar, fitness facility, and lobby entrances.
ACCESS AND EGRESS
Vehicles will access the property from Riverside Drive heading west into a one-way drive aisle that exits onto Riverside Drive heading east. A layby has been envisioned to remove vehicles from accessing the site along Bank Street, improving safety and enjoyment for pedestrians.
GARBAGE AND MOVE-IN
The garbage and move-in room will be located with access off Riverside Drive heading west and was designed to minimize the impact for traffic and pedestrians along Bank Street. As part of a sustainability measure, garbage and recycling will be located at grade and will be picked up regularly by the selected service providers.
We are seeking a redistribution of permitted density from two 16-storey towers with a podium to a small footprint 26-storey tower with an incorporated 6-storey podium.
The current maximum height for this site is set through the Bank Street Secondary Plan which is part of the Official Plan. The identified heights in Secondary Plans and in the Official Plan are then translated into the Zoning provisions. Therefore, in order to seek height greater than the current maximum, we require both an Official Plan Amendment and a Zoning Amendment.
The process for these two applications runs concurrently. The City advises us exactly what plans and reports are required, which are then submitted along with the applications. The proposed project is then reviewed in its entirety by various planning departments, and goes before the Urban Design Review Panel where recommendations are made from a design perspective. Revisions and responses are provided back to the City during this review process. Following the review, City planning staff prepare a Report to Planning Committee which summarizes the project and identifies their recommendation to Planning Committee. If the recommendation is to approve the applications, and Planning Committee carries this recommendation, it then proceeds to City Council where it obtains final approval.
The proposed development reduces shadowing and micro-climate impacts from the permitted form and scale. This creates a gateway component at a prominent location, as well as a landmark building. The design offers a more welcoming pedestrian realm at grade. Lastly, the proposed design of the site creates optimum building operational efficiency, and construction costs which can be translated into improved affordability of units.
GET INVOLVED AND BE HEARD
Lofty Riverside GP Inc. is looking to engage with the community in a meaningful dialogue that will further enhance the design of the project and better the community.
We will have a series of surveys and forums to gather as much information as possible and
share progress on the development.
A previous site plan application was filed for 1335 Bank Street by the previous owner. Lofty Riverside GP Inc. reviewed these plans and targeted to remove the above grade parking by acquiring the property at 1345 Bank Street to enhance the efficiency.
This required a complete redesign of the concept and provided various options that were reviewed in detail.