This will be the first major tower in the local vicinity of Yonge-Dundas Square, and will really inject that "big city" feel that the square is trying to capture.
So - I guess this is the site area. The red line is for the probable border(s), the blue line is for the guessed at ones. It's a very tricky site, what with the north-south jog in the middle and the laneway running through it.
I can't see how enough land could be assembled to put up a sixty-storey tower without either eliminating the north-south laneway or building right over it somehow (which shouldn't be too difficult). Not if they're planning to build behind 197 Yonge, as the release says. Also, is access needed to the back of the Wintergarden from Victoria Street? Will it encroach slightly on the back of Massey Hall?
All way around this is good news. It sounds like a marvellous win-win-win for everyone. If the design is as good as Hariri Pontarini's other ones, I think it's safe to say we're on to something wonderful here.
MOD will further contribute to the enhancement of the neighbourhood by donating a portion of their site fronting on Victoria Street to Massey Hall.
"The proposed gift of this key portion of land at the south of Massey Hall by MOD Developments is an incredibly exciting development for the Hall and for the city of Toronto," said Charles Cutts, President and CEO of the Corporation of Massey Hall and Roy Thomson Hall. "It presents us with multiple options to revitalize Massey Hall and we'll be studying them closely in the coming months. We will begin the process with our board meeting later in January."
To me it looks like the lane ends where that white car is parked. So they don't have to deck over the lane. The property behind Massey will be donated to Massey Hall and won't be used for the condo tower... and between the park and the property due east of the bank they have more than enough room to play with.
God, I hope they save both 197 and 201 Yonge. Both are beautiful buildings that must be kept. I can't imagine them tearing down the south building but in Toronto, sadly, we know anything is possible. (including "accidental" fires) Maybe if the developers have some integrity, they will do the right thing.
Here's my guess (based on the quote below) -
The Victoria Street frontage will be wholly donated to Massey Hall for a backstage expansion and its primary involvement for the development will be as a donor" site for the Yonge frontage which will be the site of the 60 storey tower. (Unless there are precedents for the City granting air space rights over an alley for a tower (as opposed to just a walkway, but I doubt it) and the width of the alley is very narrow).
Also, is access needed to the back of the Wintergarden from Victoria Street? Will it encroach slightly on the back of Massey Hall?