The city council will be asked on Monday to waive the project’s affordable housing requirements
A Southern Ontario developer is proposing to build four five-story apartment buildings, 28 outbuildings and a 3,600-square-meter personal storage facility at 204 South Market Street.
The proposed apartment complex is located next to the Giant Tiger department store on Trunk Road.
ESC Land Development Corp. , represented by Todd Lisseau of Caledon East, Ont. On Monday, it will ask the city council to rearrange property and waive affordable housing requirements that would otherwise require at least 30 percent of housing units to be affordable.
Since 1996, the city’s official plan has imposed affordable housing requirements on all new housing developments with more than 50 housing units.
Peter Tonazzo, the city’s planning director, will argue on Monday that the requirement “is counterproductive and has the effect of limiting residential development, thereby reducing supply and raising housing prices, on the grounds that it is too expensive to build new for this. Nature to provide 30 percent of all units Affordable prices, without major subsidies or incentives.”
In a separate order on Monday, Tonazzo will also ask council members to phase out existing affordable housing policies “and replace them with a set of new policies that staff feel represent a more effective and appropriate approach to affordable housing, in the context of a formal plan.”
The personal storage facility will contain 269 units and is proposed as a buffer between the new condominiums and the adjacent shopping mall.
“Personal storage uses are generally low-impact uses with few off-site impacts such as noise or traffic,” Tonazzo says in a report to Mayor Provenzano and city council members.
Liso proposes to build a housing complex in three phases:
- Phase One – Personal Storage Facility and Multiple Ancillary Residences
- Phase Two – two eastern apartment buildings, each containing 87 units
- Phase III – two western residential buildings, each of 87 units
The 28 townhouses will extend along the east side of the property.
“Suggested amenities include two outdoor areas and a 248 square meter daycare facility,” Tonazzo says.
“The majority of parking will be provided within the consolidated parking area in the middle of the apartment buildings.”
“Parking for the multi-annex residences will be accommodated within the attached garages and individual driveways for each unit.”
“Overall, the parking space required for the residential component of the development (multiple annex apartments and day care) is 463 places and the site plan for the applicant suggests a total of 486 places.”
Tonazzo says the development, which will be known as South Market Village, will have three access points.
“The main access to South Market Street will be in the middle of the site, lined with a future access point linked to the 120-unit apartment development directly across the street.”
“Communications through the controlled property will also provide access to an existing driveway in the South Market, which is directly behind the shopping center and a third entrance to Trunk Road, along the eastern portion of the shopping center property, which is also owned by a job seeker.”
“These two access points via the shopping center property will require long-term facilities, subject to approvals of the Adjustment Committee prior to entering into a site plan agreement.”
“These two access points are important to the general operation of the site and help spread traffic to the various surrounding arterial roads,” Tonazzo said.
When fully built, the proposed housing complex is expected to produce new two-way traffic volumes of approximately 179 vehicles during the morning rush hours on weekdays and about 178 vehicles during the afternoon rush hours.
But the volume of traffic in the area is generally low and traffic lights are not necessary.
The developer is expected to provide a new left turn south lane upon access to the main southern market.
Tonazzo said signal timing changes are also being proposed for nearby traffic lights “to improve the general function of these intersections and to ensure the appropriate timing is provided to allow pedestrians to cross.”
“The site is served by an active transportation and public transport infrastructure,” he added.
“Future passengers will have close, walkable access to a variety of commercial options, including the north-facing shopping mall.”
Monday’s City Council meeting will be broadcast live on SooToday starting at 4:30 p.m.