Update on 1521 Queen St W

The application at 1521 Queen St West was originally submitted to the City in 2019, then scheduled for an appeal hearing at the Ontario Land Tribunal (OLT) in 2020. In the meantime, the parties to the appeal, including the applicant, the City, and the Parkdale Neighbourhood Land trust, engaged in without prejudice settlement discussions which resulted in the applicant making a settlement offer to resolve the Appeal.

The City Solicitor submitted a Request for Direction Report for 1521 Queen Street West to the March, 2022 City Council meeting.  The report approved by City Council recommended that City Council adopt recommendations contained in a Confidential Attachment and authorize the public release of specific confidential recommendations. That information is now available.

http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2022.CC41.11 , scroll down to background information.

City Council has accepted the with prejudice settlement offer dated February 28, 2022. The Settlement Proposal is for a mixed-use 8 storey building with three vehicle car share parking spaces. The Settlement offer also includes a contribution of $1,000,000.00 to the City for use in the City’s Multi-Unit Residential Acquisition (MURA) Program toward acquiring affordable housing in the Parkdale neighbourhood, and a contribution of $200,000.00 paid to the City as tenant compensation of up to $10,000.00 (Ten Thousand dollars) per eligible tenant, for the benefit of former tenants and occupants of the Subject Property as determined and as administered by the PNLT in consultation with the City. The Settlement Offer is available to review, labelled as Attachment 1, Appendix “A” in background information.

City staff will attend the OLT Settlement Hearing on May 17, 2022 in support of the approved settlement.

If you wish to observe this hearing, please contact Benjamin Waters, Case Coordinator, Planner, (437) 227-6244 or Benjamin.Waters@ontario.ca to obtain the videoconference link for hearing PL200567.