Toronto Community Housing Corporation (TCHC) is undertaking the phased revitalization of Regent Park into a mixed-use, mixed-income neighbourhood. TCHC has made an application to amend the existing development permissions for the final two phases of the revitalization, Phases 4 and 5, which are located between Gerrard Street East to the north, River Street to the east, Oak Street to the south, and Dreamers Way to the west, excluding the property at 40 Oak Street. This report reviews and recommends approval of the application to amend the Zoning By-law for Phases 4 and 5 of the Regent Park revitalization by amending the permitted uses, building heights and tower locations, and other performance standards. The amended Zoning By-law would permit the proposed development of 12 buildings with heights ranging from 6 to 39 storeys. The application proposes 3,246 residential units, of which 633 will be replacement social housing units and 637 are proposed as new affordable housing units. The application also includes 10,461 square metres of retail and office space, 3,714 square metres of community space, and a new Toronto Public Library branch relocated from Parliament Street. This site is the subject of an existing Section 37 Agreement registered as Instrument Number AT934744. The application would also require amendments to the existing Section 37 Agreement to adjust certain requirements related to demolition and replacement of the existing social housing and to secure the new community space in Phases 4 and 5. This report also recommends approval of the Rental Housing Demolition application to demolish the remaining 527 social housing units in Regent Park, which will be replaced as part of the revitalization. The replacement social housing units constructed in Phases 4 and 5 will fulfill the overall obligation to replace all of the social housing units that existed in Regent Park prior to the revitalization.
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