This application proposes to amend City-wide Zoning By-law 569-2013 for the lands at 3 Swift Drive. The applicant proposes to demolish the existing 4-storey residential building at 3 Swift Drive containing 61 rental dwelling units and redevelop the lands with 35-storey (112 metre) and 31-storey (100 metre) towers connected by a 7-storey (27 metre) podium. The application also proposes a 518.9 square metre on-site public parkland dedication and a 268 square metre privately-owned publicly-accessible space. The proposed development would contain 857 residential units of which 61 units will be rental replacement units, with a total gross floor area of 55,368.5 square metres resulting in a density (“FSI”) of 10.67 times the area of the lot. A Location Map can be found in Attachment 2 to this report. The proposal also includes a Tenant Relocation and Assistance Plan that addresses the right of existing eligible tenants to return to a replacement rental dwelling unit at similar rents and financial compensation to lessen hardship. The proposed replacement rental dwelling units will be secured at affordable, mid-range (affordable), and mid-range (moderate) rents. The proposed development is consistent with the Provincial Policy Statement (2020) and conforms with A Place to Grow: Growth Plan for the Greater Golden Horseshoe (2020). The proposed development conforms to the City of Toronto Official Plan. This report reviews and recommends approval of the application to amend the Zoning By-law and the Rental Housing Demolition application at 3 Swift Drive. The proposed development represents an appropriate level of intensification on the site and provides for amenity improvements for existing residents and the surrounding community.
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