New Development Proposed

Image of the proposed development by NYX Capital Corp from their website.

This is a new development proposal for the west side of Yonge Street, spanning almost the full block between Bedford Park Avenue and Woburn Avenue.  It was submitted by NYX Capital Corp to the City on November 3 and came to our attention at that same time.  We feel the proposal is, in a word, preposterous.

Consider the massing of the proposed building versus how it dwarfs the TD Bank at the corner of Yonge and Bedford Park Avenue.  The absurdity of this is clearly visible in the bottom left corner of the developer’s own drawing (the south side of the proposed development).

BPRO is on record as being unequivocally opposed to every aspect of this proposal in its current form.  We have written our City Councillor Mike Colle, as well as Councillor Jaye Robinson from the neighbouring Ward 15.  The City Planner assigned to this file is also well aware of our concerns which, with assistance from the Lytton Park Residents’ Organization, we have detailed at great length.

The City of Toronto has developed guidelines that allow for renewal yet also respect existing neighbourhoods.  We won’t outline every egregious component of this proposal here, but there are many.  Suffice to say it respects few of the city’s guidelines and we are optimistic it will not see the light of day as it is proposed.

COVID-19 has impacted the City’s planning staff abilities to move quickly on files.  Despite this, we’re hopeful that the backlash from the City is significant enough on this proposal to send the developer back to the drawing board.

BPRO is not against development per se.  We appreciate that change will happen and density will increase.  But we will always actively advocate for development to be done within city guidelines and with respect and consideration to the character and needs of our neighbourhood.

We have also made our objections know directly to the developer, NYX Capital Corp.  We have talked with them and have an agreement to set a date in early January to meet with them to discuss the proposal.

The next step will likely be a preliminary report given at the North York Community Council.  We don’t know the timing of this yet but will keep you informed as we learn more.

In the meantime, if you would like to register your objections to this development, you can email the developer at info@nyxcapital.com.

For those who would like to read another article about this development, please click HERE.  At the time of being interviewed, our President had not heard anything from NYX Capital Corp, but as noted above, we now have an agreement to meet with the developer in January.