Posted Feb 7, 2015, 4:02 AM
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Registered User
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Join Date: May 2006
Posts: 1,455
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Glad to see this is still in the works. I thought it might be dead. They will obviously be tweaking the design a bit...
A $100-million Rygar Corp. building is still proposed for the core, but on land near the original Fullarton St. site
London Free Press, Feb 6
The original proposal for the Rygar Tower, shown here, called for 33 storeys, 110 metres to 112 metres high, ground-floor retail, two storeys of underground parking and five above ground as well as 248 residential apartments on floors 8 to 33.
A towering residential development proposed for downtown London is on the move, but it’s still on track to be built.
Rygar Corp. had proposed a $100-million, 33-storey, 248-unit tower at Talbot and Fullarton streets. It would have been London’s tallest building.
But the deal to buy the site at 100 Fullarton St. — the former Haskett Menear law firm — fell through. So Rygar has shifted its attention and picked up a new parcel of land nearby, said sources close to the development.
“Rygar properties is proceeding with a revised development and it does not include 100 Fullarton St.,” said Elizabeth Cormier, partner in the law firm Patton Cormier and Associates, representing the builder.
Because the location has changed, Rygar, which received planning approval for the initial proposal, will have to approach the city again for new zoning, said planning director John Fleming.
“I am very pleased to hear plans are in the works. We do encourage residential development downtown. We are interested in hearing the next steps,” Fleming said.
Rygar received “bonusing” provisions allowing it to build 33 storeys and have a greater density, so planning would have to receive a new application to see if it still qualifies for that height in the new location, he added.
“They would have to come in for a zoning amendment,” said Fleming, adding that a new application should not pose a problem.
The new site would still be within the downtown area where development charges on residential construction are not paid by builders — but by ratepayers instead — as an incentive to build residences downtown.
Planning committee approved the original Rygar proposal one year ago this month, before the site change.
The initial proposal would have seen the ground floor allocated for retailing, with five floors of parking above that. Floors 8 to 33 would have 248 residential units and stand 110 to 112 metres high, making it the city’s tallest building.
Richard Zelinka, partner in the planning firm Zelinka Priamo, is working with Rygar on the project and confirmed it’s still in the works.
“I can say the applicant is still very active. It will be very soon,” Zelinka said. “It will be the same type of development, the same quality and style. It will reflect what has been seen before, with adjustments as needed.”
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OTHER PLANS
50 King St.: Middlesex County has proposed a 30-storey, 200-unit residential highrise, worth $80 million to $100 million. It will have retail and commercial on site.
King and Clarence streets: Ayerswood Development Corp. has proposed two residential towers, 550 units, valued at $100 million. It will have retail and commercial on site.
96 Ridout St. S.: Tricar Developments Inc. proposing 22-storey condominium, 191 units. They will be one-bedroom, two-bedroom and penthouse units. They also will build eight attached townhouse units in front of the tower.
Horton and Waterloo: Creative Property Development proposing a highrise 15 to 25 storeys, $45 million.
Others: City planning department is tracking what may be as many as 2,900 new residential units in the downtown and Old east Village over the coming years.
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