Re­zon­ing ap­proved for East City project

The Peterborough Examiner - - FRONT PAGE - JOELLE KOVACH EX­AM­INER STAFF WRITER

A plan to build 259 rental apart­ments be­hind Time Square in East City moved for­ward again on Mon­day when coun­cil­lors gave fi­nal ap­proval to re­zone the land.

The re­zon­ing was rat­i­fied at a city coun­cil meet­ing Mon­day after hav­ing been given pre­lim­i­nary ap­proval at a com­mit­tee meet­ing Nov. 12.

There was no de­bate or dis­cus­sion.

The pro­posal is for an 11-storey build­ing, an eight-storey build­ing and a trio of three-storey build­ings, all with a con­nect­ing lobby.

There would also be three storeys of un­der­ground park­ing built into the slope of the land.

All this would be built on a 10-acre prop­erty on the south­east cor­ner of Hunter Street East and Ar­mour Road.

The Sky­line Group of Com­pa­nies, which owns and op­er­ates Time Square, is plan­ning the de­vel­op­ment. Time Square al­ready has 152 apart­ments; the West­clox build­ing was con­verted into apart­ments in 1986. The build­ing also has com­mer­cial

ten­ants.

De­vel­oper Greg Jones of Sky­line told coun­cil­lors on Nov. 12 that the com­plex will cost $75 mil­lion to build.

Jones also said he plans to rent the apart­ments at mar­ket rate — roughly $1,800 for a two-bed­room unit, for ex­am­ple. He didn’t men­tion any plans to in­clude af­ford­able or sub­si­dized apart­ments.

But city planner Carolyn Kim­ble told coun­cil­lors she’s spo­ken with Jones about it and he may con­sider in­clud­ing af­ford­able apart­ments.

She also said coun­cil can of­fer in­cen­tives to de­vel­op­ers to have af­ford­able units.

New traf­fic sig­nals will have to be in­stalled at Maria Street and Ar­mour Road to ac­com­mo­date the added ve­hi­cles from the apart­ments, at the de­vel­oper’s ex­pense.

At the meet­ing Nov. 12, Coun. Keith Riel said he had con­cerns about sig­nal­iz­ing that in­ter­sec­tion be­cause con­ges­tion al­ready oc­curs in that area due to sin­gle­lane streets plus the swing bridge at Maria Street.

Jones said at an open house at Time Square in June that con­struc­tion on his com­plex was still nearly two years away.

Other de­vel­op­ments planned for East City in the next few years in­clude:

> Ash­bor­ough Vil­lage (707 homes east of the Lift Lock Golf course);

> New Cana­dian Ca­noe Mu­seum (next to the Peter­bor­ough Lift Lock);

> East City Con­dos (a nine­storey con­do­minium build­ing on the va­cant south­west cor­ner of Ar­mour Road and Hunter Street East, next to the for­mer hospi­tal).

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