A settlement has been ratified with an interim order by the Ontario Land Tribunal (OLT) for 120 Bouchette Street<\/a> in Toronto\u2019s McCleary District in the Port Lands. Designed by Turner Fleischer Architects<\/a> for Development Collective<\/a> and 1956565 Ontario Inc.<\/a>, the proposal has evolved from a three-tower scheme up to 49 storeys into a two-tower plan rising 53 and 56 storeys. Located within the East Harbour Protected Major Transit Station Area, the plans now include affordable rental housing.\u00a0<\/p>\n The 7,353m\u00b2 site occupies the southwest corner of Lake Shore Boulevard East and Bouchette Street. Currently developed with a warehouse and surface storage yard, the property reflects the Port Lands\u2019 longstanding industrial character.\u00a0<\/p>\n An Official Plan and Zoning By-law Amendment application for 120 Bouchette Street was submitted in May, 2024<\/a>, proposing a three-tower redevelopment. The owner appealed to the OLT in January, 2025. While Council initially directed staff in June of that year to oppose the proposal at the Tribunal, subsequent mediation led to a without-prejudice settlement offer in September, 2025, which Council endorsed in October<\/a>.<\/p>\n The revised plan consolidates the earlier three-tower arrangement into two taller buildings rising from a shared base, with heights of 53 and 56 storeys, or 188.82m and 198.12m. The original submission proposed towers of 43, 46, and 49 storeys reaching up to 163.2m. Podiums would step from 10 storeys along Lake Shore Boulevard East to 8 storeys at the south end, with a 12-storey element fronting Bouchette Street and a 16-storey pop-up at the northwest corner. A centrally located POPS (Privately-Owned Publicly-accessible Space) spanning 203m\u00b2 has been introduced, opening into an internal courtyard near McCleary Park.<\/p>\n The earlier proposal comprised 1,626 units within approximately 119,987m\u00b2 of Gross Floor Area (GFA), primarily residential, with 2,840m\u00b2 of live-work space and 1,989m\u00b2 of retail. The settlement reports up to 1,754 units and a total GFA of 127,868m\u00b2, including 120,469m\u00b2 of residential space, 2,399m\u00b2 of retail, and 5,000m\u00b2 dedicated to Production, Interactive and Creative (PIC) uses. The Floor Space Index has risen from 16.79 to 17.39.<\/p>\n Amenity space entails 3,621m\u00b2 of indoor and 2,512m\u00b2 of outdoor area distributed across the podium and rooftop levels. The earlier scheme proposed approximately 6,708m\u00b2 of combined indoor and outdoor amenities divided evenly, including a second-floor business centre linked to 39 live-work units. The new plan replaces the live-work component with secured PIC space. It formalizes affordable rental housing, offering either 10% of residential gross floor area for 25 years or 6.5% for 99 years, to be secured through a Section 37 in-kind contribution agreement.\u00a0<\/p>\n Above the podium, tower spacing now meets or exceeds 40m beyond the 20-storey datum, up from the minimum 25m separation shown in the initial submission. Vertical circulation would be handled by 13 residential elevators and two additional lifts connecting the garage to the second floor, resulting in approximately one elevator per 125 units, indicating that high-speed motors would be required for adequate service.<\/p>\n Below grade, two levels of underground parking remain, though supply has increased. The original proposal provided 177 resident and 54 visitor spaces, totalling approximately 231 stalls. The revised scheme lists 273 residential vehicular spaces. Bicycle infrastructure has likewise expanded, from 1,468 long-term and 326 short-term spaces plus 14 for retail in the earlier iteration, to 1,579 long-term and 351 short-term residential spaces, alongside 16 retail and 23 PIC spaces.<\/p>\n The site sits approximately 600m from the future East Harbour station<\/a> now under construction, which will integrate GO Transit service with the Ontario Line 3<\/a>. Surface transit is currently provided by the 72 Pape bus, while planned extensions of Broadview Avenue south into the Port Lands are intended to accommodate future LRT service connecting to the proposed Waterfront East LRT along Commissioners Street. Cycling connections include the Martin Goodman Trail running just south of Lake Shore Boulevard East and additional routes along Villiers Street, Saulter Street, and Commissioners Street.<\/p>\n Intensification is accelerating across the surrounding blocks. To the west, 115 Saulter Street South<\/a> is proposed at 47 and 53 storeys, while 685 Lake Shore Boulevard East<\/a> has secured approvals for towers of 54 and 58 storeys, and CreateTO<\/a> is advancing the McCleary District<\/a> as a mixed-use community framework. To the south, the Basin Media Hub<\/a> envisions studio and office buildings up to five storeys, while 280 Commissioners Street<\/a> proposes additional 40- and 45-storey towers. To the northwest, the 60-acre East Harbour<\/a> redevelopment is planned with 15 commercial buildings ranging from 23 to 65 storeys.<\/p>\n UrbanToronto will continue to follow progress on this development, but in the meantime, you can learn more about it from our Database file, linked below. If you’d like, you can join in on the conversation in the associated Project Forum thread or leave a comment in the space provided on this page.<\/p>\n * * *<\/p>\n UrbanToronto’s research and data service,\u00a0<\/em>UTPro<\/em><\/a>, provides comprehensive data on construction projects in the Greater Golden Horseshoe\u2014from proposal through to completion. Other services include\u00a0<\/em>Instant Reports<\/em><\/a>, downloadable snapshots based on location, and a daily subscription newsletter,\u00a0<\/em>New Development Insider<\/em><\/a>, that tracks projects from initial application.\u200b<\/em><\/p>\n <\/imgx><\/imgx><\/imgx><\/imgx><\/imgx><\/imgx><\/imgx><\/imgx><\/div>\n<\/div>\n <\/p>\n \t\t![\"-\"](\"https:\/\/cdn.skyrisecities.com\/release\/img\/more-content.png?14728329492\")
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February 17, 2026 by Anthony Teles<\/span><\/span>\u00a0\u00a0
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\u00a02K\u00a0<\/span><\/div>\nOLT Ratifies Settlement for 53- and 56-Storey Towers in the Port Lands<\/span><\/p>\n<\/div>\n