CAMBRIDGE — GSP Group Inc., representing 2699380 Ontario Inc., has proposed a significant development project for properties located at 61, 63, 65, 67, and 69 Ainslie Street in the City of Cambridge.
The project aims to transform the site into a mixed-use development featuring commercial and residential spaces, accompanied by two towers of 15 and 20 storeys in height, respectively.
The site earmarked for development spans approximately 7,251 square metres (0.73 hectares), with subsequent land dedications reducing the area to 6,519 square metres (0.65 hectares).
The project outlines an allocation of 794 square metres of ground floor space for commercial purposes alongside 392 residential units.
Parking provisions include a total of 318 spaces, including 13 spaces designated for shared commercial and visitor use.
The proposed development seeks to modify the existing zoning, currently designated as Commercial Use Class One and Residential Use Class One (F)C1RM1 S.4.2.4, to accommodate the ambitious plans.
This modification would enable the creation of a mixed-use complex comprising a five to seven-storey podium with two towers rising to heights of 15 and 20 storeys.
Applications for Official Plan and Zoning By-law amendments have been submitted to facilitate the proposed development.
The amendments are essential to permit adjustments such as increasing the maximum allowed density from 2.5 Floor Space Index (FSI) to 4.4 FSI, as well as allowing an increase in the building height to 55.0 metres, exceeding the current 15-storey limit.
Additionally, site-specific zoning provisions have been proposed to address various parameters such as building setbacks, parking ratios, and allowable commercial floor areas.
Examples of the proposed setbacks for the site include but are not limited to a reduction in the minimum exterior side yard to 1.0 metres and a reduction in the minimum rear yard to 1.5 metres.
Additionally, a special provision has been requested to reduce the required number of parking spaces.
Currently, the site requires a minimum parking rate of 1.0 spaces per unit, whereas the applicant is proposing 0.78 spaces per unit.
Existing structures on the site, including a disused bowling alley, are slated for demolition to make way for the proposed project.
The development plan includes ground floor commercial spaces, with residential units situated above.
Transportation infrastructure plays a crucial role in the development, with provisions made for improved access and connectivity.
Directly north of the site lies the Ainslie Street Grand River Transit (GRT) bus terminal, situated at 35 Ainslie Street S.
This terminal serves as a major transportation hub, offering connections to various bus routes that provide access to key destinations across the region. The bus routes available from the Ainslie Street terminal include routes 53,54,55,57,58, 59, 63, 202, 206, and 302.
Furthermore, vehicular access and parking arrangements have been carefully considered, with underground parking facilities and provisions for bicycle parking to encourage alternative modes of transportation.
Setback requirements and building heights have been meticulously planned to mitigate visual impacts and ensure adequate separation between structures.
Additionally, the project’s proximity to the Ainslie Street Grand River Transit (GRT) bus terminal underscores its strategic location within a major transit station area (MTSA).
While the proposed project holds promise for revitalizing the designated site and enhancing urban amenities, it remains subject to further regulatory approvals and community consultation processes.
In summary, the proposed mixed-use development in Cambridge represents a significant step towards urban renewal and sustainable growth, signalling a vision for a vibrant and inclusive community in the heart of the city
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