Loretto development passes hurdle

From Niagara This Week:

A highrise development slated for the land along Stanley Avenue which is home to the former Loretto Academy has passed another hurdle — but not without conditions.

Council endorsed a staff recommendation to approve an application building form and zoning changes sought by backers of the project, provided they meet a series of conditions, including the province signing off on a Stage 4 Archeological Assessment of the property and completion of a microclimate study “to mitigate pedestrian level impacts on the Our Lady of Peace Chapel, located to the south of the property. As well, the proponents will need to execute a Section 37 agreement with the city for each of three buildings based on five per cent of the construction value — in this case $388,000 for streetscaping work. The proponents, as a part of the Section 37 agreement will need to include provisions to preserve and restore the Loretto Academy.

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