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Area residents had a chance to preview 10 York drawings at a recent community meeting about the project. The main concern raised was how to deal with cars accessing the building.

“It’s an appropriate place for a condominium, we just have to understand how it’s going to fit on the site, as opposed to whether it should be on the site,” Councillor Adam Vaughan said. He said there are a handful of other sites in the area, including the former OPP headquarters on Harbour Street and the Harbour Commission, which are ripe for redevelopment, and approving 75 storeys would set a precedent.

“Even if you put a 40-storey building, some of the issues that were raised at the community meeting are still the same. It’s really a question of getting cars in and out,” Councillor Vaughan (Trinity-Spadina) said.

Toronto has 163 high-rise buildings under construction now — the most of any city in North America — according to a recent city report. New York is runner-up with 99.

Edward Skira, publisher and owner of Urban Toronto, said that at some point, higher buildings may cease to be economically viable, and the push to go taller will slow down.

“On the other hand, 10 years ago, 20 storeys were the economic maximum,” he said. “Now, because of the green belt and population growth, it might come to a point where it is economically viable to build 120 storeys at Yonge and Bloor because there is so much demand.”