It looks as though David Mirvish will get the condo towers he wanted on King Street.
He's also going to be able to keep the Princess of Wales Theatre intact.
According to several sources, Mirvish, architect Frank Gehry and Toronto city staff have been working on a compromise to get giant condos built on King St., while keeping heritage buildings in the area.
The new plan would see two condo buildings, instead of three, and much taller than original specs. The two buildings would soar 92, and 82 storeys respectively. But while it's taller, Mirvish and Gehry say it's actually smaller in scale.
It would also see the Princess of Wales Theatre, and several warehouses stay as they are.
Toronto Chief Planner Jennifer Keesmat said she'll recommend the new plan to council which still has to OK the idea, as will the Ontario Municipal Board.
Council will likely have a look at the plan in July.