June 10, 2026

The Panel considered the cancellation of a Development Permit (DP) application. Jun Nan, Vice President of Xanadu Development Limited Partnership (the property owner), provided background information on the applicant’s request to cancel DP 18-797127 issued by Council, noting that the owner no longer wishes to proceed with the approved development due to current and future market conditions and is requesting the landscape security deposit be released to cover expenses. Staff noted that (i) the cancellation of the approved DP would remove the notice of permit from Title, (ii) the existing zoning of the subject site would remain unchanged, (iii) the servicing agreement is also proposed to be modified to reflect the works constructed to date, and (iv) the subject site would require a future DP to redevelop.

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