Toronto 41 Talara Drive | 147.25m | 43s | Elysium | BDP Quadrangle

[ProjectEnd]

Not much info yet, but another acquisition for Elysium up in North York:

How One GTA Development Firm Is Making Big Moves In A Complex Market

First from the Baltics to Toronto, and now from Talara Drive to student rentals, Elysium’s trajectory reflects more than just speed — it reflects a data-backed approach to housing innovation.

storeys.com

 

[Northern Light]

Not much info yet, but another acquisition for Elysium up in North York:

How One GTA Development Firm Is Making Big Moves In A Complex Market

First from the Baltics to Toronto, and now from Talara Drive to student rentals, Elysium’s trajectory reflects more than just speed — it reflects a data-backed approach to housing innovation.

storeys.com

Oh dear, the flowery description of the site/plan would make a wine label maker blush....
'

Aerial Pic of the assembly:

site size: ~22,000ft2

Streetview of these properties:

This is the magical park next door * street view hasn't been updated since 2007

 

[innsertnamehere]

Yes, all about the park and nothing about the 17 lanes of freeway next door!

Being a 5-minute walk from the infamous Bessarion station is a plus though.

 

[Northern Light]

Article on this one over at Renx. Not much in the way of new detail except that this will have a pre-application meeting in the near future.

Elysium adds to Toronto apartment development site pipeline

Proximity to transit is a guiding principle for Toronto developer Elysium's acquisition strategy, a feature that was again demonstrated by its latest purchase 41-47 Talara Dr. The firm has also launched a student housing division, Yarra.

renx.ca

 

[Northern Light]

This one has arrived in the AIC:

Old AIC link: http://app.toronto.ca/AIC/index.do?folderRsn=5762675

Height: 43s

Architect: BDPQ

Tenure: Rental

@Paclo

From the above:

Site Plan:

Ground Floor Plan:

Typical Floor Layout:

Description:

Elevator Ratio: 3 elevators to 369 units, or 1 elevator to 123 units.

 

[xy3]

Looks quite utilitarian

 

[mferna]

Read our new update on this development here.

 

[jmi22]

37 parking spaces for 369 units at Bessarion and Shep East is optimistic enough to make even the most devout urbanism booster blush.

Somebody must be very bullish on the market to think these units will pull in rents anywhere near what's needed to make the project worthwhile, as they are essentially targeting only those earning below what is needed to purchase a vehicle in a very car-dependant area. Some ticky-tack midrises to the west and spandrel clad-skyscrapers to the east doesn't mean this is some walkable paradise all of the sudden. The urbanism resembles that of Dubai more than the Annex.

 

[north-of-anything]

What a squeeze. Instead of trying to squeeze in under-500 studios to really stuff those elevators, maybe this property is better served as offsite parkland acquisition for somewhere a little less... nowhere.

It's not like this area has a shortage of low density properties.