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Deposits are held in a law firms trust account, which accrues next to 0% interest. The developers didn't earn any money off that deposit either. This one particular grievance of many isn't well founded. Don't bother trying to get any interest from the project! It's shocking the lack of...

The glass wall bordered on tacky in the rendering, but in real life it looks much much better. Good job!

To my knowledge, CMHC stats on residential vacancy do not take into account condo rentals AT ALL.

It could be a transfer slab dealing with alignment issues between the structural walls and columns in the parking garage and the structural walls and columns above. These slabs transfer loads between these walls and columns which in a perfect world would be aligned vertically. Maybe what...

I love this building. That's all I've got to say.

Except that there will be a Whole Foods within the development, not across Yonge or a few blocks north...

I'll answer my own question - the latest proposal that went to council for Aura, which was rejected, had an FSI of 15. I imagine it's the same as what is being built now.

That is unbelievably dense! I have no problem with a 45 story tower, but an FSI of 20 is just ridiculous. Can anyone name a development that has gone up in the city in the last 10 years with an FSI over 10 even?

It's hard to judge density based on height, FSI is a much better tool - and I suspect the FSI (floor space index - gross floor area/site area) for this proposal is far above M5V or festival tower simply due to the small size of the property. Does anyone know what the FSI is for this proposal?

You sure they didnt just buy the first mortgage?

I don't think this is an OMB decision, it is a negotiated settlement with the city.

sunnyray, the developer isn't exceeding density limits. The property allows for 4.5 times density, with an allowable 33% incentive subject to price/sqft and section 37, totalling 5.95 times. The development also is comprised of 33% commercial, 200,000 sqft of LEED class A office space, some...

http://www.theglobeandmail.com/servlet/story/RTGAM.20081205.reBelford1205/REStory/RealEstate/home

http://www.theglobeandmail.com/servlet/story/RTGAM.20081205.reBelford1205/REStory/RealEstate/home

MG, It will have a significant impact on development projects in the city, even without considering if buyers believe real estate, and particularly condo's, are a better investment over the next couple of years than say stocks. The main issue here is project financing. More than a year...

It may have to do with the difference in slab to slab heights between office and residential. 10 storeys of office is pretty much 15 storeys residential, so although it only has 45 storeys, its equivalent to a 50 storey all residential building.

There is a height limit of 100m, which equals for the most part 30 storey's residential. Can we change the title of this thread to Hullmark Centre, which is the name the development is being marketed under? It's so jumbled right now.

I'm prefacing this post with a call to refrain from automatic flaming. Let's try to look at this debate from another angle. There are obviously many people out there who hear negative rumours about this project, about Bazis trying to sell, about problems financing, about paying their...

It may be a land use question. The 3 towers they originally had on the site plan included an office tower. The City wants office space built. However, Menkes won a decision at the OMB up the road that sets a precedent for residential land use on a commercial site. Bazis probably decided to...

Have they even made a formal application yet? My understanding is they haven't, but have gone to market anyways. These guys give developers a bad name!