It's just a good, stabilized, Class B building with decent rents and on an excellent land basis. KS has some of the deepest pockets in the industry and can afford to hold things that will make sense in ten years. Nothing more, nothing less.
I know what you mean academically, but it's absolutely filled with asbestos and nobody (save the government, as we've seen with the most recent tenancy) is paying the rents that would warrant a full abatement and restoration. It certainly is a beautiful building, but given the aforementioned...
Resubmitted in August at 48 and 52 storeys:
https://www.toronto.ca/city-government/planning-development/application-details/?id=5414063&pid=440347&title=1125-SHEPPARD-AVE-E
ANX, Bianca, 500 Dupont, The Dupont, Fuze / Fuze 2, The Dimond, and The Spoke all feature this set up as well. Funny enough, part of the reasons 328 Dupont, in its original form, failed at OMB was because it didn't follow this format.
25m from centre line of the nearest track is the FRA rule-of-thumb. See below re: crash wall. Mimico will absolutely have this as well, there's no getting out of it.
They are pouring it in that second image. You can see the formwork (the yellow and silver lattice looking thing) at the end of...
Force banks and lenders to rid themselves of the 70% presale requirement and things would get better overnight. This, however is anathema to those parties (who are by nature allergic to risk), so without any pressure from the federal government and BoC, which are likewise scared shitless of...