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The City needs to cap the unit count because the incoming pipes and outgoing sewers are already over capacity. When CityPlace was first dreamed up in the late 90s, certain densities were targeted and the deep infrastructure constructed at the time was intended to meet (exceed slightly, to be...

Shockingly, approval recommended: https://secure.toronto.ca/council/agenda-item.do?item=2025.NY28.15

Approval recommended: https://secure.toronto.ca/council/agenda-item.do?item=2025.NY28.9

Approval recommended: https://secure.toronto.ca/council/agenda-item.do?item=2025.NY28.6

Approval recommended: https://secure.toronto.ca/council/agenda-item.do?item=2025.NY28.5

No, they did own it briefly (bought it from Triaxis who did the reno post-Marty Millionaire around 2016 or so), but lost it in a broader liquidation of all their real estate assets in 2021. It was then picked up by 339 QSE Limited which is controlled by Generation which represents said family...

Not them. Generation Capital is another wealthy, famous, Canadian family...

None of it is "complete", nor will it be for a good while yet: https://renx.ca/near-complete-yonge-ellerslie-project-in-receivership-with-185m-owing

Been in the works for about a year now. They hadn't seen any interest in the office space there. Nice to have a brand locked down and Marriott is a pretty good one.

Constructing is even harder.

This thing looks terrible.

It's the applicant's (Generation Capital) responsibility to secure a Limiting Distance Agreement with TPL if they wish to do this.

What do you think?

Yikes.

https://secure.toronto.ca/council/agenda-item.do?item=2025.GG23.25 $25M for a vacant office building. JFC...

Sorry dude, it's not gonna happen.

Generation Capital Limited are behind "339 QSE Limited" and are the proponents here, @Northern Light.

I don't have a number, but it sounds like this informed the decision not to proceed in the past: