News   Aug 09, 2024
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News   Aug 09, 2024
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News   Aug 09, 2024
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Yes, that is definitely the site. The JLL has it listed as sold (https://powersearch.jll.com/ca-en/property/37831/1030-danforth-avenue) and the Theo building website is up so I'm guessing they haven't gotten around to removing the sign or still waiting for traction (sales, demand, etc).
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Does it make sense to add this to the map?
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    I haven't heard anything about this development. Has there been any movement?
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Thanks! Do you have any information about the new architect, builder or job?
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Looks like the listing was removed. Does anyone have access to see if it was sold?
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    East York-Old East York

    My WAG is that with the fundraising here (http://sfioanevanghelistul.ca/wordpress/2019/04/20/campanie-de-strangere-de-fonduri-pentru-cumpararea-noii-biserici-1108-greenwood-ave-toronto/) they were able to raise enough money to purchase and keep it as a place of worship. It is a guess but the...
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    Great to see it is making progress! Is the Spring 2020 occupancy still realistic?
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Look's like @Skeezix might have been right about biding their time (hopefully not land speculators). Perhaps someone familiar with the price of commercial land could provide their thoughts about the 8 mil price tag?
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    Another status update on Fortress website (nothing we don't already know as they are typically a month behind): https://fortressrealdevelopments.com/projects/platform-condos/ Although it is worth noting that @YDS pictures are being used for construction updates here...
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    For what it's worth they were still digging yesterday.
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    Thanks @YDS According to the Fortress site, a lot of the ones you mention are still pending a zoning approval and one even mention seeking another builder: https://fortressrealdevelopments.com/projects/mississauga-meadows-one/ Sounds like Platform is safe for now and hopefully doesn't get...
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    Unfortuantely I don't have access to the full article so I can't tell if this property part of the movement to seize. However, according to the Fortress site there are 20 active projects and the news article mentions 13 were siezed so odds are not good...
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    Seems to be quite a few issues with the builder. Hopefully the problems don't impact this building: https://canadanewsmedia.ca/2018/10/15/second-mortgage-brokerage-firm-tied-to-real-estate-developer-fortress-real-developments-shuts-down/
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    According to the builder's site it is 2 levels (65 parking spots): https://fortressrealdevelopments.com/projects/platform-condos/ However it does look too shallow for 2 levels. I'm assuming they are going deeper unless the equipment has already been removed?
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    According to https://condonow.com/Platform-Condos they decreased the suite size from 958 - 1228 sq ft to 645 - 1228 sq ft which, I'm assuming, lowered the average square foot cost from $855 to $806 (pretty big drop if you ask me for a building that is "sold out").
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Odd that they would be concerned with metering an old vacant building. Any guesses to what is up?
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Given the signs of the environmental cleanup company and the lack of demolition that was my thought.
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    Riverdale

    There might be a bit of reprieve. I walked by this place the other day and it appears as though an A&W has taken the space over and will be opening in the future (there is some renovation going on and signs for hiring). Not my first choice but better than a cheque cashing place.
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    Toronto Platform Condos | 31.09m | 9s | Sierra | Kirkor Architects

    There is a sign on the beer store that mentions they are closing March 18th. Looks like everything is on track for demolition in the summer.
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    Toronto Theo Condos | 27.74m | 8s | Condoman | Standard Practice

    Thanks for the information. It makes more sense now. As much as I hate to admit it I suspect you are correct (RE: land speculators).

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