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1. Materials may be ordered, but doubt they've paid. Unpaid bills rank low in priority as suppliers become unsecured creditors. The bank has first priority as they are the secured lender. 2. Budget is meaningless at this point. Maybe they lose more by capping lower? Maybe they lose more by...

https://www.thestar.com/business/the-value-of-luxury-condo-the-one-is-now-about-half-its-asking-price-what/article_57e97700-2e50-11ef-938f-2727503a1020.html?utm_medium=social&utm_source=copy-link&utm_campaign=user-share I wouldn't be surprised if they cap this short of 85. If they can't find a...

"We would like to move forward with the demolition process soon so we can start construction without delay once the other approvals (i.e. site plan approval and a building permit) are in place." My understanding is they are also looking to add 4 more stories, so not sure how they think they...

The economics of this project appear to be so staggeringly poor that I'm amazed the lender hasn't ceased funding and capped construction until a buyer is found.

Would be very interested to know as well. Methinks they should tax these sites on what they are approved for. Would certainly make the speculators think twice before asking for sky high density that they have no intention of actually building out themselves.

The block plan shown in the submission certainly looks like a developer panacea. Notice how the 'proposed' dwarfs the 'recently approved'. Sure hope the city isn't in sync with this. Intensification is fine, but not every new proposal has to exceed 50 storeys.

Opposing this seems nuts. The alternative would be proposing a 20 storey condo - the city & RA's would oppose it - developer take it the OMB. Developer wins. Waits 6 months and through a minor variance take it to 25 storeys.

Question to the planning/legal folks: we are seeing more of these minor variances adding height/density (not always so minor) to a number of projects almost exclusively to improve the pro forma economics of a development. Once a developer secures the minor variance, can they simply sit on the...

I agree, but am told one of the major issues is MPAC reassessment, which makes small storefront uneconomic post redevelopment. They have to address that issue - basically grandfather the tax rate if the storefront retains the same street exposure (dimensions). Curious to see the wind...

I would agree with Bozikovic that the site makes sense for intensification. At 6 or 7 storeys, no one bats an eye. I don't like the proposal, but that's personal taste. I think Montgomery's last words are legit. A site zoned for Neighbourhoods (low rise residential) is being changed to...

This to me this is just awful. I don't get it. Maybe someone can explain any redeeming qualities? I understand the desire for greater density with the light rail station, but this stands out like a lighthouse on an island. Supported by the local resident's association? What am I missing?

With all the new density proposed for the immediate area, I don't understand why this proposal has not be revised?

I have no issue with Wengle or the overall design. I just think some low rise neighbourhoods have more value historically and aesthetically than others. For me, the Annex & Cabbagetown fall into that category. Every major city with some history will have neighbourhoods worth protecting. I'm...

Always thought the original entrance off University was one of the great entranceways to any building in the city. Hope it can somehow remain relevant.

Agree on the podium height, but disagree on the overall height. Midblock, abutting low rise neighbourhood, should not allow for a "tower". I would guess the city and the planner on file are OK with it, which means the neighbours, if they want to fight this, will be in for an expensive battle...

I don't see how this works without the parcel to the NE, but I guess we'll find out. Because of the MTSA, the density asks in the area are super aggressive.

With all the added density in the area I'm wondering how long before this project gets a new application?

What ever happened to this one?

IMHO, I think this gets it right from a density perspective. The site is surrounded by 2 and 3 storey homes, but is only 2 blocks from the Lawrence subway station. This should set a precedent encouraging taller/higher density builds closer to the station. Yonge & Lawrence could easily...

Amazed that these type of minor (some major) variances seem to be the new norm for CofA. Negotiate like hell with the city & public. Settle on a height (storey count) to avoid the OLT and then try and change it later at CofA? What gives?