60 Yonge Street (Lanterra, ?s, ?)

[innsertnamehere]

While the TBG and the ZBL are both hardly hard limits - the ZBL at least has some root in actual law. And it says 76m. Regardless, given the price here, we are likely looking 200m+.

Also, the TBG have a height limit of 182m as this fronts onto Yonge.

 

[jje1000]

I wonder how old the building is- whether or not it was reclad at some point in time.

Regardless, I could see them doing offices in the podium, with a residential tower on top.

Edit: Probably not:
http://www.acotoronto.ca/show_building.php?BuildingID=1910

 

[UrbanAffair]

I am curious, does anyone know how developers generally go about their assemblage of property in order to have enough land for a feasible development? Meaning, do they get a 'foot in the door' property sometimes so to speak, sort of like how 60 Yonge is the first property purchase for Lanterra in this location? ( 48 Yonge doesn't appear to be owned by them - yet.)

 

[innsertnamehere]

Do they even neccessarily need another property here? They could probably manage a Tux like development form here.

 

[UrbanAffair]

Perhaps, but would the allowed density bring in enough return compared to the current use? It is a 12 storey office building after all. The building next door - Victoria Hotel - sold for around 20 mill earlier this year also to an investment company from BC - BCIMC. 56 Yonge, south of that, hasn't sold recently I don't believe.

 

[Automation Gallery]

Perhaps, but would the allowed density bring in enough return compared to the current use? It is a 12 storey office building after all. The building next door - Victoria Hotel - sold for around 20 mill earlier this year also to an investment company from BC - BCIMC. 56 Yonge, south of that, hasn't sold recently I don't
believe.

Hmm? can this thread have anything to do with the proposal @ 25 King W..https://urbantoronto.ca/forum/threads/25-king-st-w-64s.28164/

2

 

[interchange42]

No, 60 Yonge is still Lanterra. 56 Yonge, or Hotel Victoria, has become part of the Commerce Court 3 proposal. That thread is linked here.

42

 

[UrbanAffair]

Ok, that makes much more sense. Going to be a bit tight on the setbacks in there.