Midtown Urbanist
Superstar
I'm kind of intrigued to see the design built, but preferably in Scarborough or Markham, not in downtown.
Right, I hope the bougie condo yuppies will respect the recovering addicts.I wonder how the area will gentrify with the Fred Victor house right around the block.
The building does not have zoning approval, let alone a site plan application submitted to the City, and no sales (although the Cortel group could decide to go rental if they wanted). Either way, it will be quite a while still.Hi guys, just saw some guys taking away the construction and "for lease" signs at the parking lot? Does anyone have a good guess when pre-construction might start?
The building does not have zoning approval, let alone a site plan application submitted to the City, and no sales (although the Cortel group could decide to go rental if they wanted). Either way, it will be quite a while still.
42
Sorry to say @MitchV, but you never know at what speed the City will finish their review, whether the developer will appeal to the LPAT or not if they feel the City is moving too slowly, how long it will take the LPAT to schedule a hearing if they go that route, whether the developer will negotiate with the City in the meantime should they go the LPAT route, at what point the developer will feel ready to start sales, and then how long it will take to get enough sales to secure financing from the banks… there are simply too many variables for us to have an for any particular building. Anyway, Happy Thanksgiving to you too!Thanks, 42. Just walked by again and noticed that the "for lease" sign has been replaced with an advertisement for a cannabis store which is apparently setting up shop in there I assume they must have signed at least a 2 year lease.
I just saw that they submitted their first proposal in 2018 and had a townhall in 2019 but couldn't find any further information on the progress. I have very little knowledge of these timelines but based on your experience, how long does it typically take a developer to start construction once a zoning approval has been granted?
All the best & Happy Thanksgiving, Mitch