Toronto 241 Church | 170.7m | 53s | Graywood | Turner Fleischer

If the final development looks somewhat like the rendering. With the dark cladding and trim around the supposedly mirrored like windows etc. Then this building should look very nice from afar in my opinion!

On top of that, it should really add to the way Church street is developing a nice little canyon. I love all the new buildings going up on Church.
 
Drill baby, drill...
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2 facts about the loft building [The merchandise building] , yes there are some brilliant layouts , BUT the sound insulation between units, is abysmal , to say the least.
Also back when the engineering building was being built /2001, right to the west of this lost building Ryerson had a chance to build a 33 storey tower designed by Santiago Calatrava.The loft owners destroyed that possibility , and the city caved in to the loft owners .
Have to chime in here as I've lived in Merchandise for 12 years, and currently occupy the ground floor corner unit directly across from this construction site (old Esso station). I've lived in 2 units in this building. I'm also the President of the Board of Directors for TSCC 1565 (Phase 5), so have some inside information about the history and inner-workings of this building. ;)

The layouts are generally pretty horrible imo. The interior design when they converted this building was done by Ryerson students to save money - and most units feel like a school project gone wrong. Most fixtures have fallen apart, bathtubs leak and have to be replaced, and overall construction quality (by Eastern Construction) was shocking. We gutted our 3 bedroom to rethink the whole layout, and found utterly stunning construction methods - the metal studs holding the inner walls together weren't bound together so they just flopped around once the drywall was removed. Tim Horton's cups and other garbage was thrown into wall cavities by workers. Insulation between ceiling slabs in hot areas like the boiler rooms was omitted, allowing heat to pass through units. Eastern really rushed the job, clearly.

That said, I've never had an issue with insulation between units. I have a music production studio in one of my bedrooms and never once had a noise complaint. I've lived in many condos in Toronto, most of which had paper thin walls - this building however, that is not the case. Some walls are thick 100-year old concrete that is hard to even drill into. I'd say it's probably some of the best material for sound insulation between rooms I've ever seen/heard.
 
Have to chime in here as I've lived in Merchandise for 12 years, and currently occupy the ground floor corner unit directly across from this construction site (old Esso station). I've lived in 2 units in this building. I'm also the President of the Board of Directors for TSCC 1565 (Phase 5), so have some inside information about the history and inner-workings of this building. ;)

The layouts are generally pretty horrible imo. The interior design when they converted this building was done by Ryerson students to save money - and most units feel like a school project gone wrong. Most fixtures have fallen apart, bathtubs leak and have to be replaced, and overall construction quality (by Eastern Construction) was shocking. We gutted our 3 bedroom to rethink the whole layout, and found utterly stunning construction methods - the metal studs holding the inner walls together weren't bound together so they just flopped around once the drywall was removed. Tim Horton's cups and other garbage was thrown into wall cavities by workers. Insulation between ceiling slabs in hot areas like the boiler rooms was omitted, allowing heat to pass through units. Eastern really rushed the job, clearly.

That said, I've never had an issue with insulation between units. I have a music production studio in one of my bedrooms and never once had a noise complaint. I've lived in many condos in Toronto, most of which had paper thin walls - this building however, that is not the case. Some walls are thick 100-year old concrete that is hard to even drill into. I'd say it's probably some of the best material for sound insulation between rooms I've ever seen/heard.
wow , thank you for sharing all those details , serious worker /developer apathy.••••• I was referring to the smaller rectangular , long units regarding sound travel , . the larger symmetric 2 bedroom units facing west are well proportioned , and specifically 615 , in 155 Dalhousie .you are quite lucky to live in your unit , its a corner and you get to be at ground zero of urban heaven and hell yet you are removed because of your western set back because of the ''basement'' units .The cancellation of the 33 storey Calatrava tower was a travesty just because of the possible loss of loft views even though it was to be placed at Gould and church .I used to go to all the community meetings and when the Social was proposed , the loft nimbys lost their mind
 
wow , thank you for sharing all those details , serious worker /developer apathy.••••• I was referring to the smaller rectangular , long units regarding sound travel , . the larger symmetric 2 bedroom units facing west are well proportioned , and specifically 615 , in 155 Dalhousie .you are quite lucky to live in your unit , its a corner and you get to be at ground zero of urban heaven and hell yet you are removed because of your western set back because of the ''basement'' units .The cancellation of the 33 storey Calatrava tower was a travesty just because of the possible loss of loft views even though it was to be placed at Gould and church .I used to go to all the community meetings and when the Social was proposed , the loft nimbys lost their mind
Speaking as someone who owns one of those longer 1 beds. Can confirm noise transfer isn't fabulous. It is less music, talking, etc. more a thump here or there if someone is heavy on their feet or slams a door. Not the end of the world but def a thing. If I had to do it over again I'd have definitely landed on a wider 2 bed.
 
Yes, agreed - I had a longer 1 bed for about 6 years and it is definitely more the thuds and reverberating bangs n things - it's as if the skeleton of the building transmits thuds throughout the whole phase. Mid-range and high frequency noise is fairly well insulated compared to newer condos though, and that's the stuff that can get super annoying.
 
They're not going to get anywhere close to 95% LTC on this project. They bought the land for $200 PSF and have incurred substantial cost to rezone, sell condos, etc. Affordable points for MLI Select certainly do not pencil here, so they're likely going for a 50-point score on energy efficiency. 40-year amortizations won't get close to 95% on an income basis.

I would be surprised if they are even 100bps above cap rate on yields given the cost basis. I hope this gets out of the ground though.
Only 25% of the units need to meet the affordability criteria based on CMHC's rental rates. It's a new build, meaning they get a 50 year amortization, not 40 and at prime. It's a long game now, the losses will be made up quickly.
 

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