Toronto 3180-3202 Yonge Street | 42.53m | 11s | Montcrest Asset Management | Richard Wengle
- Thread starter ferusian
- Start date
1Ć0
New Member
Yup. I think they spent over $30m on the assembly at roughly 125K SF GFA. So high $200/buildable. I assume they'd be looking for north of $300/buildable to make their money back and a bit of profit
ProjectEnd
Superstar
1Ć0
New Member
Piece of cake in today's market. I'm sure bidders are lining up
Northern Light
Superstar
Residential Demolition Application to the next meeting of NYCC - Refusal Recommended:
The key here is the usual, that no building permits have been applied for as yet.
The key here is the usual, that no building permits have been applied for as yet.
Midtown Hank
New Member
"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 could start construction without delay? Also, see this as very low probability that Montcrest will develop, rather they are trying to get demolition and added height to justify their high asking price.
My understanding is they are also looking to add 4 more stories, so not sure how they think they could start construction without delay? Also, see this as very low probability that Montcrest will develop, rather they are trying to get demolition and added height to justify their high asking price.