toronto647
Active Member
Here is a birds eye view of the site. Few notes:
- crosstown place has 2 cranes on it.
- Aspen Ridge Office (to the right of the 2 cranes) seems a bit stalled since a bit now... probably because the townhomes are now delayed to Spring 2022. I assume Aspen Ridge is waiting on the TTC/Metrolinx to confirm the opening date of the Eglinton LRT and have that as confirmed news prior to release.
- Crosstown 1, 3 & Crest sites seem to have demolishing work and site cleaning going on still. Approval from the city planning folks still hasn't been received and based on there last submission wont be getting an approval anytime soon. With a harsh winter I would assume construction wont start still next year. They have already notified the owners of enacting the unavoidable delay clause due to covid-19 so there isn't a major rush. Investors probably don't care either since they can build up more equity and the Eglinton LRT operations can be in full swing and also Ontario Line construction can start in that area. I assume Ontario Line construction will be the next catalyst to increase prices substantially in this area similar to how the Eglinton LRT was.
- Aspen Ridge also submitted development applications to increase the size of some of the mid rise buildings... will be interesting what direction the city ends up going in
Enjoy the pics
- crosstown place has 2 cranes on it.
- Aspen Ridge Office (to the right of the 2 cranes) seems a bit stalled since a bit now... probably because the townhomes are now delayed to Spring 2022. I assume Aspen Ridge is waiting on the TTC/Metrolinx to confirm the opening date of the Eglinton LRT and have that as confirmed news prior to release.
- Crosstown 1, 3 & Crest sites seem to have demolishing work and site cleaning going on still. Approval from the city planning folks still hasn't been received and based on there last submission wont be getting an approval anytime soon. With a harsh winter I would assume construction wont start still next year. They have already notified the owners of enacting the unavoidable delay clause due to covid-19 so there isn't a major rush. Investors probably don't care either since they can build up more equity and the Eglinton LRT operations can be in full swing and also Ontario Line construction can start in that area. I assume Ontario Line construction will be the next catalyst to increase prices substantially in this area similar to how the Eglinton LRT was.
- Aspen Ridge also submitted development applications to increase the size of some of the mid rise buildings... will be interesting what direction the city ends up going in
Enjoy the pics
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