Toronto Cumberland Square | 253.92m | 75s | KingSett Capital | Giannone Petricone

[ProjectEnd]

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Steven Crowder memes? Jesus Christ dude. Stop now, while you're significantly behind...

 

[maestro]

Kingsett has rezoned several huge land parcels - creating a lot of value. Projects they have touched include 33 Yorkville, YSL, and others. They know what they are doing.

They do occasionally build too - 700 Bay is a partnership between them and Bentall Kennedy I believe.

Bentall Kennedy would be the developer in that partnership and probably represents some unknown owner. Kingsett does have long term income funds but the big money funds are the ones that buy, sell and, invest in developers.

 

[GabrielHurl]

Got a note in the mail yesterday for the upcoming community consultation

The City is holding a Community Consultation meeting for 2 Bloor St. West where you can learn more about this application, ask questions, and share your comments.

The consultation will be held:
Date: Thursday, February 21, 2019
Time: 7:00-8:30 pm
Place: Marriot Hotel, Room: High Park 1 and 2, 90 Bloor Street East

This application proposes a mixed-use development consisting of three residential towers, 50, 66 and 69 storeys in height, with a 4-storey base building for the east tower and a 9-storey base building connecting the middle and west towers. A 1,807 square metre open space is proposed on Cumberland Street as well as a 199 square metre open space on Yonge Street.

 

[RonThom]

Bentall Kennedy would be the developer in that partnership and probably represents some unknown owner. Kingsett does have long term income funds but the big money funds are the ones that buy, sell and, invest in developers.

KingSett is the definition of a big money real estate fund in Canada. They have raised $10 billion of equity capital in the last 20 years.

 

[ushahid]

they have raised all that money by flipping all the properties. they don't even build 10 % of their proposals.

 

[RonThom]

they have raised all that money by flipping all the properties. they don't even build 10 % of their proposals.

No, $10 billion is the equity they have raised from investors, not the returns they have made & profits they have earned. Also development is only one component of a very wide range of real estate related investing that they do, including mortgages, income funds, and even private equity investments in operating companies. Good website: http://kingsettcapital.com/whatwedo/funds

 

[ushahid]

DRP voted in favor

"Big Ask, Big Give": Cumberland Square Makes DRP Debut | UrbanToronto

KingSett Capital's plan to redevelop the Cumberland Terrace site in Downtown Toronto with three new towers, one as high as 75 storeys, was presented to the City's Design Review Panel last week.

urbantoronto.ca

 

[ushahid]

and now the towers are 75floors, 61floors and 50floors (243m, 218m, 178m)

 

[Koops65]

A zoom-in:

 

[AlvinofDiaspar]

The updated proposal looks even worse than what was proposed.

AoD

 

[Koops65]

A more refined look:

 

[Obsidian]

Are those blank walls on the sides of the two shorter towers?

 

[cd concept]

Are those blank walls on the sides of the two shorter towers?

I think it looks great we need some solid walls in this development because there's too much class in the new buildings these days.

 

[Obsidian]

I think it looks great we need some solid walls in this development because there's too much class in the new buildings these days.

of the 3 buildings, the only one that looks nice is the tall, all glass one

 

[Automation Gallery]

of the 3 buildings, the only one that looks nice is the tall, all glass one

Hey but the DRP loves it