ushahid
Senior Member
Edward were you at the Great Gulf penthouse launch?
They've started shoring only 3 months ago. Pace is far from glacial here.good to see excavation finally starting. I feel that this has been moving at a glacial pace.
And they launched sales in what, 2016?They've started shoring only 3 months ago. Pace is far from glacial here.
Interesting tidbit here from a minor variance application submitted last week: they're looking to reduce the minimum number of required parking spaces from the current 0.28 parking spaces for each dwelling
unit to 0.16 parking spaces for each dwelling unit, citing lack of demand.
From the CoA doc:
The applicant is also seeking a reduction to the required number of residential parking spaces.
Parking for the Site was approved at 104 parking spaces, a rate of 0.28 spaces per residential
unit, with no non-residential parking required. In April 2019, LEA Consulting Ltd. (“LEA”), the
applicant’s traffic consultant for the Site, was asked to provide an updated assessment of the
parking supply. It was LEA’s conclusion that given the location of the proposed development with
regard to the availability of public transit (less than 250 metres to Yonge/Bloor Subway Station),
the proposed development is intended to be Transit Oriented Development, attracting residents
who choose to live without a car. As at the date of LEA’s assessment on April 26, 2019, of the
384 residential units, 322 had been sold while only 37 parking spaces had been sold, for an
“uptake” of 0.115 spaces per residential unit.
The proposed redesign would accommodate 65 parking spaces, a reduction of 39 spaces from
the currently approved 104 parking space supply. Even if the remaining unsold units had a parking
space demand, or uptake, equivalent to the approved zoning by-law requirement of 0.28 spaces
per residential unit, the reduced overall parking supply of 65 parking spaces would still provide a
surplus of 11 parking spaces. If the remaining 62 unsold units were to sell parking at the current
uptake rate of 0.115 spaces per unit, only an additional 7 spaces would be sold for a total of 44
parking spaces, and there would be a corresponding surplus of 21 parking spaces. We have
included the Parking Supply Assessment Letter, prepared by LEA Consulting Ltd., dated April 26,
2019.
Their rational may make sense in the short term but in the long run, I.e 20 years I think the approved number of parking space make better sense.
Exactly.I think it's quite likely that the exact opposite is true; I can't envision a reason why the prevailing trend of declining personal auto ownership would reverse itself.