Toronto Lakeside Residences | 158m | 49s | Pinnacle | Hariri Pontarini
- Thread starter UrbanAffair
- Start date
Riseth
Senior Member
I hope whoever takes over this site decides to redesign this proposal in the process.
cd concept
Senior Member
They'll also want to add some more height expansion too!
skywalker
New Member
I talked to the City officials, and this is what I have to report.
The Lakeside project has new ownership. Pinnacle has bought over the entire project from Greenland.
Greenland is out of the picture.
Pinnacle is working with the City to wrap up the approval process that were started by Greenland. The delay in the approval process in the last few months was due to the changeover of the ownership.
For the point of view of the application process, all the technical reviews and designs are done and the City is prepared to approve these. The critical item remains the East-West Road, where the RGW (180 Queens Quay) and now Pinnacle are contributing the land, and this should be expedited with Pinnacle in charge. The City is facilitating this.
The City official stated that in his view, ”The new owner is committed to finishing the project”
Pinnacle will be soon informing the buyers of the new ownership and the status of the project.
So my sense is that the final approval is imminent and Pinnacle, a very reputable builder, will want to expedite the construction. No more games and delays. It remains to be seen if they will abide by the current contracts signed with the buyers. I am hoping that they find value in sticking with the current buyers and focus on the construction, instead of going looking for new buyers at a higher price. Keeping fingers crossed.
The Lakeside project has new ownership. Pinnacle has bought over the entire project from Greenland.
Greenland is out of the picture.
Pinnacle is working with the City to wrap up the approval process that were started by Greenland. The delay in the approval process in the last few months was due to the changeover of the ownership.
For the point of view of the application process, all the technical reviews and designs are done and the City is prepared to approve these. The critical item remains the East-West Road, where the RGW (180 Queens Quay) and now Pinnacle are contributing the land, and this should be expedited with Pinnacle in charge. The City is facilitating this.
The City official stated that in his view, ”The new owner is committed to finishing the project”
Pinnacle will be soon informing the buyers of the new ownership and the status of the project.
So my sense is that the final approval is imminent and Pinnacle, a very reputable builder, will want to expedite the construction. No more games and delays. It remains to be seen if they will abide by the current contracts signed with the buyers. I am hoping that they find value in sticking with the current buyers and focus on the construction, instead of going looking for new buyers at a higher price. Keeping fingers crossed.
Northern Light
Superstar
Good work sleuthing out that confirmation!
DSC
Superstar
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The Lake @ Lakeside is being drained! They (presumably Pinnacle) have a new company ( https://continental-carbon.com/ ) dealing with the pumping of groundwater so I assume the "Lake @ Lakeside" will soon be in the past and even that they may return to excavating. Stay tuned!
Northern Light
Superstar
Here's your in print confirmation of the successful sleuthing in this thread; from The Lobbyist Registry:
badeel84
New Member
Can you or anyone else explain what does this mean? The lobbying part
Northern Light
Superstar
The Lobbyist Registry is so that the City records and makes public when businesses seek to speak to City Staff or Councillors about matters in which they have a financial interest.
Its a tool for transparency so you can see who the people in government are talking to and whether that may be influencing their decisions.
This is a link to the registry:
Lobbyist Registry Online Search
www.toronto.ca
mburrrrr
Senior Member
Pictures from today.
The water level was lowered over the last two weeks.
The water level was lowered over the last two weeks.
Whistleblower
New Member
It seems Aqua-Tech (Greenland's previous dewatering contractor) took legal action against both Greenland and Pinnacle, action filed June 22, 2023.
Abz
New Member
Oh boy, I hope this is not the start of more contractors suing this project
Just a note to say that any future posts to this thread that revolve around owing units in this complex will no longer be moved to the Real Estate thread for this project, which exists for owners to talk amongst themselves, but will simply be deleted. Repeat offenders may be banned.
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UtakataNoAnnex
Senior Member
...besides, I'd rather be reading about what they're planning to do with the lake at Lakeside now it's ran by a more competent developer here.
mburrrrr
Senior Member
From June 28. No site presence seen in the last two weeks. I haven’t check the water level since then.
