Toronto Quayside | ?m | ?s | Dream

[Northern Light]

The ZBAs for Blocks 1 and 2 will be coming to the July meeting of TEYCC, as a Decision Report - Approval Recommended:

https://www.toronto.ca/legdocs/mmis/2024/te/bgrd/backgroundfile-247148.pdf

From the above:

****

Approvals are subject to a Holding provision:

Whats being approved here is in orange below:

 

[Paclo]

Total bike parking for Blocks 1 & 2 has increased from 3192 to 3212 in a minor, otherwise technical resubmission. The ZBA will be at TEYCC tomorrow.

 

[evandyk]

Well, people are going to have to bike, since they certainly aren't going to be able to take transit anywhere fast.

 

[rdaner]

Well, people are going to have to bike, since they certainly aren't going to be able to take transit anywhere fast.

And scooter!

 

[reinventingthewheel]

Well, people are going to have to bike, since they certainly aren't going to be able to take transit anywhere fast.

You are mistaken, these residences will be a 500-700m walk from Corktown station. Of course, this will deprioritize the WELRT even further

 

[evandyk]

True, though I lived there for years, and crossing under the tracks and the Gardiner doubles how long it feels.

 

[tripwire]

I cross under the tracks on Jarvis often and it's an awful experience, and does feel incredibly long.

 

[evandyk]

Jarvis is the worst place to cross because of the busy onramps. Parliament is probably the least worst, but still a plod.

 

[Northern Light]

The FARM Ctte of Waterfront Toronto will meet Sept 19th, and the agenda for that is out.

https://www.waterfrontoronto.ca/sites/default/files/2024-09/Meeting_Book-Finance_Audit_Risk_Management_Committee_Meeting-September_19_2024.pdf

There is an update on Quayside related public realm infrastructure.

From the above:

 

[UtakataNoAnnex]

The Finance, Audit and Risk Management Committee, in case any was wondering like me. Has nothing to do with turning parts of the waterfront into crops and livestock raising...

 

[junctionist]

Well, people are going to have to bike, since they certainly aren't going to be able to take transit anywhere fast.

That could be said about a lot of places served by streetcar in the city, unfortunately. The benchmark for surface transit speed needs to be something quicker than walking.

 

[Northern Light]

Per this Renx article...........some changes are afoot.

Toronto rental housing incentives would kickstart building: Dream's Cooper

Dream Unlimited is building apartments in the prairies and Ottawa-Gatineau, but the numbers don't work in Toronto. Proposed incentives from the city to build more rental homes could change that, however, Michael Cooper said in a wide-ranging interview.

renx.ca

To highlight the above; it looks like they will be going for both CMHC financing and the new City of Toronto incentives for purpose-built rental here.

That being the case, we will get more affordable units here, and presumably all rental?

@HousingNowTO will want to turn his eye to this.....

 

[reinventingthewheel]

Per this Renx article...........some changes are afoot.

Ledim grows apartment development pipeline in eastern GTA

Ledim Developments has followed a similar path to several other GTA developers, as the family-owned firm has recently sharpened its focus on the multires sector. It's latest Kingston Road project, on its home turf in Ajax, is an example.

renx.ca

I see the Renx article explains the preference for rentals, but where does the Quayside is moving forward piece come from?

 

[Northern Light]

I see the Renx article explains the preference for rentals, but where does the Quayside is moving forward piece come from?

Whoops.

My bad.

I referenced the other article when updating a different thread; and had the window open, grabbed the wrong link!

Good catch.

I have edited my original post.

But here's the (right) link, again, for clarity:

Toronto rental housing incentives would kickstart building: Dream's Cooper

Dream Unlimited is building apartments in the prairies and Ottawa-Gatineau, but the numbers don't work in Toronto. Proposed incentives from the city to build more rental homes could change that, however, Michael Cooper said in a wide-ranging interview.

renx.ca

 

[Start Fox]

I think they're at 20% affordable rental housing...or very, very close, as the numbers below come out to 19.46%. I'm guessing that's intentional and you're allowed to round up, and that developers therefore do the math to not be even a single affordable unit over what is required. (Or maybe they're not allowed to round up, in which case they'll just need to add a little more to get there.)

Source

It is interesting that to qualify for these City incentives though construction needs to start by end of 2026. That's not that far away. And I wonder if it means all 4 buildings (three towers and the mid-rise timber) would be built at once. Seems unlikely in this environment, but maybe the incentives are too good to pass up (which would be a good thing IMO, as the whole purpose of them is to cause developers to build when they otherwise wouldn't).