Toronto The Notable | 171.6m | 50s | Graywood | Turner Fleischer

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AlbertC said:
Upcoming condo development with Gairloch involved as part of a joint venture:

www.gairloch.ca

29 - 39 Pleasant — Gairloch Developments

www.gairloch.ca www.gairloch.ca

Development Information

Location: Yonge & St. Clair, Toronto, Canada
Type: Joint Venture Residential Condo Development
Size: 220,000+ Square Feet of Gross Floor Area
Status: Pre-application


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There are 4 towers approved just north of St. Clair and 1 tower at the end of Pleasant. The TTC doesn't have the capacity for the foot traffic and the market will be over saturated with condos and no buyers. You would be better off building apartment buildings.
 
mbeans said:
There are 4 towers approved just north of St. Clair and 1 tower at the end of Pleasant. The TTC doesn't have the capacity for the foot traffic and the market will be over saturated with condos and no buyers. You would be better off building apartment buildings.
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Condos don't go up unless there are buyers: the banks don't generally finance the construction until 80% of the units are sold.

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mbeans said:
There are 4 towers approved just north of St. Clair and 1 tower at the end of Pleasant. The TTC doesn't have the capacity for the foot traffic and the market will be over saturated with condos and no buyers.
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Hold on just a moment..........I'm confused. The TTC doesn't have the capacity for empty buildings......?

mbeans said:
You would be better off building apartment buildings.
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But it does have the capacity if they are rental?

How does that work?

****

FWIW, I'd prefer to see more rental offerings too..........

But that argument about TTC capacity is a bit odd.
 
Lobbyists retained on this one:

Details for Subject Matter Registration: SM32593​


Decision(s) or issue(s) to be lobbied

Application for zoning by-law amendment application for development of 29 Pleasant Boulevard and, potentially, adjacent lots.

Davies Howe LLP retained by Yonge Pleasant Holdings Limited
 
Brief mention in this article:

renx.ca

Gairloch adds high-rise project to Toronto development list

Gairloch Developments has made its reputation building mid-rise condominiums, but a proposed 34-storey tower in Toronto’s Mount Dennis area will be its first solo high-rise. “It’s part of our core business strategy to be diversifying the product offering and doing
renx.ca renx.ca

Gairloch is partners with Harlo and KingSett Capital on a project at 29-39 Pleasant Blvd., where a 220,000-square-foot-plus condo has been proposed.

Woods said there will likely be updates next year as the approvals process for the Giannone Petricone Associates-designed building is completed for the site just east of Yonge Street and south of St. Clair Avenue East.
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