christiesplits
Senior Member
That rendering. Good lord.
As noted higher up the thread, they have put that proposal on hold and are working on submitting a revised proposal. It can only be an improvement on their first try!That rendering. Good lord.
The area of Front and Lower Sherbourne Street is currently a skyscraper free zone.
this development is completely out of scale for the area.
... Secondly, the Sobeys is not doing well (they have recently gone from 24-hours to 7-midnight and the place is always pretty empty.) I think they might be quite pleased to be allowed to cancel their 5 (or 7?) year lease and walk away so even if the new building has space for a large retail tenant they may well not be interested.
A bit OT, but I think it has less to do with their prices (i.e. Loblaws and Metro seem to do just fine) and more to do with their horrible customer service and lack of open cashiers during busy periods. They are definitely hurting, though - they recently reduced their hours to 7am-midnight (from 24/7) and now it will be further reduced to 7am-11pm.Sobey is too high priced for the area and how can it compete when there's a No Frills across the street offering identical items for substantially less !?!
The application has now been revised to: "Rezoning application to permit the re-development of the block bounded by Lower Sherbourne Street, Princess Avenue, The Esplanade and Front Street East. The revised proposal is to permit three 34-storey point towers on a 10-storey base building with residential and commercial uses. Proposed total GFA is 118,013 sq.m., with 1,349 residential units, 708 vehicle parking spaces."
The City forced them to fence this off because they applied for and were rejected for a surface parking lot but continued to allow paid parking there.Does anyone know why they fenced off the southwest corner lot where they tore down that old warehouse? Are they planning to build the condo sales centre there, perhaps?
They are going to have to lower the density on this one. It is still way too high. They over paid for the property sure, but that doesn't mean they can build this super dense crap here. I think they will have to bite the bullet and lose money on this property.. what they want is nowhere near what is appropriate.