I'd challenge those assumptions. Construction costs have also increased, and the interest rate environment changes everything. Things don't get built if they cannot get financing in place. The project may be "viable" if someone is willing to take next to no margin on the project, but if the...

Who says it is not?

A project like this doesn't really just die. Likely will be reworked behind the scenes, a development/investment partner will be found, or sold to another proponent.

New York City FC rotates between playing out of the Yankees and the Mets stadium currently, for which they are considered a laughing stock. Watching games there are absolutely brutal and the viewing experience on TV is absolutely horrendous, and it is questionable if the field dimensions even...

I don't have much knowledge on cricket field dimensions, but it would be interesting if this were to become the first mixed-use cricket and soccer stadium in North America. This would provide a strong impetus to bring a CPL team to Brampton if an investor could be found.

From the weekend:

New docs posted Feb 5, 2024 for the 2nd resubmission. Heights remain the same, but additional density in the proposal including more (and from the wording, higher-quality) affordable housing which @HousingNowTO will be interested in. Revised renderings from arch plans: It is also very...

Today

What is amusing is that Thorncliffe and Flemingdon Park were originally constructed as upper-middle class communities in mind. It is maybe a good example of how access to services, amenities, and employment (these two areas despite being proximal to the core, are still >1h commute to the...

Office at this location is a silly idea and won't be accepted by the market.

Launched in February, flopped due to ridiculous pricing, and re-launched over the summer with a new sales team (RDS Brokerage) leading the sales. Floorplate was also redesigned in the process I believe with more efficient layouts to attract a greater pool of buyers.

Bizarre that there is no signs yet of leasing activity for this project, with it being so near to completion.

Does that make 4 cranes up for this site in total?

Construction permits in place or is this just demo work?

For the curious, the latest plans calls for 1,423 parking spaces and 2,596 bicycle spaces.

Further revisions last Fall. SPA dropped for the three western towers, looks like this will be the first phase, with the 60-storey Yonge Street tower listed as phase 2. Site is now 60, 59, 45 & 38-storeys and totaling 2,532 units. Steeles facing tower: Yonge facing tower: More renders:

My understanding is that these rules were put in place as a result of the early 90's real estate crash and to prevent condo projects from looking like a Harry Stinson-esque misadventure. Canada is indeed a unique market, but the investor-friendly condo floorplates do actually sale well, and the...

It would also drive new condo development to a screeching halt under current financial regulatory rules. If the objective is to force new development to be purpose-built rental, then sure, but a majority of the new rental supply comes from investor-driven condo development being rented out on...

Updated rendering:

The massing for these proposed buildings are about 40-storeys too short.