rdaner
Senior Member
Howdy! The newest meanwhile use in Toronto! And they are going to have a café! 
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- Thread starter androiduk
- Start date
ProjectEnd
Superstar
rdaner
Senior Member
Tuscani01
Senior Member
Renderings of the new design via recently submitted SPA drawings, and more details on landscaping for the open space on the Rosehill side. @AlexBozikovic will appreciate the amount of seating here.
Now 51 storeys.
Now 51 storeys.
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Northern Light
Superstar
The @DavidCapizzano info:
@Tuscani01 grabbed the renders, but I will take just a couple them and boost the size for a better look at the materials:
@Paclo
@Tuscani01 grabbed the renders, but I will take just a couple them and boost the size for a better look at the materials:
@Paclo
52-storeys with indoor amenity in the mech level. Additional stat changes as follows:
- Height decreased from 172.3 to 167.9m
- Total residential units increased from 699 to 706
- Total vehicular parking decreased from 154 to 153
- Total bicycle parking increased from 770 to 779
AlbertC
Superstar
Project website:
1375yonge.com
Home - 1375 Yonge
An address of distinction, coming soon to Yonge and Rosehill. Register your interest.
1375yonge.com
Application Details
www.toronto.ca
SPA resubmission with the following stat changes:
- Total number of units decreased from 706 to 674 (with unit mix redistribution)
- Total vehicular parking decreased from 153 to 151
- Total bicycle parking decreased from 779 to 750
Attachments
1Ć0
Active Member
Whoops!
www.newswire.ca
Although I am in favour of a property tax break for things like this that can help activate a site temporarily and animate the local area, it seems like this was done without informing the City or MPAC - more of a beg for forgiveness than ask for permission type of situation.
Mind you, Fairground's pickleball courts aren't a community use, they are revenue generating - so a commercial tax class does make sense.
Not sure how this unfolds, but this is not very cut and dry from a tax classification perspective. I can see other developers with vacant sites asking for this reprieve if Originate get a tax break here
Community Racket Court at Risk After $500K Property Tax Increase
/CNW/ - The future of the Fairgrounds Racket Club at 8 Rosehill Avenue is at risk due to a property tax reclassification that dramatically increased taxes on...
www.newswire.ca
Although I am in favour of a property tax break for things like this that can help activate a site temporarily and animate the local area, it seems like this was done without informing the City or MPAC - more of a beg for forgiveness than ask for permission type of situation.
Mind you, Fairground's pickleball courts aren't a community use, they are revenue generating - so a commercial tax class does make sense.
Not sure how this unfolds, but this is not very cut and dry from a tax classification perspective. I can see other developers with vacant sites asking for this reprieve if Originate get a tax break here
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DF416604
New Member
Whoops!
Community Racket Court at Risk After $500K Property Tax Increase
/CNW/ - The future of the Fairgrounds Racket Club at 8 Rosehill Avenue is at risk due to a property tax reclassification that dramatically increased taxes on...
Although I am in favour of a property tax break for things like this that can help activate a site temporarily and animate the local area, it seems like this was done without informing the City or MPAC - more of a beg for forgiveness than ask for permission type of situation.
Mind you, Fairground's pickleball courts aren't a community use, they are a revenue generating - so a commercial tax class does make sense.
Not sure how this unfolds, but this is not very cut and dry from a tax classification perspective. I can see other developers with vacant sites asking for this reprieve if Originate get a tax break here
The property was purchased on the basis of a residential development, and previously taxed on that basis at the residential rate. The property should be assessed on a residential land for redevelopment basis.
The property is being used commercially. The value of the commercial potential of the land is many times lower than the residential development value. If the property was taxed at the commercial rate, based on the commercial potential/value, the tax classification could be manipulated very easily.
The simplest way to resolve this is to align the property tax classification with the highest and best use of the land. It's not that complicated. Creating a new class is such a mess, because what's the appropriate rate? The appropriate rate is the residential rate, at the residential value.
UrbanAffair
Senior Member
The value doesn't matter for this. The use is what dictates the tax class. If it is being used for commercial purposes as an interim use, then that is the associated tax class. The value would still be based on the approved (and highest and best use) under the ZBLA affecting the site.
Also it wouldn't be a res rate, it would be a multi-res rate if it were vacant currently.
Also it wouldn't be a res rate, it would be a multi-res rate if it were vacant currently.