Condos will outnumber rentals with hundreds of towers under construction. Toronto has its share of rental towers underway. There's Mirvish Village This one is twin towers; one rental; one market. https://urbantoronto.ca/database/projects/sixty-five-broadway.20055 This one is enormous...

Many traditional residential developers got their start building tract housing in the suburbs. Equity managers (ex. with capital in their names) have been jumping into developing residential on their own than partnering with those developers over the last decade. You don't have to have any...

There's a lot more competition in rental condos than the oligopoly of pension funds owner of purpose built rentals requiring a set minimum income and rising property values to make construction worthwhile. 5% is better than 0%. It's still more a populist gesture than actually accomplishing...

https://www.toronto.ca/news/city-of-toronto-celebrates-the-ground-breaking-of-172-affordable-rental-homes-at-300-304-the-east-mall/ City of Toronto, Government of Canada and Kingsett Capital's affordable housing LP. Private equity managers are going to create these affordable housing specific...

Me too when I said elephant office tower with condos selling at $200,000 below asking.

There's some sense investing in a billion dollar elephant office tower to unlock residential development. Condos are selling like hotcakes at $200,000 below asking.

The expression "waste of a site" denotes herding cattle. Often it's about number of units per hectare at today's overpriced investor driven marketplace than the quality of the homes. There's some merit to a single family home within the 416 being wasteful land use with respects to the...

The best intended podiums and facade still come across as podiums and facades on closer inspection. Planning can incentivize developers to purchase heritage buildings and restore them keeping them independent of tower development. There aren't any binding parking minimums where digging wider...

It would have been demolished if it was assembled with the development block. There always a chance for it to be restored instead of vertically extended or turned into a facade as it currently stands.

If this was a mid block infill surrounded by other high rises hidden from view than I would agree. It's perfect for that. A Waterloo quality tower on a corner lot (which is new to me) may change minds once this is completed. I'm guessing slab on grade so the piles are then for the foundation...

It's just a rendering. You're right about that. I misunderstood demolishing as happening or has happened vs speculative.

I wish I could see unicorns and flying pigs sometimes too.

This building is massive with roughly 700,000 leaseable square feet. If I remember correctly, it was completed in the early 1980s and has a class A status. There's nothing like this being torn down or considered for replacement. Don't be fooled by its 13 storey height near 50 storey plus towers

The lower floors facing east are a great place to see new people without getting off the couch. Very Lamb. Aesthetically pleasing by Toronto standards. The home living side is more in question.

I fully count on any new owner seeking more height. More height and more square footage just makes it more expensive and longer to construct and harder to finance construction and juggle the debt load over the extended period. I wouldn't count on a new owner popping up for this as there are a...

Reasonable upzoning conducted 10 years ago would be considered laughably underdeveloped today. As of right zoning would provide developers a targeted ceiling but, without binding maximum FSI, I don't know how long that would last. Look how many with decent as of right zoning 10 to 15 FSI are...

Apologies if I offended you. I have been on urbantoronto a lot lately. This would be universally panned as a bait and switch there for all the grey spandrel and mullions or, not having a 50 storey tower added on top. On this forum, it gets accolades like great or excellent for rising above the...

small office/ home office (SOHO) is an opportunity in Toronto should prices every stabilize (hopefully more through wages than corrections) This vacant office building and proposed development not selling would be heading in the right direction towards market health.

It would be a generic spandrel built for a new building from the ground up. It's a travesty as a modernist conversion. This new cladding in quality and design is leaps and bounds below the original cladding and to the rendering

Finally cladding. I was expecting more detail in the panels, Hariri Pontarini usually does something bespoke. I don't have high hopes for these off coloured stripes/trim covering the whole tower but, it's too early call. Wear sun glasses and sunscreen. These do have quite a sheen to them.