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Northern Light

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Spotted a lobbying effort for the above properties in the Lobbyist Registry today. The effort isn't new (it dates from 2019, but remains active); for that reason, I thought we would already have a thread
for this, but if we do, I can't find it.

Aerial Pic:

1658253544710.png


This is a very large site; though obviously the water lot portion will not be the subject of development, I wanted to show that as its reflected in the property lines on TOmaps.

Nominal Size (including waterlots) 4 ha/10acres

Practical size (excludes waterlots) 1.7ha/4.25 acres

* I don't believe there is any scenario where this site does not have to provide an on-site parkland dedication, and likely larger than 10% given that this would be waterfront parkland with trail.

Streetview: (Royal York frontage)

1658253857977.png


Streetview: (Lake Shore frontage)

1658253951783.png


Notes/Comments: This is a lot of rental replacement units, certainly looks to be north of 200. One would have to pack an enormous amount of height in here to make the numbers work and I see no applicable precedent and no MTSA designation is in the offing.

I'm not convinced this is going anywhere.....but perhaps others have more insight.
 
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YIMBY519

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There's all sorts of heritage on this site in the rear and Lake Ontario setbacks, but I did see some blue monument monitoring wells on-site driving by. Would be a great spot for some seniors housing if they could weave it in the backside somehow.
 

Amare

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This strikes me as a really odd place for redevelopment to happen at the moment. Especially considering there are A LOT of sites prime for intensification/redevelopment along Lakeshore Village and Mimico. Not even talking about the vacant plot of land a couple doors down which there has been no action on for almost a decade, and another plot which has been on sale another couple doors down.
 

Northern Light

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This strikes me as a really odd place for redevelopment to happen at the moment. Especially considering there are A LOT of sites prime for intensification/redevelopment along Lakeshore Village and Mimico. Not even talking about the vacant plot of land a couple doors down which there has been no action on for almost a decade, and another plot which has been on sale another couple doors down.

While I agree, I expect that this is because the entire block has a single owner, and they are looking to maximize their value, probably with a sale in mind.

There are others here who might have more insight into that; that's purely speculative on my part.

But as I noted, I have a tough time here coming up with a financial model that works when I look at this site. But perhaps I lack the requisite chutzpah or imagination.
 

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