khris
Senior Member
Wow, what a bad decision. So the OMB doesn't always do what's best then. I thought they would pass this no problem. Very disappointing, and bad for the area. THey are losing out on an awesome building.
In terms of location, the site is indeed at the juncture of two major streets.
However, a 10 storey structure would also reflect this prominent intersection. It is also
in my view noteworthy, that the City’s OP does not contain any policy which requires in
some way, taller buildings at major intersections.
While it is true that the site is in close proximity to a TTC station this argument
doesn’t resonate as much as the Developer suggests because there are other sites in
the area also in close proximity to transit facilities. Moreover, the argument ignores
possible transit infrastructure changes which could be made in the future.
On the upside, just a little further up Dundas on the east side are some great buildings that are currently labelled "artist lofts" that could use a severe retrofit and they'd be incredible.
I think the OMB made the right decision on this one. They'll make a profit on the site not just as big as they would have liked. 16 times the lot area is huge for an area outside a growth centre and precedent that would have undermined the whole concept of the Avenues.
I also don't think that corner was ever a black eye. Joe Mercury's was a great and affordable neighbourhood bar. Always enjoyed the Karaoke there. I think the neighbourhood is actually a little poorer for having lost it. One less place to meet your neighbours.
Actually, they've been fine as artists' lofts now for a good generation or more, and are verging on the last unmolested examples of their sort around these parts. So if you're looking for a "severe retrofit": die, yuppie scum.
Nobody builds something to break even my friend.
You could easily make money here at a $300/ft price point. Not tons, but enough to pay everybody well and a little extra to keep growing your company. We need some developers in this city that aren't so greedy.