ProjectEnd
Superstar
"Developer"
- Thread starter Northern Light
- Start date
Tuscani01
Senior Member
Would the City of Toronto have had to provide any kind of approval for the developer to have made this request for a MZO..?
SPOTLIGHT had a re-org in September 2024 which added at least one familiar Ontario Conservative Party face into their organization.
Spotlight Unveils New Executive Talent And Affordable Indigenous Housing Partnership
Spotlight Development is ramping up its game with expanded executive talent and a pivotal new focus on affordable Indigenous housing.Today, the demand for new housing is massive. GTA-based Spotlight is charging forward, fueled by new leadership — and a bold commitment to affordable housing...storeys.com
It’s my understanding that the Province is only moving forward on MZO’s that have city backing right now. That said, the point of the government posting this is because this MZO was requested outside of the requirements for an MZO and the Province is asking the public if it should be considered.
1Ć0
Active Member
1Ć0
Active Member
Even if the land was $1, I highly doubt anyone would be able to make the proforma work with 70% affordable. Heck, even 100% market units in this location would be a hard stretch today
ProjectEnd
Superstar
1Ć0
Active Member
I continue to firmly believe that the most quintessential Toronto intersection is Lawrence and Keele
ItsGucci
New Member
Sold for $25 million. Private buyer.
Northern Light
Superstar
~$21,000 per imaginary unit of potential build............not being priced to build what was proposed.
1Ć0
Active Member
Interesting - thanks for sharing. Sold for about $20/buildable.
So is Spotlight OK?
I do love how the last 4 projects on their webpage are all AI generated images - https://www.spotlightdevelopment.com/projects. Gives me a lot of assurance
So is Spotlight OK?
I do love how the last 4 projects on their webpage are all AI generated images - https://www.spotlightdevelopment.com/projects. Gives me a lot of assurance
Northern Light
Superstar
The GTA average, in 2024 was $78 per BSF ......
Given the quality (or lack of) of hit location that seems a better market than the higher City of Toronto number.....
Which I think supports my suggestion above, this has not been priced in line with building what's been discussed, in the near term.
ItsGucci
New Member
cateran
New Member
.png)
Website was moved to the new address linked below. The old site now just points you to the new one
Home | Inclusives
www.the-inclusive.ca
Kenojuak
Active Member
Rezoning approved via MZO
Northern Light
Superstar
Rezoning approved via MZO
The comments, and who they come from is curious...........
*****
Seeing as Spotlight can't possibly make this idea work as currently proposed........... what's the play here?
@ProjectEnd