One could wear stilts in each apartment. 4 to 7000 square feet is not huge. The difference is made up by large amenity spaces and the buyers probably an estate elsewhere in the 30 to 50,000 square foot range
 
Northern Light said:
This one did go to OLT and the Merit Hearing is scheduled for June 10, 2024.

The first CMC was this past January.

We know this, because the item will be before Council next week, the details are currently confidential.

Agenda Item History 2024.CC16.10

Agenda Item History 2024.CC16.10
secure.toronto.ca
Click to expand...
That means a settlement offer is on the table and this won’t even get to a hearing.
 
^they will cut it to 299m and win win situation for everyone. LOL!
 
Rascacielo said:
I don't know if developers in Toronto are greedy (fill the site with as many units as possible) or if the market just doesn't support super-luxury condos with fewer units which would still make economic sense to developers. For example, in New York they're building a 54-storey condo with just 41 units (!) on a site probably smaller than this.
Click to expand...

Nobody in Toronto is going to pay $30M for a 5th floor unit: NY buyers are somewhat unique for the continent.
 
rbt said:
Nobody in Toronto is going to pay $30M for a 5th floor unit: NY buyers are somewhat unique for the continent.
Click to expand...
Btw just read that the building I was referring to is getting a lot of flak for blocking the view of the Empire State Building from 5th Ave south of 29th St
secretnyc.co

Iconic Empire State Building View Blocked By New Supertall

The once beloved view of the Empire State Building from the pedestrian plaza in Flatiron is now blocked by a new supertall construction.
secretnyc.co secretnyc.co
 
They've got that wrong, as in 262 m (860 ft) does not constitute a supertall. However, ESB at 381 m (1,250 ft), not including the spire, is in fact the supertall here...

...what they really want to say is that a tall luxury building under construction will obstruct views of the iconic ESB from that location. Less sexy, but much more accurate.
 
Northern Light said:
This one did go to OLT and the Merit Hearing is scheduled for June 10, 2024.

The first CMC was this past January.

We know this, because the item will be before Council next week, the details are currently confidential.

Agenda Item History 2024.CC16.10

Agenda Item History 2024.CC16.10
secure.toronto.ca
Click to expand...
Was anything learned about this at the Council meeting?
 
Northern Light said:
Still confidential; should be public this week.
Click to expand...

Two days later, as promised.

Here is the settlement offer: Notably, this one went up in storey count and height in M.

1712169508869.png

1712169583339.png


Taken from: https://www.toronto.ca/legdocs/mmis/2024/cc/bgrd/backgroundfile-243875.pdf

Overall Item: https://secure.toronto.ca/council/agenda-item.do?item=2024.CC16.10

Site Stats:

1712169691059.png



Amended Site Plan:

1712169765251.png



Amended Ground Floor Plan:


1712169831601.png




Hmmm, amended elevator ratio: 8 elevators (residential) to 1,290 units

0.62 elevators to every 100 units

Or 1 elevator to every 161.25 units.

That sounds grand.

@ProjectEnd !


****

Flagging @Paclo for the database changes here.
 
1.7m people per sq.km. with that lot area and assuming 1.7 people per unit. Is 59.5 the highest FSI we've had so far?
 
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