[innsertnamehere]

You don’t sound terribly enthused by the new proponent.

AoD

I'm gunna guess someone with a name that starts with "C" and ends with "anderel"..

 

[ProjectEnd]

Negatorio (thank god).

 

[innsertnamehere]

This sold for $124,000,000 of that $161,000,000 apparently. A pretty penny for a run down office building.. redevelopment is clearly in the picture.

 

[ProjectEnd]

Ehhhhhhhh........

https://www.scmp.com/comment/blogs/...ry-vancouvers-wildest-property-deal-gone-7200

 

[AlbertC]

^ Recommended song for reading that article:

 

[ProjectEnd]

You can follow this as far as the rabbit hole goes:

https://nationalpost.com/news/canad...entre-of-half-a-billion-in-b-c-property-deals

https://www.cbc.ca/news/canada/brit...couver-s-high-stakes-housing-market-1.4575065

https://www.vancouverisawesome.com/2019/05/09/city-square-mall-vancouver-sold-225m/

https://www.theglobeandmail.com/new...unaware-of-real-estate-risks/article28471686/

The buyer is connected in one way or another to all of the above. Make your own conclusions about the meaning of this transaction...

 

[PMT]

Subdivision Approval application filed on November 5:

415 YONGE ST
Ward 13: Toronto Centre

Development Applications

City Planning COA Application Information Center

app.toronto.ca

Draft Plan of Subdivision for 2 development blocks.

 

[cd concept]

What does the Draft Plan of Subdivision for 2 development block mean? Are they still going to develope this building at a total of 61 storeys? Just Curious !

 

[Northern Light]

Interesting.............last OLT meeting on this was July 9th, 2021.

From that meeting's orders we see:

"Mr. Lantz informed the Tribunal that the Applicant is currently reviewing potential modifications to the proposal and requested that another CMC be held in the later part of November 2021."

 

[Strange Advance]

Darn. I must be the sole person here who actually liked this. I'm normally averse to the "shards of glass" aesthetic, but this tower really appealed to me.

 

[UtakataNoAnnex]

Darn. I must be the sole person here who actually liked this. I'm normally averse to the "shards of glass" aesthetic, but this tower really appealed to me.

It's normally been when the renderings are this fanciful it's likely a zoning exercise. That is, to see what they can get away with more or less. The buildings we end up getting are far more prosaic, to put it mildly. /sigh

 

[NeilV]

I also like the tower itself but the way it's stuck on top of the existing building looks pretty ridiculous. I agree with @UtakataNoAnnex this seems unlikely to be a serious proposal.

 

[PMT]

Now a new OPA application has been submitted:

415 YONGE ST
Ward 13: Toronto Centre

Development Applications

City Planning COA Application Information Center

app.toronto.ca

Official Plan Amendment to facilitate the redevelopment of the site for a 69-storey mixed-use building having a non-residential gross floor area of 6,595 square metres, and a residential gross floor area of 34,424 square metres. 471 residential dwelling units are proposed.

 

[Tunafish13]

I know it's not the best source, but BlogTO just posted some updated renderings of this development

Here are some of the new pics as well

 

[AlvinofDiaspar]

An improvement over the last proposal - and yes, in case it wasn't clear - this is meant to be a faint praise.

AoD