sunnyraytoronto
Senior Member
The elevated platform on Bogert Ave is getting larger,…
- Thread starter pipolchap
- Start date
Karismarian
New Member
Does everyone who bought this condo know there is going to be a permanent homeless shelter right across your condo at 68 sheppard west? Doesnt this directly depreciate youtr condo value???
www.thestar.com
Toronto to add six new permanent homeless shelters by 2030. Here’s where they will be located
The new sites are part of a plan that includes gradually closing temporary sites, enhancing existing locations and adding 20 permanent shelters by 2033.
www.thestar.com
sunnyraytoronto
Senior Member
err,.... who brought a condo here? Noooo-body!!! (in the words of North York & Toronto's greatest Mayor,... Mel Lastman)
UtakataNoAnnex
Senior Member
Better get purchasing while it's hot then! Not too many towers around shaped like a shampoo bottle where you can call part of if your home at a valued price... /s
Karismarian
New Member
The people who bought condos in 4800 yonge and north core?...
Koops65
Senior Member
It's 1.5 blocks away... not right across the street.Does everyone who bought this condo know there is going to be a permanent homeless shelter right across your condo at 68 sheppard west? Doesnt this directly depreciate youtr condo value???
Toronto to add six new permanent homeless shelters by 2030. Here’s where they will be located
The new sites are part of a plan that includes gradually closing temporary sites, enhancing existing locations and adding 20 permanent shelters by 2033.
Karismarian
New Member
But doesnt this mean the whole block will be effected?
sunnyraytoronto
Senior Member
err,.... who brought a condo here? Noooo-body!!! (in the words of North York & Toronto's greatest Mayor,... Mel Lastman)
Menkes' 4800 Yonge is a #$@& rental apartment building!
ProjectEnd
Superstar
Rental.
UtakataNoAnnex
Senior Member
Flagging @Paclo and @interchange42: Can we fix this please? Thnkx!
Edit: Thank you changing that! <3
...and it's a rental, Jim.
Last edited:
Midtown Urbanist
Superstar
It'd be nice if Menkes were to formally confirm it somewhere, but yeah it has to be rental.
ProjectEnd
Superstar
They don't really have to until 3-4 months before completion when they start ramping up efforts to rent the suites. They've paid rental DCs so if they wanted to switch to condo, they'd have to top up that payment, and get moving on selling. Currently, the capital stack is missing the deposit strata, meaning whatever lending they've secured is based on a different tenure.
sunnyraytoronto
Senior Member
That raise platform area seems to be just for storage - both on top and underneath
sunnyraytoronto
Senior Member
There was 15,000sqm of Office Space on 7 floors,.... seems agreed redesign will keep 6 floors of Office Space,... in exchange for loosing 1 floor of Office Space Menkes will build some Affordable Housing Units - I'm not sure how much,... if it matches 1:1 for the say 2,143sqm of Office Space lost
Northern Light
Superstar
@sunnyraytoronto on top of all things NYCC as always in his post above.
The agreement between Menkes and the City is in line w/his post above, but we now have some additional details:
From a now public and adopted Settlement Offer at the December meeting of Council:
@Paclo
@HousingNowTO will wish to make note of the additional affordable housing proposed here.
From the above:
The agreement between Menkes and the City is in line w/his post above, but we now have some additional details:
From a now public and adopted Settlement Offer at the December meeting of Council:
@Paclo
@HousingNowTO will wish to make note of the additional affordable housing proposed here.
From the above: