EddyMCD
Active Member
I wonder how much the City of Toronto's new development charges affect these new projects.
- Thread starter ferusian
- Start date
Northern Light
Superstar
They won't affect anything that already has its approvals in place. They could, in theory, affect future proposals or those now in process; but really, demand / the market will be far more relevant.
ADRM
Senior Member
...and while government costs are a significant component of the cost side of the development pro forma, they are substantially lower than financing and construction costs. When you go to tender and when you lock in your rates (with the fast rise of the latter being an especially relevant factor in the market right now) are the massive questions du jour.
Northern Light
Superstar
So, as part of settlement before the OLT, this one was given the 'H'. (A holding provision that says approval to proceed is withheld until certain conditions are met).
The applicant has now filed to 'Lift the H'.
There do not appear to be any material changes since last summer.
Most of the tie-up appears to have been minor details on the Functional Servicing Report.
The applicant has now filed to 'Lift the H'.
There do not appear to be any material changes since last summer.
Most of the tie-up appears to have been minor details on the Functional Servicing Report.
Last edited:
EddyMCD
Active Member
I wonder if they even want to proceed with this right now with the precon market hurting right now. They might get all the approvals and then sit on it.
sam15989
New Member
The day is coming soon folks, Betty's is closing Dec 24th. The other location in Leslieville will remain open. RIP.
3Dementia
Senior Member
Ever the optimist... I'm guessing the build result on this one couldn't possibly be as depressingly grey/black as the renderings portray it (even the tower windows look like grey spandrel to me ;-)... so to lighten things up a bit, here's some elevations from Emblem's project website.
Architectural Drawings from 250kingeast.ca (screenshots):
Hopefully this optimism isn't misplaced (which is known to happen).
Architectural Drawings from 250kingeast.ca (screenshots):
Hopefully this optimism isn't misplaced (which is known to happen).
YIMBY519
Active Member
This project is not currently shown on Emblem's website: https://www.emblemdevcorp.com/projects
Hard to get construction financing without pre-con sales deposits. Curious when this will launch? I wouldnt expect much action on-site until this happens.
Hard to get construction financing without pre-con sales deposits. Curious when this will launch? I wouldnt expect much action on-site until this happens.
marcus_a_j
Senior Member
Bad news is supposed to be delivered on a Friday afternoon.
AlbertC
Superstar
AlbertC
Superstar
AlbertC
Superstar
Richard Rodrigues
New Member
Anybody knows what is the condition of the site location as of today and where is the presentation centre? Emblem is going to launch the sales very soon. Need to know if this project has potential or it’s just fluff. Their marketing looks very ambitious.
AlbertC
Superstar
From an email by the developer:
Rimawi
New Member
This new corner with the red brick looks quite nice. Definitely complements the historic character of king street better.