Johnzz
Active Member
On a side note, I don't know how credible this is, but I was told that the project is being financed by investors in Dubai.
I think you're source has mistaken this project for 1 Bloor.
On a side note, I don't know how credible this is, but I was told that the project is being financed by investors in Dubai.
it hasn't been approved yet ... but they could still be asking for it im not sureI've been away for a while, what ever happened to their request for additional height?
Although, with College Station slated to get a second entrance/exit further south, perhaps this has something to do with it?I don't see why they would need a subway connection agreement if they aren't proposing to actually connect directly to the station. The subway connection is through College Park, and not directly from Aura.
1) A second College TTC entrance was closely looked at, however in looking at the actual dimensions of the current station footprint and the development site there were some gaps and complications with underground infrastructure. I think from a general perspective it seemed like an obvious connection, but once it was actually looked at in detail terms of space allocations, underground utilities and actual potential connections it was deemed infeasible by both the city planning department and the developer – which is unfortunate, but the station platforms don’t reach as far south as the Aura site and it would have been difficult to make any underground connection actually work.
Maybe they aren't including the excavation as part of the construction process.
The following was an email that was sent out a while ago to purchasers of CP3 Aura. I will try to upload the pdf file, but here are tidbits of the email:
THE LATEST NEWS FOR AURA OWNERS
WINTER NEWSLETTER 2008
Sales Soar to Record Heights
Canderel Stoneridge would like to thank all purchasers for helping AURA at College Park achieve overwhelming sales success in such a short period of time.
In just 8 months, AURA has recorded sales of over 860 suites out of a total 931 – that’s 92% of the entire building sold making AURA the fastest selling condominium project in the history of the Greater Toronto Area.
androiduk said:Post #1303 from early November. Quote from Riz Dhanji, Vice President of Sales & Marketing for Canderel Stoneridge.
--------------------------------------------------------------------------
When will the big hole begin to get dug? The answer, like the multi-million-dollar suites that will populate the upper floors of the Aura, is up in the air. A construction start is dependent on the overall sales of the condo units (they range in price from $500,000 to $17.5 million).
"We are very close to that point," said Dhanji. "We have sold approximately 75 per cent. Once another 5 to 10 per cent have moved we can begin. We are (also) waiting on the necessary approvals from the city, TTC and other stakeholders in order to get started, which we anticipate will happen in the spring."