drum118
Superstar
It's the lot to the west that part of St Mike's Master plan
I thought there was a thread for this site already??
This will make the ESSO site next to go.
- Thread starter drum118
- Start date
I thought there was a thread for this site already??
This will make the ESSO site next to go.
G.L.17
Senior Member
Already in the works.
khris
Senior Member
Oh really? Do tell.
ferusian
Active Member
The site is currently listed for sale by Cushman & Wakefield and is marketed as a "prime downtown high-rise residential redevelopment site."
jje1000
Senior Member
I find it interesting that many of the recent new highrises (1-2 years back) in this area have almost no discernable setbacks from their podiums.
I.e. at the Dundas-Jarvis intersection, Pace condos (older project) has a podium with some setbacks, but the podiums on the Form and Dundas Sq. Gardens condos are basically non-existent. Even 202 Jarvis doesn't have any podium setbacks for its tower.
Any reason why there's been a move towards these forms?
I.e. at the Dundas-Jarvis intersection, Pace condos (older project) has a podium with some setbacks, but the podiums on the Form and Dundas Sq. Gardens condos are basically non-existent. Even 202 Jarvis doesn't have any podium setbacks for its tower.
Campus Development
The Project Management Office supports capital projects, alterations and renovations across Ryerson University, creating a better campus and city one building at a time.
www.ryerson.ca
Any reason why there's been a move towards these forms?
Last edited:
reetard
Active Member
This is funny. I remember back in the day when Ryerson was proposing a tower at the south end of their site, and the merchandise loft peeps got their panties in a knot over it. At the time, the merchandise owners asked about Ryerson buying the Esso station land, and the response from Esso was that it was the highest performing station in the city, so good luck buying it!
AlbertC
Superstar
heytopher
New Member
Graywood purchased the site and is planning a 53-storey high-rise tower with approximately 570 residential units.
https://www.newswire.ca/news-releases/first-closing-of-graywood-fund-ix-880980930.html
https://www.newswire.ca/news-releases/first-closing-of-graywood-fund-ix-880980930.html
DSC
Superstar
This will soon be one of the very few gas stations in downtown and sooner or later there will be calls for some to be retained. The Esso @ Front & Sherbourne is a development site (33 Sherbourne), if/when this goes there will, I think, only be the one east of Yonge and west of the Don south of Queen - at Jarvis & Richmond
Northern Light
Superstar
Looking at the broader downtown, this is what Google says is left.
I note they omitted the Shell Stations on Spadina, and at Richmond/Parliament as well as the Esso in Cabbagetown so it may have missed some others as well.
But if we look at this list plus the 3 I noted, that would be 11 stations between the Lake and (roughly) Davenport and between Bathurst and the Don River.
Of these, we will lose at least the 2 you noted.
So that will drop 'greater downtown' to 9 stations. (subject to whichever ones I'm forgetting!)
Northern Light
Superstar
Looking at the stations above; I took a quick gander as to which I think are ripest for redevelopment.
I looked at the land area of the station first (how big a site); I then considered whether there was strong potential for a land assembly, then whether separation distances or height limitations may impede value; and finally the exact siting in terms of desirability.
My overall take (no inside info) is that Jarvis/Richmond is target 1. It's over 20,000ft2, the adjacent properties to its east and north are short (no separation distance), and also not listed/designated structures (suitable for land assembly).
After that Richmond/Parliament has the next potential for size of land, plus likely permissible height; but it does have a large development proposal hemming it in on the north.
The site in Cabbagetown is surprisingly large, nothing to its south is designated or listed either. But I foresee issues w/getting higher than mid-rise in that location.
Wellesley/Jarvis has a heritage building to its north.
Both gas stations on Spadina are comparatively smaller lots and encumbered by heritage, and potential separation distance issues as well.
I looked at the land area of the station first (how big a site); I then considered whether there was strong potential for a land assembly, then whether separation distances or height limitations may impede value; and finally the exact siting in terms of desirability.
My overall take (no inside info) is that Jarvis/Richmond is target 1. It's over 20,000ft2, the adjacent properties to its east and north are short (no separation distance), and also not listed/designated structures (suitable for land assembly).
After that Richmond/Parliament has the next potential for size of land, plus likely permissible height; but it does have a large development proposal hemming it in on the north.
The site in Cabbagetown is surprisingly large, nothing to its south is designated or listed either. But I foresee issues w/getting higher than mid-rise in that location.
Wellesley/Jarvis has a heritage building to its north.
Both gas stations on Spadina are comparatively smaller lots and encumbered by heritage, and potential separation distance issues as well.
ADRM
Senior Member
$73M.
AlbertC
Superstar
Tidy profit for Couche-Tard who reportedly bought the site originally for $4.6 million in 2016:
Northern Light
Superstar
Clearly UT's senior members should have gone in on this site together in 2016!
An ROI of over 1,400% total or 350% per year ++
I pride myself on being a good investor.
I have yet to swing that deal. Damn!
thaivic
Active Member
Maybe they had just bought the Esso Station and not the property, i highly doubt that property would have only been worth $4.6 M in 2016