How cheap this project has become compared the previous renderings.

It's part of the process though. It has to go through the de-value engineering first so they can boost the bottom line. Maseratis and private school for the kids costs a lot of money.
 
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Decision text has been posted. Settled at LPAT:

The current proposal consists of a 31 storey tower which will be located along Gerrard Street which will contain the hotel units. A 48 storey building will be located to the east on the Gerrard Street frontage and an 84 storey tower will be located to the south of it fronting onto Walton Street.

The Tribunal heard that the proposal provides a mix of uses including a minimum of 400 hotel units, and 1670 residential units. The proposal will restore Walton Street to connect Yonge and Bay Streets. The proposal will also provide for a public park fronting on Elm Street. In addition Privately Owned Publicly Accessible Open Space (“POPS”) will be provided to allow for pedestrian connections and for additional open space between Gerrard and Elm Streets.

The Minutes of Settlement include provisions to ensure that not less than 400 hotel rooms will be provided through the proposal, which could increase to 800 hotel rooms, and to ensure that the existing hotel on the property will remain open until January 31, 2022.

 
Site Plan application submitted. No docs yet.

 
Marcanadian how do you know that site applications or other docs were submitted? do you have a notification setting on or do you keep reading them everyday?
 
Marcanadian how do you know that site applications or other docs were submitted? do you have a notification setting on or do you keep reading them everyday?
UT trade secret
 
A zoom-in and flyover:


Toronto Model 12-15-19 Chelsea Green.png
 
As I recall this project was proposed as a 4 tower complex with towers of 80, 50, 74 and 46 floors. They finally get approval for 84, 48 and 31 floors.

That's a haircut of 87 floors or 35% of the project. That's ridiculous. It would appear the developer didn't have very strong representation when negotiating with the city.
 
As I recall this project was proposed as a 4 tower complex with towers of 80, 50, 74 and 46 floors. They finally get approval for 84, 48 and 31 floors.

That's a haircut of 87 floors or 35% of the project. That's ridiculous. It would appear the developer didn't have very strong representation when negotiating with the city.

Could be that; or maybe its that the proposal was utterly preposterous in its ask.
 

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