sunnyraytoronto
Senior Member
I believe Tridel has their approvals from the City for Hullmark. Tridel usually waits for their buildings to be approved before selling units, which they are doing now. Before approval they accept pre-registrations.
Marcus_A_J,... well, apparently times have changed. I actually asked a city planner why condo buildings are allowed to start selling before they have all city approvals,... I even suggested the city should start taxing developers for units sold before they have approvals. I mean,... well, city of Toronto tax us on everything else,....
One quick question~
When I was talking with Roy, I asked him if Hullmark had all the approvals from the city. His response to me was that, Hullmark is in the same shoe as Bazis and are waiting to see what happens with Emerald Park. Was he just bs'ing his way out of question? or is there any validity in his statement?
Ummer,.... yes and no. Yes, Tridel Hullmark doesn't have all the city approvals,.... and no,... Tridel Hullmark Centre is not in the same shoes as Bazis Emerald Park. According one city planner I spoke to, Tridel Hullmark Centre was rejected by the city,... it's now in OMB stage,... it's been 10 years and counting already.
Bazis Emerald Park is at the city application stage. They haven't gotten a formal approval or rejection from the city yet,.... so they haven't gone to OMB stage.
Bazis Emerald Park is a newborn compared to Tridel Hullmark Centre. As for Tridel Hullmark Centre waiting to see what happens with Bazis Emerald Park ,.... I think its the other way around,... Bazis Emerald Park is waiting to see what happens with Tridel Hullmark Centre.
In addition, City of Toronto holds trump card on Bazis Emerald Park project,... that little city owned laneway that Bazis Emerald Park needs to build their East Tower on. So regardless of what OMB says on Bazis Emerald Park,... city of Toronto gets final say on whether Bazis Emerald Park will proceed. As far as I know,... the city of Toronto don't have any real trump card on the Tridel Hullmark Centre, the current site is one huge plaza lot owned by RIO-CAN,... thus OMB will get final say on Tridel Hullmark Centre and not city of Toronto.
The city of Toronto does hold a wild card on Tridel Hullmark Centre,... but it's not a trump card that will force Tridel Hullmark Centre to conform to all city of Toronto plans and regulations for the area. The city of Toronto wild card can only delay the start of construction of Tridel Hullmark Centre for a few year,... but can't stop or prevent it.
BTW, Ummer, if you're interested,.... there should be another community consultation meeting for Tridel Hullmark Centre in about 2 months.
NOTE: directly to the east of the Tridel Hullmark Centre site is Minto Garden's Radiance,... phase 1 finished in 2004. Phase 2 -Spring- under construction now. This land was originally Area A (0% residential),... and the city wanted Office space here,... but developer OMB it and got residential condo,... and it's 98m tall,... within 100m limit for the area. Tridel Hullmark Centre will probably use this next door example to help it get residential on it's Area A (0% residential) site at OMB level,... but it'll be tough even for an established and well respected developer like Tridel to get their proposed 164m which exceed the 100m limit.