Developers bait and switch because they can,.... its all about greed.
But in this case, the developer (Bazis) needed a piece of city property that runs right through the middle of the EmeraldPark project,... it was a city laneway. The West Lansing Homeowners Association and the city placed criteria on the sale of this city laneway to Bazis for the EmeraldPark project,... that the developer can NOT do a bait and switch project and that they must build EmeraldPark exactly as rendered,.... NOT a la CrystalBlue! This is one of the few cases where the city had the upper hand on negotiation with a developer,.... BTW, this property was almost the site of a bait and switch decades ago,... the locals learned from that experience,... it was supposed to be office buildings,.. then got switched to condo. The city has been burned too many times with developers doing the bait and switch,... so they've learned to get everything in contract whenever possible and to close all loopholes whenever possible,...
The EmeraldPark project is quite complex in terms of all the conditions placed on the developer,.... the land transfer from the church, ensuring the developer pays for the rebuilding of the new church and community centre (that probably was one of the reasons why EmeraldPark was late in getting their permits!), transfer of city laneway property to developer, transfer of some EmeraldPark property at south-east and south-west corner to align widen Poyntz with Annedale extension at Yonge and for a more rounded corner at Poyntz & Beecroft for better traffic flow, subway entrance, etc,....
Oh,.. and Bazis also needed another city laneway property for their 1 Bloor East project,.... hmmm,... I wonder hows that's going? ;P
And with Bazis's reputation or lack thereof,.... the city had to ensure every single "i" was dotted and "t" was crossed,.... BTW, the city really hates working with Bazis,... well, at least that's the opinion of the city reps that I've talked to.
The following is copied from the West Lansing Homeowner's Association's website:
"2. Emerald Park (NW of Yonge St & Poyntz Ave)
Status: Approved
This application by Bazis calls for two towers, 39 and 30 storeys on a 3 storey commercial podium. It will consist of 565 residential units and over 13,000 sq. m. of non-residential space.
WLHA was prepared to support the application provided the developer was obligated to build what was in their application. Councillor Filion shared the WLHA's concern that the developer could potentially acquire the critical City owned real estate needed to complete the development block, and simply flip the property to another developer who could apply to build something totally different and likely less desirable. An innovative agreement to structure this safeguard was put in place by the city. The development was conditional on the sale of a city-owned laneway to the developer. The developer was able to purchase the laneway from the city on the condition that it will build exactly what it planned to build. As part of the development proposal, the community will benefit from a new community centre paid for by the developer, to be built as part of a new Lansing United Church on the site of the current church. As of Aug 26, 2011 the City was still reviewing the application. Although building permits have NOT been issued, excavation permits were issued and much work has been done. Councillor Filion did confirm the developer has paid the City for development work on Lansing United Church as agreed in exchange for density rights, and has met it's financial commitments required by the City to transfer title of the laneway. WLHA will continue to closely monitor the Church and Emerald Park construction projects. "
http://www.westlansing.ca/Development-Updates.aspx