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The issues that are faced by the developer go well beyond access to capital.
Thats all water under the bridge if both of these Bazis developments get the go ahead.
The issues that are faced by the developer go well beyond access to capital.
As much as this site is begging to be redeveloped, and as much as Emerald Park would be a welcome and fairly sleek addition to North York's condoscape and streetscape, I'd not be at all surprised if it fell through completely...if its failure means even the slightest bit of buoyancy for Hullmark across the street, if even one buyer ditches Bazis and buys at Hullmark, then I'm fine with Emerald Park going up in flames.
I know it's exceedingly unlikely, but the entire SW quadrant of Yonge & Sheppard needs to be replanned (well, really just the first block or two off Yonge). There's a few good reasons for having more development east of Yonge (including my pet fantasy of connecting Willowdale to Upper Canada via a bridge over the 401...a Bessarion-Bannatyne connection would also be great), but the SW is such an afterthought in the context of the whole North York Centre zone, as if a few angry NIMBYs managed to get it wiped off the radar of redevelopment for fears of traffic barrelling through the area at 40 km/hr, disturbing the stucco on their McMansions and waking little Hunter and Madison from their afternoon nap.
LOL,.... I'm not sure if you realize this,... but the local city councillor actually already have a motion to get the speed limit reduced down to 40km/hr on all the residential streets in the SW quadrant of Yonge & Sheppard.
Yes, I knew that. Everyone here knows as much about local urban issues as you do.
Ironically, additional redevelopable blocks in West Lansing would do more to prevent harmful traffic from infiltrating the earshot and sightlines of their precious homes by forcing a rejigging of the street grid as has been done in the rest of North York Centre...Hunter and Madison would appreciate being able to play on the road and their parents would appreciate owning a home with an exclusive crescent or cul-de-sac address instead of a dangerous and deadly thoroughfare like Florence Avenue.
I seriously doubt that Florence Avenue would be safer.
Florence Avenue have always been a feeder street,... so even if "additional redevelopable blocks in West Lansing" would force the city to "rejigging of the street grid as has been done in the rest of North York Centre",... Florence Avenue (on the West side of Yonge) will still be a feeder street and throughfare,... as it's twin street Avondale Avenue on the east side of Yonge.
And look at how the "additional redevelopable blocks" on the east side of Yonge have treated Avondale Avenue,.... Avondale Avenue was originally just a feeder street for a neighbourhood area a third the size that Florence Avenue serve as a feeder street. Now with all the condos on the east side of Yonge,... a few years ago Avondale Avenue was widen to 4 lanes of traffic,.. and that's 5 lanes at Yonge Street. And that's Avondale Avenue serving just as a feeder street.
Now that the city is planning on extending the North York east service road down to Avondale Avenue,... to have Avondale Avenue serve as a feeder street and as a east service road,... the city plans to widen Avondale Avenue to 6 lanes of traffic,... and 7 lanes where it meets Yonge,... Avondale Avenue as a service road to Yonge Street,... Avondale Avenue is going to be as wide as Yonge Street. The kids on Avondale Avenue will be safer playing ball hockey on Yonge Street!!!
So if you think Florence Avenue is a dangerous and deadly thoroughfare now,... just imagine what it'll be like after "additional redevelopable blocks in West Lansing" will do,... especially if the North York west service road gets moved down from Poyntz to Florence Avenue,.... residents of Florence Avenue only have to look to the other side of Yonge streets,... at Avondale Avenue to see.
Has Bazis always been like this?Hate to break the bad news, but be prepared for a long dragged out waiting period of no news (that seems to be Bazis way of doing things ~)
How can you get your deposits back? maybe talk to your real estate lawyer ~
In related news ... Bazis will commence construction of One Bloor later next month ~