enrigue8
Active Member
Any news about the settlement of today ?
Thank you someone.
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Thank you someone.
maestro is saying that Pinnacle should have just come in what they eventually settled on. If he doesn't think he's joking, he is nevertheless. Pretty much no matter what you come in with beyond the current zoning, you get bargained down by the City.
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If you think that the City would not have bargained this down at the what they ended up at, you're deluding yourself. We never would have gotten 95 storeys here on one of the towers had there not been a few more towers proposed than finally accepted.Actually, you have to be joking if you think planning would also negotiate down any reasonable application over current zoning.
There's an agreement. They're just dotting the "i"s and crossing the "t"s still.Can I assume there is no agreement yet? Sounds like it.
Demand exceeds supply right now. A building within walking distance of the core and with suites with lake views, you're not sure that will sell? Hmm…I live across the street from this site for the past 9 years. Contemplated selling because of this but I'm still on the fence. It will block my view whether it is 40 storeys or 90 storeys. I had hoped it would proceed to improve the neighbourhood. But I can't imagine the market is ready for 90 storeys but hey developers, ask for the ridiculous if that's how you think you need to negotiate.
The City cannot throw out proposals just because they are 25% beyond zoning. Toronto zoning is generally out of date as most of the city is still under bylaws which haven't changed in decades, long before the Places To Grow Act was brought in in 2005. The Act means that instead of developing all the farms around our cities, the cities must intensify. Any city that did not update their zoning following the act, effectively has obsolete zoning now. The OMB, meanwhile, has been carrying on doing what it's done for years. Developers often win, not always, apparently it's 64% of the time. Some of the decisions are head-scratchers, but when you read through them in detail, the great majority of them make good sense. It's not a "developer agency", but the developers are asking for something reasonable more often than the City is.And, I think the city needs to throw out proposals that are 25% more than current zoning as a matter of course in the first round and avoid ridiculous negotiations, this one is way beyond that. The OMB also needs to get real and respect the city's zoning more, long gone are the heroic days of the OMB to fight the 45 ft bylaw imposed in the 70s. That was 40 years ago, the OMB's relevance is diminished now and seems to be a developer agency, sought to aid the ridiculous.
If you think that the City would not have bargained this down at the what they ended up at, you're deluding yourself. We never would have gotten 95 storeys here on one of the towers had there not been a few more towers proposed than finally accepted.
There are very few proposals which are accepted as is, because it's very hard to tell what reasonable actually is until the Planning Department and Councillor have responded, and a public meeting has been held. Since developers are nearly always having to ask way beyond current zoning to get something that works financially, they generally don't want to go in with something that the City is going to say yes to right away. If it's too easy to get what they're asking for, they'll just be going back to the Committee of Adjustment anyway. Might as well shoot for the moon initially, and see how it all pans out.
There's an agreement. They're just dotting the "i"s and crossing the "t"s still.
Demand exceeds supply right now. A building within walking distance of the core and with suites with lake views, you're not sure that will sell? Hmm…
The City cannot throw out proposals just because they are 25% beyond zoning. Toronto zoning is generally out of date as most of the city is still under bylaws which haven't changed in decades, long before the Places To Grow Act was brought in in 2005. The Act means that instead of developing all the farms around our cities, the cities must intensify. Any city that did not update their zoning following the act, effectively has obsolete zoning now. The OMB, meanwhile, has been carrying on doing what it's done for years. Developers often win, not always, apparently it's 64% of the time. Some of the decisions are head-scratchers, but when you read through them in detail, the great majority of them make good sense. It's not a "developer agency", but the developers are asking for something reasonable more often than the City is.
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I often feel as though the ridiculous thing about this city is that some people think they are living in a sleepy little town, when in fact Toronto is one of the fastest growing cities.