As we saw a month or so ago, the first thing they did was put in drains and water. One would only do this (well, do it rationally) if you had a PLAN. I assume that what tey mean by a temporary park is one where the basic things like drains, water and, yes, trees, is 'final' while the rest is not yet set in stone (or concrete).
prestige will look minuscule compared to these
I wouldn't want to roll out grass in sub zero temperatures. The grass itself should be fine. It's dormant ready for melting snow cover and/or wet spring to wake up and take root.
www.thleaflet.com
I'd assume the school is important to the community no? Why do they delay the school makes no sense.Former LCBO Site on Queens Quay: A School Delayed, A Park in Progress
Toronto’s waterfront is undergoing a major transformation, but a key project—the redevelopment of the former LCBO site at Queens Quay and Freeland Street—has faced delays. Originally planned for a $44 million elementary school as part of the Sugar Wharf development by Menkes, the site was...
There was no way this school was ever going to be completed on time as previously announced. Moving the school to the front building probably allows it to be built and/or open before the condos are started/finished compared to the first design and current market conditions. What happens next? Who knows.
This is a pretty big project - and it seems like the rendering is not even final. Since there are more than usual unsold inventories in market, I guess they will wait a bit.
Nope, nothing that has gone in is necessarily final. That's not to say that it's a guarantee that none of the trees will stay, for example, but the final design is not dependent of keeping anything from what is being transferred to the City, including the drains.
Pinnacle's tower was sold during the period prior to the current slowdown. Pretty much anything going up now represents sales from three or four or more years ago. The development industry takes a while to respond to demand, as so much has to be lined up — financing, equipment, materials, workers — to put a big building up. Cranes are basically a delayed economic indicator.
Makes sense - I do know that typically development projects have to secure 70% purchase before going up (as required by the financing from the banks). I also heard that that number drops a bit with more reputable builders and goes up with smaller builders. I guess Pinnacle have secured enough buyers for both Lakeside and One Yonge.