raptor
Senior Member
This One is coming back to the TEYCC this month:
http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2016.TE17.10
http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2016.TE17.10
It will be interesting to see what the eventual developer has in mind for this prime site. It's inevitable that the current group lacks the experience, expertise, credibility and resources to make it happen and he's obviously struggling through critical issues like access, loading, parking, shadows, etc to eek out a miniscule profit for anyone so misguided to invest in him. The density alone is absolutely insane for this proposal and unprecented.
An experienced and properly capitalized developer who didn't ridiculously overpay for the property would have flexibility in his budget to account for proper design and servicing issues.
An excerpt from the above article....."The One" will be tall for Toronto, but at 304 metres it will only be the 12th tallest residential building in the world". <'Only'? Seriously? That seems pretty impressive from a global standpoint.>
Despite my living in that "horrible looking pre-cast box" I am hoping that this project gets the go ahead. I also hope some sort of solution for the laneway traffic can be found because I'm not that worried about Balmuto St., but the laneway that wraps around the Uptown that is used by the Uptown, Crystal Blu and all the stores on Yonge St. and Bloor St. that back onto the laneway already. Once The One is also using the laneway, it will be a mess. I hope that they will consider using the extra two properties south on Yonge St. that are separate from the main land being used for The One, to make a new laneway to allow traffic in and out. They could easily add a traffic signal there to make it safe for pedestrians on Yonge, of which I am one. Anyhow, as a resident who will be directly affected by the building of The One, I still support it and want it to be built.
"At 418 units, the development could add hundreds of new residents to the area, prompting concerns about density."
Huh? I really don't see the concern here especially at Y/B.