Ottawan said:
While I haven't reviewed the HCD documents, I know one issue is shading. 222 Queen West is the north side of the street, so shade shouldn't be as much of a problem for a potential redevelopment here...
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The Queen W HCD is unique in that it stresses lowrise built form as a key heritage character. Most other HCDs don't do that.

What the purchaser is probably thinking is doing another Smart House type development - match the height of the Mackenzie Investments building adjacent then take it to the board and hope you get it.
 
innsertnamehere said:
The Queen W HCD is unique in that it stresses lowrise built form as a key heritage character. Most other HCDs don't do that.

What the purchaser is probably thinking is doing another Smart House type development - match the height of the Mackenzie Investments building adjacent then take it to the board and hope you get it.
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Scotia Bank currently has a leaseback agreement with Mertus for the properties sold, safe to assume it's for the foreseeable future. Same with all the CIBC buildings.
 
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Urban-Affair said:
Not to speak for him, but perhaps he is suggesting Mizarhi will somehow default, and thus FC will 'inherit' the site?
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Not quite. Mizrahi won't be able to pay it back once the term ends and Firm Capital will exercise an equity option in the project rather than give Mizrahi an extension.
 
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