Downtown Toronto
Active Member
End user or end investor? This is not a starter condo someone out of school buys into.
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- Thread starter urbandreamer
- Start date
ushahid
Senior Member
I asked them about the resumption.
MetroMan
Senior Member
Weren’t they the ones who said “by January 31st or earlier”?
got it right
Active Member
"this is great news"....roflmao...too funny. It gets worse by the day.
TheSix
Active Member
Looks like I was close when I predicted after family day over a month ago. I have a feeling this won't get rolling until March. A stoppage of over three months.
WislaHD
Superstar
People are quick to jump to conclusion that this is Mizrahi's fault or something.
When have we ever known the City to be quick with issuing permits or approving development applications?
TheSix
Active Member
I want this to be built just as much as everyone else, but I don't know of any other development in Toronto that's had a work stoppage of this length. Weakening the argument that the fault is with the city...
Can any anyone else shed some light on other similar scenarios? I could be totally wrong here.
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Contra
Senior Member
I can't recall of another scenario like this where it was a matter of permits. Obviously some mismanagement on likely both sides of the equation. The other "unbuilt" scenarios were due to money typically (One Bloor East and the very famous Bay Adelaide "Stump").
Kenojuak
Active Member
No one has "jumped" to that conclusion. Read up the thread starting at page 443 (LINK). There has been a detailed discussion and explanation of the key milestones that have not yet been met by the applicant, and why that means permits cannot be issued.
rbt
Senior Member
Isn't that evidence that the city is being consistent and predictable?
The city doesn't need to be fast for developers to plan their timelines without interruption; the city needs to be predictable. If it takes a year, then you get the application in by Nov 2018 for Dec 2019 construction.
All developers complain about how detail oriented the city permit process is; few let it impact their construction timelines by getting their paperwork correct and submitted well in advance.
New developers often have process issues; this is a process issue.
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got it right
Active Member
I jumped to that conclusion over 15 months ago...it was as obvious as the sun rising. This has zero to do with the city..this is developer incompetence. But hey, Mizrahi thinks this is all "great news".
drum118
Superstar
Feb 12
Lot of meat in those columns and brace supports. Even the floor bracing is something.
Lot of meat in those columns and brace supports. Even the floor bracing is something.
p5connex
Active Member
I'll tell you another conclusion the rest of us jumped to about you 15 months ago....but hey, I don't want to bore everyone!
Easy Peasy
New Member
You just love to bash this guy every chance you get. What did you have a suit you wanted to return to Stollerys or something??
Enough on the bashing all 'round please.
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