amnesiajune
Senior Member
Rents are on par with Forest Laneway.
Seriously? How do I get on the waiting list? Forest Laneway rents are really good for the area and the (large) size of the apartments.
Rents are on par with Forest Laneway.
Current rates at Forest Laneway are $1465. for 1 bedroom, $1800. for 2 bdrm., $2300. for 3 bdrm. I don't know what the market is like in North York for condo rentals (which have various perks) or similar high rise rental units. You say "Forest Laneway rents are really good for the area." Do you have any rent numbers for comparison so we'll know if the town-homes are good value or not?
They've also started showing the 10,000 sqft. third floor space with a terrace, beside the Longo's store, as Retail rather than Restaurant...
Ed;
Here's a link to the most recent site plan.
Hmmm...interesting. I'm putting my money on LCBO skipping over here from Emerald Park. It might not be in this spot, but I can't imagine they are happy with the situation at Emerald. At least at Sheppard Center they'd have a chance to actually OPEN.
I don't really understand any reason why they can't open at Emerald Park. I think they just don't want to open until the situation with Metro is figured out. As was pointed out in the EP thread, Metro sold off the space and some random other company owns the LCBO's unit now.
As I pointed out on EmeraldPark thread recently,.... Metro technically owns entire second floor, LCBO is/(was) Metro's tenant.
The current city's tax rolls shows Metro owns the entire second floor of EmeraldPark, which Metro been trying to sell/lease out/dump for the last 2.5 years already,.... AmnesiaJune, do your own homework.
All EmeraldPark West Tower residential-condos are assigned 11 Bogert Ave, all East-Tower residential-condos are assigned 9 Bogert Ave, all first floor retail-condo and third floor office-condo are assigned 4750 Yonge Street,.... but the 2nd floor retail is assigned 22 Poyntz Ave. A recent search on 22 Poyntz Ave returns 2 active file with 2016 tax assessments,... thus, the Metro 2nd floor real estate transaction at EmeraldPark finally did close in 2016 since there's no 2015 tax assessments attached to these files. Since the 2nd floor (22 Poyntz Ave) only has 2 retail units (supermarket & LCBO) I expected two files both under Metro since Metro WAS supposed to be the landlord for both units,... instead I found:
- Metro Ontario Real Estate Ltd with 2016 tax assessment value of $2.694million.
- WonMak Inc with 2016 tax assessment value of $1.1718million
Here, LCBO (tenant) originally dealt with Metro (2nd floor landlord), then LCBO furnished the retail space that was to become an LCBO store,.... but it seems Metro sold off that retail unit to WonMak Inc. (new retail space owner/landlord).
Since Metro has no intentions of opening a Metro supermarket at EmeraldPark, Metro's options are to rent/lease it out or sell it - as they seem to have already done with the LCBO retail unit to WonMax Inc.
You already did this homework...
Like companies buy and hold forever,..... and no other transaction can ever takes place,....
So Metro sold a third of their floor to some unaffiliated company, and now they bought back that third of their floor? Why would they do this if, as you say, they have no plan to actually build the store?