Koops65
Senior Member
Postcard view of City Hall, with 123 Edward appearing to the upper left of the West tower:
- Thread starter Towered
- Start date
Northern Light
Superstar
OPA and ZBA Decision Report - Approval Recommended to the next meeting of TEYCC:
Solaris
Senior Member
Though I applauded City Planning for being progressive in supporting density in the City core, I'm quite surprised the proposed 59+53 storey towers are being approved with only 12.0m setback from the existing 25 storey building.
The current proposal incorporates numerous revisions from the original application as summarized below:
• Massing revised to conserve the prominence of City Hall within the protected viewshed;
• Tower heights reduced to 59 and 53-storeys from 72-storeys each;
• Separation from the proposed development to the existing 25-storey office building increased from 8.7 metres to a minimum of 12 metres; and
• Introduction of a new 140 square metre POPS at the northwest corner of the site.
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3Dementia
Senior Member
Not looking forward to this monolith photo-bombing the classic shots of City Hall... kinda surprised it's on track for approval.
Northern Light
Superstar
xy3
Active Member
Re; Motion 2 #8
Currently, I would never pay over $350,000 for a 1 bed drywall unit with electric only appliances along one wall and a Temu electric fireplace. Especially compared to my decently sized 2013 built unit in Midtown
In contrast , a unit at 90 Broadview with gas hookups, L-Shaped kitchens and high ceilings would still fetch in the 400s/500s . Merchandise Lofts even higher.
I suspect these mandates could put huge downwards pressure on prices in the long term as everything is basically now being mandated to be entry level/student grade. In essence, this will kill the luxury condo market as people can get the same product in social or affordable housing. I suspect we'll see more games playing for people trying to qualify for newly built social housing or rent-to-income housing . Why put in all that work and pay $200,000 more for a new market condo that dosent offer anything more than new social housing?
The developers either need huge breaks on development fees or shrink unit sizes even further to make this a profitable venture. expect an elevator or two to get cut out of the plans too.