UtakataNoAnnex
Senior Member
The 55 storied sore thumb that will stand out for miles fairly unobstructed... /sigh
- Thread starter Northern Light
- Start date
Amare
Senior Member
Just when you thought it couldn't get any worse for this disaster "planned" community, we now get one of the worst proposals to date.
Not only does the proposal seek to ram some more obscene amount of density into the area, it goes a step above by literally providing absolutely 0 community benefits whatsoever. Then top it off by destroying some good historical builds, while bestowing a hacked up designed tower.
This neighborhood feels like it's a completely dysfunctional lost cause at this point. When you think it cant get any worse than it is, it somehow does with each successive proposal. Another useless sterile build that would bring absolutely nothing to the area asides from more residences, with virtually no services.
Not only does the proposal seek to ram some more obscene amount of density into the area, it goes a step above by literally providing absolutely 0 community benefits whatsoever. Then top it off by destroying some good historical builds, while bestowing a hacked up designed tower.
This neighborhood feels like it's a completely dysfunctional lost cause at this point. When you think it cant get any worse than it is, it somehow does with each successive proposal. Another useless sterile build that would bring absolutely nothing to the area asides from more residences, with virtually no services.
Lenser
Senior Member
Sadly, I find I have to agree. Liberty Village turns out largely to have been a squandered opportunity. It could have been so much more engaging and truly worthy of the this historical industrial district. This latest proposal introduces yet more sterile, "personality-free" building typologies to a place which deserved far better.
stevedean
Active Member
Thankfully, with pre-construction condo sales down by so much, the chances of this building selling the necessary 80% of units to secure financing is very low.
I doubt this gets built.
I doubt this gets built.
Northern Light
Superstar
Two notes:
1) It could be built as purpose built rental.
2) If they obtain planning permission for this, it doesn't expire, someone could built in 10 or 15 years.
stevedean
Active Member
1) They could - but not every developer wants to get into the long game of owning/managing a rental building for the amount of time it requires to recoup their investment.
2) Yes, but let's hope that doesn't happen.
ProjectEnd
Superstar
This unit mix wouldn't work for rental (it's hilariously dated as currently presented). But sure, entitle it and see what happens. It will go straight to OLT and would be precedent setting if approved. The City has staunchly denied any res west of Atlantic for as long as LV has been a development nexus.
Tyrang
Active Member
My understanding is that it could take a full year before a condo reach the pre-sales stage. If there are many re-plan needed based on feedback, then it could be longer. So I suspect any projects popping up now are thinking that in 1-2 years time, Toronto condo market may recover.
stevedean
Active Member
Getting off topic a bit here - but I would assume that existing inventory will recover first. Prices for resale units are around $1000-1100/sqft, while a lot of these preconstruction units have been asking $1500+/sqft in recent years.
Red_Bulmer
Active Member
Why would you think that it will be the only tall building?
All of Liberty (west of Hanna) will one day be a dense high rise community.
That will likely also extend further west as older apartment towers in South Parkdale are replaced as well.
AND... one day the Ontario Line will be extended up Dufferin.
ProjectEnd
Superstar
Tyrang
Active Member
I think so. The resale market is one of the three main factors in my opinion. I think the government is cutting project fees, and labor shortage that drives up construction price will also slowly go away. Now with the resale market lowering finally, I think the developers will have no choice but to lower pricing, which will help our condo sales figure finally.
Side note, we kinda know that the developers charge a higher price not because of construction cost, but because they can, mostly because of the Concord Sky pricing. They dropped their price quite a bit recently, and either they are selling at a lost, or they are building enough buffers. Even the most pro-construction company narrators are now saying that construction company likely charged higher due to risk with the current market.
maestro
Senior Member
One thing to always have in mind is that every station developed under the Ford administration is open to a province led transit oriented community that doesn't give one iota to the municipalities planning.
I don't think it's all that likely Toronto's growth with command South Parkdale to be redeveloped with 30 to 40 storey towers. There's already a 40 year supply if we take every zoning exercise as a serious development proposal.
I don't think it's all that likely Toronto's growth with command South Parkdale to be redeveloped with 30 to 40 storey towers. There's already a 40 year supply if we take every zoning exercise as a serious development proposal.
rdaner
Senior Member
Everyone sees that this type of development was the plan all along?! Right? Right? 
Tyrang
Active Member
Well we do know that a lot of the proposals will not happen most likely. Also, even though the condo sales is rough, demand for home is still high with 1.2% vacancy rate in December. It is a pricing challenge ATM.
As for the transit oriented community, I think this is a strategy we imported from cities like HK, where the Transit commission were able to fund themselves, instead of TTC (or most North American transit commission where they run yearly deficit). Honestly if it works out the way it does with the asian cities, it might be an decent direction.