Tuscani01 said:
Back from the dead?

Looks like the developer has requested an MZO:

View attachment 628331

Request for a Minister's Zoning Order for affordable housing and mixed-use development in the City of Toronto | Environmental Registry of Ontario

The Ministry of Municipal Affairs and Housing received a request to make a Minister’s Zoning Order pursuant to clause 47(1)(a) of the Planning Act in the City of Toronto. The Ministry is seeking input on whether this request should be considered and any additional information that may help...
ero.ontario.ca ero.ontario.ca
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"Developer"
 
HousingNowTO said:
Would the City of Toronto have had to provide any kind of approval for the developer to have made this request for a MZO..?

SPOTLIGHT had a re-org in September 2024 which added at least one familiar Ontario Conservative Party face into their organization.

storeys.com

Spotlight Unveils New Executive Talent And Affordable Indigenous Housing Partnership

Spotlight Development is ramping up its game with expanded executive talent and a pivotal new focus on affordable Indigenous housing.Today, the demand for new housing is massive. GTA-based Spotlight is charging forward, fueled by new leadership — and a bold commitment to affordable housing...
storeys.com storeys.com
Click to expand...

It’s my understanding that the Province is only moving forward on MZO’s that have city backing right now. That said, the point of the government posting this is because this MZO was requested outside of the requirements for an MZO and the Province is asking the public if it should be considered.
 
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www.change.org

Sign the Petition

Support Affordable Housing in Ward 5 — York South-Weston
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1Ć0 said:
Even if the land was $1, I highly doubt anyone would be able to make the proforma work with 70% affordable. Heck, even 100% market units in this location would be a hard stretch today
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I'm not sure what you're talking about. I've always wanted to live on a limited-access arterial road with no transit access to speak of...
 
1Ć0 said:
Interesting - thanks for sharing. Sold for about $20/buildable.
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The GTA average, in 2024 was $78 per BSF ......

Given the quality (or lack of) of hit location that seems a better market than the higher City of Toronto number.....

Which I think supports my suggestion above, this has not been priced in line with building what's been discussed, in the near term.
 
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