[mferna]

Read our new article highlighting this development here! https://urbantoronto.ca/news/2024/0...n-go-adds-20-storeys-more-doubles-units.56837

 

[Paclo]

Application Details

www.toronto.ca

Another resubmission with the following stat changes:

• Total residential units increased from 549 to 559 (still includes 15 rental replacement & 6 affordable)
• Unit mix redistribution
• Total vehicular parking decreased from 86 to 70
• Total bicycle parking decreased from 615 to 576
• Height decreased from 149.6 to 146.37m
• Minor GFA increase

 

[Northern Light]

Decision Report - Approval Recommended heading to the next meeting of EYCC:

https://www.toronto.ca/legdocs/mmis/2025/ey/bgrd/backgroundfile-256430.pdf

 

[AlbertC]

 

[Paclo]

Approved at council with some items relating to cash-in-lieu of bike parking:

 

[merigalvez]

Would anyone know if these MTSA zoned Proposals are a little bit more immune to the current Condo Market conditions or they are in the same boat as any other condo project in terms of being cancelled and postponed?

 

[Northern Light]

Would anyone know if these MTSA zoned Proposals are a little bit more immune to the current Condo Market conditions or they are in the same boat as any other condo project in terms of being cancelled and postponed?

The condo market is extremely poor across the board at the market. The only segment with a bit of life is the high-end stuff, and then, there is still limited absorption (sales).

A smattering of projects will go forward, right product, right-place etc. ....

But by and large, only rental with CMHC financing and City incentives is moving forward right now. This is true with or without MTSA.

That will change, at some point, but not all that soon.