A couple aerial views of this site:

tasimpact.ca

Eglinton Avenue East Block - TAS

Building transit-oriented rental on Eglinton Avenue East
tasimpact.ca tasimpact.ca


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Ok.... we all know the thread bump etiquette; and I'm loathe to do this accordingly, but have to ask if anyone has any insight into what's going on here.

Still no Demo permit, still no sign of an Application from TAS; though it's still on their portfolio page:

.https://tasimpact.ca/project/eglinton-avenue-east-block/
 
Simeon said:
Development storeys has a article on the developers on how they’re in receivership.
See here
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@ProjectEnd foretold this outcome...........but may not have been keeping us all fully apprised! LOL

I mean as much as no one can breathe near City Hall without me being able to tell you what they ate for breakfast..........

Developments in the industry rarely slip past his watch.
 
ProjectEnd said:
This one in particular, portending the final fate of its three-letter acronym proponent, is officially dead.
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Oh man, that’s terrible. This area is so blighted now. It would have been so much better for no project to have been planned so at least the storefronts could stay used, whatever businesses there might be. With the condo crash, how long can we expect this area to stay in its current depressing state? At least a decade?
 
That's probably about right. It's frustrating that the owner closed the plaza and it now sits vacant & decrepit while their inexperienced, carnival-barking partner was only interested in churning fees rather than progressing something real. It's lose, lose. At the very least there is some well-earned schadenfreude on behalf of the terminally ill three-letter acronym DM.
 
ProjectEnd said:
That's probably about right. It's frustrating that the owner closed the plaza and it now sits vacant & decrepit while their inexperienced, carnival-barking partner was only interested in churning fees rather than progressing something real. It's lose, lose. At the very least there is some well-earned schadenfreude on behalf of the terminally ill three-letter acronym DM.
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You would know better than I......... but I look at this and think:

MTSA - but not upzoned.

The City in the process of approving a big public realm plan for the area.

Precedent zoning for the co-op and down the street on Kennedy allows for lots of literal upside.

A seller who should be motivated given lack of income generation on the site.

To me, this site looks well placed for a City-Private developer joint project with PBR and affordable.

Thoughts?
 
Northern Light said:
You would know better than I......... but I look at this and think:

MTSA - but not upzoned.

The City in the process of approving a big public realm plan for the area.

Precedent zoning for the co-op and down the street on Kennedy allows for lots of literal upside.

A seller who should be motivated given lack of income generation on the site.

To me, this site looks well placed for a City-Private developer joint project with PBR and affordable.

Thoughts?
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Sure, in theory, but existing owner didn't know anything about environmental and TAS bungled the RSC so there are serious up front costs just to take anything forward. Marry that to the fact that even as rental, there's essentially no demand in this area, and you've got big issues for everyone.
 
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