north-of-anything said:
Looks very beautiful, but with that elevator ratio I wouldn't want to live there.
Click to expand...
With 123.5 units per elevator, they are certainly going to need to secure motors that move elevators at higher than normal speeds to provide adequate service. I'm starting inquiries about that to see what the plans are, and will hope to feature the answer in a future story on the building.

42
 
A confidential report to the City has been leaked to The Star, and it shows that this development as structured is no longer economically viable.

To get it back on track for ground breaking this September, the report recommends Council approve a 13.3M interest-free loan which is ultimately forgivable, to the proponent.

www.thestar.com

Toronto staff urge councillors to cut affordable rental units to keep struggling Bay Street bus terminal redevelopment afloat

The Toronto coach terminal project is in jeopardy due to rising construction costs and falling market rental prices, warns a new city report.
www.thestar.com www.thestar.com

@HousingNowTO
 
Northern Light said:
A confidential report to the City has been leaked to The Star, and it shows that this development as structured is no longer economically viable.

To get it back on track for ground breaking this September, the report recommends Council approve a 13.3M interest-free loan which is ultimately forgivable, to the proponent.

www.thestar.com

Toronto staff urge councillors to cut affordable rental units to keep struggling Bay Street bus terminal redevelopment afloat

The Toronto coach terminal project is in jeopardy due to rising construction costs and falling market rental prices, warns a new city report.
www.thestar.com www.thestar.com

@HousingNowTO
Click to expand...
Yeah, it was always going to be a tough site -- Heritage, Flight-Paths, etc.

I would be interested to see what the impact is on R-GFA and Bedroom ratio(s) rather than just "Unit-Count" before we make any reassessments of the project and the deal.

Anyway, ask me again "WHY do you prefer to develop government-owned surface parking-lots?"
 
HousingNowTO said:
Yeah, it was always going to be a tough site -- Heritage, Flight-Paths, etc.
Click to expand...

For clarity, the above is referencing the Coach Terminal Site, I assume.

Since there's no heritage on this site.

HousingNowTO said:
I would be interested to see what the impact is on R-GFA and Bedroom ratio(s) rather than just "Unit-Count" before we make any reassessments of the project and the deal.

Anyway, ask me again "WHY do you prefer to develop government-owned surface parking-lots?"
Click to expand...

Agreed, though there are lots of good sites with lowrise, non-heritage on them too. But in theory, parking lots should be easier. (really depends on what they are adjacent to though....)
 
Northern Light said:
For clarity, the above is referencing the Coach Terminal Site, I assume.

Since there's no heritage on this site.



Agreed, though there are lots of good sites with lowrise, non-heritage on them too. But in theory, parking lots should be easier. (really depends on what they are adjacent to though....)
Click to expand...
Yeah, sorry - miss-posted based on the HEADLINE.
 
Permit News:

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New Build permits have yet to be filed.
 
Good post by @housingnow though he did bury the lede ...

Demolition starts in the next week or so.

SPA remains outstanding, no NOAC just yet. To avoid delays that needs to be forthcoming by mid-month.
 
Northern Light said:
Good post by @housingnow though he did bury the lede ...

Demolition starts in the next week or so.

SPA remains outstanding, no NOAC just yet. To avoid delays that needs to be forthcoming by mid-month.
Click to expand...
How do you figure out the time between the date the demo permit gets issued and the actual start date of demolition? In some sites it's a month, in others it's two or three.
 
City_cyclist said:
How do you figure out the time between the date the demo permit gets issued and the actual start date of demolition? In some sites it's a month, in others it's two or three.
Click to expand...

In this case, because the developer said so...... LOL

In all seriousness there's no iron clad rule on these things, some builders have all their contractors lined up, they're confident on the timing of the permit and they're raring to go. Others are not as well organized or as motivated to get started.

Its plausible, if everyone's ready to go, to start within days.......but you can defer almost indefinitely.....eventually the City wills stale date the permit, but that's a rare occurrence and it would be measured in years.
 
Northern Light said:
Good post by @housingnow though he did bury the lede ...

Demolition starts in the next week or so.

SPA remains outstanding, no NOAC just yet. To avoid delays that needs to be forthcoming by mid-month.
Click to expand...
I didn't wanna get too excited about the "Demolition" until I actually saw it happen with my own eyes...

Photo 2025-09-07, 9 57 43 AM.jpg


Photo 2025-09-07, 9 59 49 AM.jpg


Photo 2025-09-07, 10 01 05 AM.jpg



Photo 2025-09-07, 9 57 16 AM.jpg


Photo 2025-09-07, 9 58 49 AM.jpg
 
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