GrayLake
New Member
What a shit show, just walked by today and the site is flooded. One of the most sensible location for development in the city and all this waste.
Who would be dewatering the site? The developer is in receivership.What a shit show, just walked by today and the site is flooded. One of the most sensible location for development in the city and all this waste.
What a shit show, just walked by today and the site is flooded. One of the most sensible location for development in the city and all this waste.
What worries me is the state of the shoring. The exposed retaining wall is deteriorating on the cemetery side:
Please notify Buildings.
...anything come of this?done
It's our favourite auteurs of zone flipping and vapour towers, KingSett apparently. Perhaps they should hire AS + GG to render the issues away... >.<I'm assuming any developer that takes over this site would have to demo everything that's been done and start from scratch.
anything come of this?
I got this from councilor's assistant:
Thank you for bringing this to our attention.
Last year, some shoring work was completed, but it looks like further work may be needed. I’ll connect with the relevant City staff and the current property owner to see what can be done.
There was some confusion in the building department however. They were going back and forth about inspecting the site. They definitely settled on the person who under no circumstances would do the inspection. I don't know if they actually managed to voluntell anyone to come out there for an inspection though.
They gave me a BR number if I wanted to follow up on the results of the inspection:
24 144813 BR
If you wish to follow-up with the complaint outcome, you may contact our general office line, or email us, quoting Reference BR Number for the update.
Nature always finds a way to reclaim itself!
KS are owed $56,250,000 on this in mortgage, securities, and collateral so taking it over is taking it easy on Vandyk, if anything. I'd bet they still want some of that money back. They may need to change out some shoring if it's judged to be inadequate / dangerous, but they'll probably just let the ponding evaporate. Why spend the money?Business always finds a way to reclaim itself too, and it seems that KingSett has set up a numbered Ontario company to take on the redevelopment of this site. I think VanDyk owed more to KingSett than any other creditor (someone could look this all up to confirm) and KingSett are now advancing a new submission on this site. So, goodbye geese, hello drainage pumps sometime soon...
@Northern Light: we already know about this (the DB file was updated yesterday) and we will have a story up shortly, hence the Daily Photo.
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"Spamming" isn't really what it is though. You know that.^As long as KingSett are planning to build something here as opposed to spamming us with pretty renderings. Anything! Even if it's a Walmart! >.<