Oh, are you sure? I thought that parcel is part of the flood protection landform (where BMW is now), and flood protection landforms could generally not support large buildings? I could be completely wrong here though...
If you are talking about the BMW site, there will still be portions left to build towers on there (2 or 3 I believe). At least there was back when was working on the East Harbour drawings way back in 2018.
 
Here is the link to what I could find on the landform for the BMW site and Eastern Ramp. Not sure what option they decided on.

https://trca.ca/conservation/infras...pal-class-environmental-assessment/#documents
Hadn't seen those before - super helpful, thanks! Yeah looks like there'll be enough space on the eastern side of the landform to squeeze some towers in. I had just seen a picture on the Waterfront TO page (https://www.waterfrontoronto.ca/our-projects/broadview-and-eastern-flood-protection) and thought the entire red area might be the landform.

I live across the street and was hoping for a smaller Corktown Commons, guess we'll find out soon enough...
 
Local heritage activists are hoping to save the mural on the Lever plant.

1746115417616.png


 

Maybe add it to the side of the Rail bridge/embankment seeing as it is a massive concrete wall anyway.
I am betting though whenever, if ever, they put it up some graffiti artist will probably ruin it with horrible tagging.

Other thought was somewhere under the Gardiner/bentway.
 
They should be trying to change the type of employment in the first building, and make something more desirable and in-demand like studio space or laboratories, instead of just ditching it altogether for more (probably cramped) apartments. Yes we need more housing but not everyone works from home.
 
Ok, I only know how to speak normal English, can anyone translate that for me?
They keep delaying their required public council meeting because CF is negotiating with the City and province over the terms of the approval - likely regarding the timing of which phase (i.e. dropping the requirement for the first building to be an office building).
 
They keep delaying their required public council meeting because CF is negotiating with the City and province over the terms of the approval - likely regarding the timing of which phase (i.e. dropping the requirement for the first building to be an office building).
What’s the general climate in development these days? First it was interest rates and inflation, then market forces for office and now condos. Then it seemed like everyone was sitting on their hands waiting for every level of government to make concessions on the cost of building. I’m sure tariff uncertainty isn’t helping, but I don’t know if it’s THIS halting to development in general rn.

So is there a generic game being played here, or do delays on this come down to the project specifically?
 
What’s the general climate in development these days? First it was interest rates and inflation, then market forces for office and now condos. Then it seemed like everyone was sitting on their hands waiting for every level of government to make concessions on the cost of building. I’m sure tariff uncertainty isn’t helping, but I don’t know if it’s THIS halting to development in general rn.

So is there a generic game being played here, or do delays on this come down to the project specifically?

Pure speculation but I would bet that the city wants a certain amount of affordable housing (both to buy and rent) which is almost always a sticky point with many developers. Then there is the infrastructure upgrade costs which is always a bit of a fight (will the taxpayers pay for all of it, will the developer pay for it or a mix of both).

The things I wish I could say from previous years working on marketing for many condo and townhome projects as a contractor and being around the builders themselves as they talked about their builds while watching me polish up their floorplans for their showrooms or editing posters. 😐

Side note: the number of times I was offered a suite directly from the developer "at cost" was shocking. 😂
 
What’s the general climate in development these days? First it was interest rates and inflation, then market forces for office and now condos. Then it seemed like everyone was sitting on their hands waiting for every level of government to make concessions on the cost of building. I’m sure tariff uncertainty isn’t helping, but I don’t know if it’s THIS halting to development in general rn.

So is there a generic game being played here, or do delays on this come down to the project specifically?
Higher interest rates since early 2022 tanked the new construction market, especially for condos. Tariffs aren't helping either. Lower immigration is also having an effect.

As a result, this spring, presales were at their lowest level since the early 90s recession.

On top of that, there's a large amount of new condos hitting the market since 2022 (back to back record years for completions IIRC). And all of that supply is landing in an already poor market.

Govt incentives for purpose built rental might help former condo projects get underway.

But for new condos, it's gonna be a few years before things start getting built again in any large number.
 

Back
Top