maestro
Senior Member
You are obviously trying desperately hard to misinterpret what I said.
It should be obvious that, if there is little opportunity for profit in the purchase of the property, there will be few interested builders
and
whichever builder is successful in acquiring the property will look to cut costs in every conceivable way.
Is that clearer? is that desireble?
I would think there would be a far greater benefit to the city to ensure the property can be profitable - and the properties further east as well - so that the city can look forward to a better designed and built community. This by itself does not guarantee good design, but as 1-7 is proving, the opportunity for the developer to make a profit is keeping them at the negotiating table and we are seeing the design evolve into a more desirable development overall - even if it does require permitting additional height.
I'm not misinterpreting your post. Your trying hard to rationalize something that makes little sense. Building great communities is about proper planning. Concessions to planning for developers to make more profit and, of course, satisfy your height fetish ( yeah right that could happen) goes against that.
The negotiation table exists in Toronto in part to planning that has relatively little substance. It's all up for interpretation which is why a 20 storey tower may be rejected one year and a 40 storey tower approved the next. As I alluded, this drawn out speculative process is not beneficial to anyone including us developers and yet you seem more than fine with it.
What exactly is 7 Yonge proving in ways of making Pinnacle a larger profit? Wouldn't the original proposal be more lucrative than the current version? Fewer towers now. Harder to amend to market conditions.
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