- Thread starter androiduk
- Start date
raptor
Senior Member
Great progress! I estimate they are at depth of about 3 storeys? so halfway down.
Automation Gallery
Superstar
Wow, hard to believe that those 3 blocks will be home to over 10.000 people
.... with 3 bldgs. over 100 meters, 7 over 200 meters and a supertall
.... with 3 bldgs. over 100 meters, 7 over 200 meters and a supertall
raptor
Senior Member
Core samples drilled at the moment at the site of Phase 2
A Torontonian Now
Senior Member
Wow, hard to believe that those 3 blocks will be home to over 10.000 people
.... with 3 bldgs. over 100 meters, 7 over 200 meters and a supertall
It can't come fast enough. And I don't mean that from a skyscraper-geek point of view, but from a housing one. A couple of friends have recently had to go looking for new apartments, and rents are truly out of control! I'm shocked at the rents being charged even compared to the last time I was looking, just three years ago. New supply in locations like this one is desperately needed.
ErieHall
New Member
The prospect of moving to Toronto to start a career is daunting. But it's where the jobs are and it's basically what young adults from smaller cities in Ontario have to do. I think it's safe to say a lot of Ontario's economy is bottle-necked on lack of supply of housing in Toronto. So yes, please build as much as possible.
Midtown Urbanist
Superstar
The problem is growth is only directed to a very small portion of this city.
While 10,000 people should definitely be moving into these three blocks given the proximity to the downtown core, there are not many sites like Lower Yonge just sitting around. Nor do I think that level of density should be desired everywhere.
Blitz901
New Member
There is actually quite a bit of land available to built on in TO. When you compare TO with old European cities we have parking lots and under utilized land galore. I think the issue is more nuanced and multi-faceted than lack of space. High rise concrete construction is booming compared to historic levels, skilled labour in this area is lacking. It takes time for the market to ramp up in available skills, infrastructure, and general resources. This has been driving construction costs through the roof. This will sort itself out when supply catches up with demand. Planning and approval in the city is tedious, nothing is formulaic, everything is grey and goes through review panels. To make things worse the city's planning department is ridiculously over worked. This has been recently relieved a bit by the hiring of a small army of planners. Developers and land owners have little incentive to build, every year they sit on undeveloped land it appreciates double digit percentages. Why sell this year for 10 million when you can get 11-12 million next year for the same plot of land/pre-construction condo building. I've personally seen this behavior in a commodity market that has high steady appreciation while the rest of the market sees low margins (interest rates and returns on the market as a whole are still at historic lows).
It's true that development is focused on a few very small chunks of the city but these areas have lots of under utilized land. Just look at the east of down town. Sure there is a lot of construction here but it is minuscule compared to what could be built there.
mistercorporate
The Fruit of Discipline
Density eeezzzz gewdddd...we need more more more!!!
Ryan_T
Senior Member
These 3 blocks will block my view of the lake. But it’ll be exciting seeing the city evolve. About time those lands are utilized better.
jvmvr
New Member
Contra
Senior Member
Flying for such a large site.
Kingscourt
New Member
Whenever I see Michael Bros the work seems to fly by.
ponyboy
Active Member
