[ProjectEnd]

Question for you, PE.

Obviously, this is not your site.

And its unlikely it ever would have been.

But, if you were the one stuck with it, at the prices paid for it; what would you be inclined to do with it?

What's the monthly holding cost on the site?

Sell it, and take a loss; hold it and have it just burn cash with no return, or could you could you imagine a workable build here, ownership or rental that would make sense?

Could they sell it to the City at-cost for Affordable housing?

All depends on the above and how desperate Originate get (they're not desperate, they have access to capital). They could certainly sell to the City (or anyone else, for that matter), but not at a loss.

***

On that last point. Do you think there are opportunities for the City more broadly to pick up already zoned sites at a discount in the current market?

Tons of [distressed] zoned sites floating around at discount now. The question isn't so much 'is the real estate available', it's 'does the city and government more broadly want to change their tune on constructing affordable housing themselves?'

 

[Paclo]

Application Details

www.toronto.ca

Resubmitted at 30 storeys (29 + indoor amenity in MPH) and 371 units (362 condo + 9 affordable). Height is now 97.9m (down from 112.75m). Vehicular parking remains the same at 58. Bicycle parking decreased from 420 to 372.

Updated renderings:

Ground floor plan:

 

[Northern Light]

A bit more discussion of the altered height and footprint from the Cover Letter:

 

[karledice]

Application Details

www.toronto.ca

Resubmitted at 30 storeys (29 + indoor amenity in MPH) and 371 units (362 condo + 9 affordable). Height is now 97.9m (down from 112.75m). Vehicular parking remains the same at 58. Bicycle parking decreased from 420 to 372.

Updated renderings:
View attachment 633058View attachment 633059View attachment 633060View attachment 633061View attachment 633062View attachment 633063View attachment 633064View attachment 633065

Ground floor plan:
View attachment 633066

Red brick podium looks good
Tower is meh

 

[Amare]

Red brick podium looks good
Tower is meh

You're being generous which is awfully kind of you.

I'll be blunt, the tower is horrendous, and the kind of trash which underscores why most people here think Kirkor is a laughing stalk of an embarrassment. The podium is nothing to write home about either.

 

[jackattack]

not 100% sure if this is this site but from my vantage point it looks like might be..

(looking west towards Bathurst from 123 portland) -

update (12:12am)

(yes 911 was called)

 

[Northern Light]

not 100% sure if this is this site but from my vantage point it looks like it is...

(looking west towards Bathurst from 123 portland) -
View attachment 650981
View attachment 650982
View attachment 650984

Toronto Fire's public-facing incident log:

Right is vehicles/personnel dispatched.

List of same:

3 is the Alarm number.

1 is active fire.....each number up is a request for back-up response/escalation.

 

[Northern Light]

From CP24, this fire was not the Reside site, but the opposite side of the street:

 

[rdaner]

Surprise!

 

[Towered]

At least it wasn't the Factory Theatre!

 

[Paclo]

Application Details

www.toronto.ca

Another post-NOAC SPA resubmission with the following stat changes:

• Total units increased from 371 to 384 (still 9 ARH units)
• Bicycle parking increased from 372 to 385
• Minor GFA & unit mix redistributions

As well as material changes, visible in the updated renderings below:

All permits including demolition remain pending.

 

[DavidCapizzano]

Huge improvement

 

[Northern Light]

I agree there is an overall improvement.

However, I think going w/the dark hue on the retained 'heritage' is a mistake.

They aren't the same building, and there's no need to make them matchy-matchy.

Break up the volume by letting the heritage building stand on its own, ideally w/its original brick, but if its not in suitable condition to save, have new custom coloured brick made and mimic the original.

Let it contrast the new build.

 

[karledice]

Application Details

www.toronto.ca

Another post-NOAC SPA resubmission with the following stat changes:

• Total units increased from 371 to 384 (still 9 ARH units)
• Bicycle parking increased from 372 to 385
• Minor GFA & unit mix redistributions

As well as material changes, visible in the updated renderings below:
View attachment 672047
View attachment 672043
View attachment 672045
View attachment 672046
View attachment 672044

All permits including demolition remain pending.

Love this! Much better with the arches and brick podium!

 

[neuhaus]

The podium is a big improvement, but I’m disappointed that the tower is a generic grid of off-white precast and punched openings.
The tower needs a bit more articulation. Maybe a step-back or two, and some rows of balconies to break up the boxy mass.