C of A link for the above:

www.toronto.ca

Application Details

www.toronto.ca www.toronto.ca

From the Cover Letter:

1704908541306.png


This is interesting. We've had some discussions here about C of A approving some rather large 'minor variances'; the applicants have gone and assembled a list.

1704908643157.png


Statistical Summary Changes list:

1704908703330.png


1704908729440.png


Affordable unit details:

1704908769116.png


@Paclo is duly flagged
 
Northern Light said:
Affordable unit details:

View attachment 532384

@Paclo is duly flagged
Click to expand...
Note that the Affordability period is now identified as - "up to 40 years" - in their most-recent Presentation materials, so it would appear the negotiations are still on-going.

The jump from 25-years to 40-years is an increase of an extra 60% on "Affordable-Unit Years" which is a substantial improvement.
 
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Additional 6-Floors were APPROVED at COA yesterday -

Our HNTO letter of support for SYMINGTON is now on file and the application information on the City Of Toronto website.

We haggled up the final unit mix for Woodgreen to be =

3 x 1-Bedroom.
1 x 2-Bedroom.
2 x 3-bedroom.

For Forty (40) year period of partnership with Woodgreen.

So, using our HNTO standard-comparison metric = 440 x “affordable bedroom years”

Nice comments on the HNTO deputation / letter from the Chair of CoA during their deliberations.

1705577029498.jpeg
 
Just gonna slot this here. Some ultra, mega, uber institutional type money going into getting projects like this complete in our neck of the woods!

renx.ca

Blackstone bids to acquire Tricon Residential in US$3.5B deal

Blackstone (BX-N) has announced it plans to acquire all outstanding shares of Toronto-based Tricon Residential Inc. (TCN-T) and take the firm private in a $3.5 billion equity transaction (all figures U.S. unless otherwise stated).
renx.ca renx.ca
 
HousingNowTO said:
Additional 6-Floors were APPROVED at COA yesterday -

Our HNTO letter of support for SYMINGTON is now on file and the application information on the City Of Toronto website.

We haggled up the final unit mix for Woodgreen to be =

3 x 1-Bedroom.
1 x 2-Bedroom.
2 x 3-bedroom.

For Forty (40) year period of partnership with Woodgreen.

So, using our HNTO standard-comparison metric = 440 x “affordable bedroom years”

Nice comments on the HNTO deputation / letter from the Chair of CoA during their deliberations.

View attachment 533866
Click to expand...
Talked about the SYMINGTON example this week as a good example of the new model of "Minor Variance" in Toronto in 2024...

YouTube -
 
Tricon social media marketing team:

"Should we proofread our captions for accuracy?"

"Nahh, and all West End intersections are the same anyways..."
 
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