Toronto 2851 Yonge Street | 27.3m | 7s | Lanterra | Core Architects

[AlbertC]

An apartment proposal for this current parking lot location: https://goo.gl/maps/VErsD


http://app.toronto.ca/DevelopmentAp...icationsList.do?action=init&folderRsn=3726328

2851 YONGE ST
Ward 25 - North York District

Application to amend zoning by-law in order to re-develop the lot as a mid-rise residential rental apartment. Proposed development is to construct an eight storey 49 unit purpose built rental building with a gross floor area of 4,236.05m2

 

[someMidTowner]

This site apparently sold for $3.95 million last year.

 

[Armour]

This one is by Core:

http://www.toronto.ca/legdocs/mmis/2015/ny/bgrd/backgroundfile-80597.pdf

 

[ProjectEnd]

 

[ADRM]

Not to be that guy, but this is some (closer to) NYC-style mid-rise!

 

[Tim1234]

Who's the developer?
Do they have staff support?

 

[interchange42]

Hi Tim. You can typically find the developer's name in the thread title. In this case it's not a big name, but a smaller company call Muir Park Development.

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[Tim1234]

Thanks. Was curious if anyone knew who the actual developer was.

 

[ProjectEnd]

Who's the developer?
Do they have staff support?

It's hard to tell at this time as there's no final report yet. The preliminary report however, is available here: http://www.toronto.ca/legdocs/mmis/2015/ny/bgrd/backgroundfile-80597.pdf

 

[AHK]

Thanks. Was curious if anyone knew who the actual developer was.

We used to live near Muir Park - I have never heard of this company. I suspect that this may be a new, specific purpose corporate entity set up just for the development of this property. Unless anyone else is aware of a track record for this organization, it could, at this point, basically exist on paper, with its principals having other full time jobs while owning the property and nursing it through the development application and approval process. Of course, there could be a more substantial organization, with full time staff, at Muir Park Developments, but not necessarily so.

If one were to really want to know more, and queries to the organization do not result in the requested information (who would be the principals, their prior development history), it may be necessary to search the property title on the land registry system, or obtain the owner and director from the Ontario corporations registry (presuming it is incorporated provincially, and not as a federally incorporated company) - public information via Service Ontario.

 

[junctionist]

Good points. There are plenty of private landowners who aren't big developers but still want to make money on the boom.

 

[Tim1234]

Not that I am super keen on this design...but it sure will be an improvement over Lanterra's POS up the road.

 

[PMT]

Height has been reduced to 7 storeys, according to a resubmission made to the City in February.

 

[interchange42]

Thanks for catching that. There's no new rendering that I've found, but the stats in the dataBase file have been updated otherwise.

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[PMT]

Final Report: http://www.toronto.ca/legdocs/mmis/2017/ny/bgrd/backgroundfile-104532.pdf