maestro
Senior Member
I imagine the rental market is seeing as much pain as the condo market. (not to mention
Concert's money, OMERS, has taken some serious hits on paper.)
I imagine the rental market is seeing as much pain as the condo market. (not to mention
Concert's money, OMERS, has taken some serious hits on paper.)
taal
Senior Member
People need to live somewhere 
I thought I recall seeing some stats lately indicating lowering vacancy rates in rental buildings.
I thought I recall seeing some stats lately indicating lowering vacancy rates in rental buildings.
khris
Senior Member
So we're getting a 26 storey rental, and no longer a 50 storey condo?
cdr108
Senior Member
I'm sure they did the calculations for the ROI.
Building a rental is more in line with a Pension Funds long-term strategy of growth and returns, which almost guarantees monthly income from a brand new construction in prime downtown TO.
Should the tread title be changed too?
Does anyone have specs for the building design etc?
Automation Gallery
Superstar
Its too bad the city did not have that same vision back then, when they build those ugly slabs on Queen Street.
I just worry that the city is probably approving a shorter mediocre cheap looking building on this site, over height and design of the original proposed 50 storey tower.
Archivist
Senior Member
Well, the 50 storey has been kicking around for five years, with no action on it, so I hardly think it was likely to happen at any rate.
TOBoy
Active Member
This is one kick-ass location for a rental!
maestro
Senior Member
No need to worry about it. I think it's pretty obvious what gets built will be shorter. There's also no need to disrespect design as we all know height is the only thing you seem to care about.
taal
Senior Member
Right, but something else that I'm afraid we might start seeing is projects being pushed though just to get some work going aka an economic stimulus of sorts.
The only thing they might not be willing to budge on is height ... unfortunately the same attitude might not carry through toward the design of the building.
The only thing they might not be willing to budge on is height ... unfortunately the same attitude might not carry through toward the design of the building.
Automation Gallery
Superstar
dt_toronto_geek
Superstar
Yeah Baby, i like them tall and i dont like them square.
That site would never have got approval with any substantial height.
Automation Gallery
Superstar
Hey there is nothing wrong with a well designed 26 storey building/podium for that site.
dt_toronto_geek
Superstar
Absolutely. I was referring to Diamante's 50'ish storey proposal. I should have been clearer.
TonyV
Senior Member
So bad taste has won the day.
I like height and would love to see more of it in Toronto -- but not at the southwest corner of Bay & Dundas! The fact that the City planning department actually shopped this site for anything tall shows -- proves -- that there is no one minding the fort. Imagine yourself walking onto Nathan Philips Square from the Queen-Bay entrance. The vista that Revell created still exists, and that 'internal skyline' will largely be shot to pieces with anything exceeding about six storeys at Bay/Dundas.
So, Miller's planning department has sold the farm, it turns out. Surprise, surprise!!! There was still the hope that Nathan Philips Square would be a sensation, but Mayor Miller and his planning dunces have thrown those chances away with this latest development.
I like the Mayor's stances on social issues, but Miller has little or no concern for the physical city, and that is truly disappointing. Give me a pro-beauty mayor next time around, before other opportunities get squandered. We can afford it.
catcher_of_cats
Active Member
Miller is not involved with this project and he does NOT run the planning department.