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Mirabella Condominiums 
1926 Lake Shore Blvd W, Toronto
Developer: Diamante Development
Website: mirabellacondos.ca/

Mirabella Condominiums | 120m | 38s | Diamante Development | Scott Morris

Discussion in 'Buildings' started by Josef, Oct 24, 2012.

  1. Josef

    Josef Active Member

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    Four Points Sheraton has been officially closed. Rumours are flying that a condo proposal will soon be in the works. Either way, that property won't be sitting around for long. The former hotel was doing very well.

    Any further info would be appreciated.
     
    Last edited: Nov 14, 2012
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  2. cruzin4u

    cruzin4u Senior Member

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    That's was rather abrupt. Everytime I drove by, it seemed packed. If a proposal is in the works, why would they not keep the hotel open till it was time for construction?
     
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  3. Josef

    Josef Active Member

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    Exactly. It didn't make any sense to me either. Time will tell. Either a new hotel will be constructed or a condo. Perhaps the current building could be used as a sales office.
     
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  4. Youranthony1

    Youranthony1 Active Member

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    Hopefully it's not another condo and I hope whatever is placed there is not tall
     
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  5. adma

    adma Superstar

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    Given everything else around there, you can probably bet your sweet bippy it'll be a condo, or at least townhouses. (Though hopefully, *something* here'll have ground-level retail.)
     
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  6. Josef

    Josef Active Member

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    I believe the land sold for around 4 million back in 1997 and is estimated at around 13 million now?
    Id love the idea of town homes, but they wouldn't be profitable...

    Anthony, unfortunately whatever is going to be built will take advantage of the height, as clearly the property
    is rather small.
     
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  7. junctionist

    junctionist Senior Member

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    Hopefully, the architecture will be of good quality to enhance the sense of place because Lake Shore could be an attractive boulevard in terms of built form. It doesn't get blander or less inspired than the white grid podium of Park Lake Residences next door. That podium does nothing to animate the street; even its garage door looks cheap.
     
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  8. Youranthony1

    Youranthony1 Active Member

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    I thought Park Lake had issues getting approval for extra height.

    If the new building remains the same height as PL I will be a happy camper!
     
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  9. Grimace

    Grimace Active Member

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    If I remember correctly Build Toronto was pitching about 40 stories for the site directly west of the motel.
     
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  10. Josef

    Josef Active Member

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    Yes, PL was supposed to be a little higher. I believe the owners of the hotel were originally aiming to increase their height, but after being refused, they opted for the facelift instead. Now that Park Lake exists, it provides a better chance of succeeding for the property next door.
     
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  11. TOareaFan

    TOareaFan Superstar

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    Perhaps it could come back as a boutique hotel.....call it the Seahorse....maximize revenue by dividing each day into 24 "units" and rent the rooms by the unit!
     
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  12. investican

    investican Active Member

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    I heard Carterra is involved in the project -- I don't know who their partnering with on this project

    I heard purchase price is about 26 mil
     
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  13. Josef

    Josef Active Member

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    Interesting.

    Anyone with realistic suggestions as to how the potential building should be designed?

    I would assume one rectangular shaped building out of glass would be ideal or another two tower building similar to Park Lake's design?

    I really hope this property won't sit like a dump for years. The area is notorious for that (Park Lake sales office, Joy oil station, property just west of hotel, etc.)
     
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  14. p5connex

    p5connex Active Member

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    What we did to Harbourfront is happening in this area now too. Soon, the lake will be virtually blocked out by all of the condos lining the Lakeshore. I am not opposed to building along the lake, but anything like Park Lake, which is already a blight, is unacceptable. Furthermore, the heights and zoning should not be purely residential, but mixed-use and lower-rise buildings. Park Lake is not only terrible from the front, it is a disaster from behind (and yes I know it faces the highway).
     
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  15. Automation Gallery

    Automation Gallery Senior Member

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    With a purchase price of 26 million...i doubt it
     
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