Toronto 88 Isabella | 199.22m | 62s | Capital Developments | Diamond Schmitt
- Thread starter Northern Light
- Start date
3Dementia
Senior Member
innsertnamehere
Superstar
This would be one of the larger buildngs demolished in the city, right?
Johnny Au
Superstar
Behold!
Image generated using ChatGPT
Rascacielo
Senior Member
This is a rental right? Presumably they'll start construction soon after the current tower is gone?
ChesterCopperpot
Senior Member
There's a number of rental replacement units in the building but it's mainly condo units.
innsertnamehere
Superstar
what are they doing demolishing it now then? They aren't selling 750 units here any time soon.
Northern Light
Superstar
A few notes:
1) SPA is still 'Under Review' - No NOAC
2) No Permits in process for the 'New Build'
3) From the industry crowd here.............I agree with Innsert's take above, but with up to 82 tenants re-located and many likely receiving a rent subsidy what are the economics of sitting on a project like this for an extend period of time>?
Property Taxes, security, interest on debt if applicable, tenant assistance costs.........
3Dementia
Senior Member
@Johnny Au
While I admit your Godzilla + apartment building "bite" better approximates the actual 88 Isabella demo in the photo above (and thus more "Likes" :-(
... I've repeatedly warned you about going down the AI rabbit hole way too often.
I've consulted Gemini, Siri, Alexa, your friends and family and many others... and all agree that you:
a) are spending way to much time in the nebulous AI ether
b) your sleep patterns have been dramatically altered
You are much-beloved here at UT and we are considering an intervention if the behaviour persists.
While I admit your Godzilla + apartment building "bite" better approximates the actual 88 Isabella demo in the photo above (and thus more "Likes" :-(
... I've repeatedly warned you about going down the AI rabbit hole way too often.
I've consulted Gemini, Siri, Alexa, your friends and family and many others... and all agree that you:
a) are spending way to much time in the nebulous AI ether
b) your sleep patterns have been dramatically altered
You are much-beloved here at UT and we are considering an intervention if the behaviour persists.
Johnny Au
Superstar
I have created a thread regarding this:@Johnny Au
While I admit your Godzilla + apartment building "bite" better approximates the actual 88 Isabella demo in the photo above (and thus more "Likes" :-(
... I've repeatedly warned you about going down the AI rabbit hole way too often.
I've consulted Gemini, Siri, Alexa, your friends and family and many others... and all agree that you:
a) are spending way to much time in the nebulous AI ether
b) your sleep patterns have been dramatically altered
You are much-beloved here at UT and we are considering an intervention if the behaviour persists.
AI-Generated Content
There has been so many discussions very recently about AI-generated content with the rise of ChatGPT and Google Gemini. For me, it completely depends on the situation. Using AI-generated content from people without their consent and without stating explicitly that it is AI-generated content is...
336FinchWestNight
New Member
Rascacielo
Senior Member
I wonder how much the rent was before the building was vacated. I know some tenants in vintage buildings like this are paying just around $1k per month in rent. That would mean the developer has to pay a rent subsidy of at least $1k/ month while the tenants live elsewhere. Delaying construction by 2-3 years would cost them $24-36k per tenant for the subsidy alone. I suppose that's peanuts compared to proceeding without enough buyers for the condo units.
PlannerZero
New Member
It's very difficult to get people out; so once you can get the building vacant, you begin the process. I am almost sure this would be on the heels of constructing the new building.
pearpenguin
New Member
336FinchWestNight
New Member
Wow they are working fast mid january time its gonna be gone