Why would you want to reduce parking here? The ossington bus is a good NS route but there is a dearth of EW transit. You will still get people with cars living here and parking will just go to further crowding an already at capacity street parking condition. St. Clair is no different. The amount...
I doubt this breaks ground until Monza is well underway. The backers of this are institutional and deep pocketed. They can wait until the market is focused on their building as opposed to the two others within a block.
You understand that the first mortgage is held by Firm as well as the subordinated bridge correct? Really the debt is broken up into a couple of tranches but it's all through Firm. I haven't talked to them specifically about this piece of debt (though I know that they are comfortable with it and...
Old One:
New One:
You tell me. Does this look better? Higher quality? I would say that the process is the cheapening of the finishes and blunting of the architecture to lower costs. The Developer would be the one to blame.
It's 76% leased now. They wouldn't turn down unsolicited interest but they aren't beating the bushes hard as far as I know. And I talk to the CFO on a fairly regular basis.
It will be all office. They are not going to even start significant preleasing efforts until BA East is past the head-lease lease-up point nothing will happen. Brookfield Canada Office Properties owns the building, its parent Brookfield Property Partners sold it to them on an "as if leased"...