Good question. Likely very little. As this is directly beside an Eglinton Line 5 station, and the MTSA legislation is now in place, any new submission will not be restricted to the previous LPAT order.
42
Toronto 346 Eglinton Avenue West | 38.4m | 10s | Terranata | Rafael + Bigauskas
- Thread starter AlbertC
- Start date
42
Northern Light
Superstar
One little note here, just for clarity. While City Planning is generally treating applications within Council designated MTSAs as if those regulations were in effect; they are not actually in effect, legally speaking.
From the Midrise Performance Standards Report which I posted in the Zoning Reform Thread.
rdaner
Senior Member
In regards to vehicle access? So fewer parking spots might equal more density?
ProjectEnd
Superstar
@Paclo / @interchange42 - can you confirm @rdaner's assumption? If so, can we ban this stupid thing?
Tuscani01
Senior Member
What was the assumption?
I've deleted a number of repetitive posts by a new member. Just trying to determine whether this member is confused about posting protocols, or if we are dealing with a bot.
42
UtakataNoAnnex
Superstar
...I wonder how Lucy you'd be in determining that.
jmi22
Active Member
This was just sold for $4.8 mil in a receivership sale
1Ć0
Active Member
The link to this article no longer works, but I was able to dig up some of the Receivership docs - https://cases.tdbadvisory.ca/cases/2024/07/2024.04.19-Application-Record178716.1.pdf
Midtown Preconstruction Project Hit With Receivership Over $53M Debt
According to recent filings in the Ontario Superior Court, an Eglinton Avenue West preconstruction project from Toronto-based developer Morgis Group Canada that was hit with a receivership order this summer after failing to pay over $53 million in debts, was officially appointed a receiver in...storeys.com
And based on my read, it looks like the owners did rack up about $53m in debt on this site, only to turn around and sell the site for $4.8m???