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Wow, this Gillespie person sounds like a real piece of work. And I agree, absolutely should go after costs on appeals with frivolous justification.

That’s very kind. I try to contribute where I can. ;-)

It would be (should be) valued based on the highest and best use, as vacant, and on a buildable rate basis. (Approved GFA x buildable rate which would be derived from similar properties which sold around 2016, since we are still stuck in 2016 when it comes to assessment.) The tax class would be...

Vacant zoned multi-res land gets a different tax class, with a lower rate, iirc. I haven't done assessment for a while, but I we got a lot of tax applications to seek relief for newly vacated (vacant) land. Could be this as well.

Saw a presentation on this one at a conference, which suggested it was the largest project in Ontario (or maybe Canada(?) to use geothermal to provide energy for the HVAC and climate control.

I didn't realize there was that much hotel GFA in the plans. Does that include any kind of convention space? Now I am curious how many square feet the Bremner Delta is.

Recently, I can only think of the Delta on Bremner. But I was thinking large as in established name brand hotels like Marriot or Hilton. I should have been more clear. Regardless, any hotel component would be only a part of the whole certainly.

Only bumping this thread because @ProjectEnd teased us in the other Pinnacle thread. So, without pressuring the release of private info, I'll instead take a guess at the big changes to come here. Hope others jump in... Obviously, no real additional office space in this market, and potentially a...

But...it's Madison. Does anyone really think they will get this in the end?

However, leases do provide holding income over the period of time needed to typically prepare the site approvals for a redev. I realize that’s not needed here, but leases aren’t always considered in the negative. Either way, the purchase price probably won’t be negatively affected by a short...

I agree, though this would only partly solve the problem and people would challenge the CRA. A bigger issue is, in my industry, a problem around RE appraisal being dictated far too much by the client. As in, too many appraisers are without the ethical integrity to get the value "right"...

Friendly neighbourhood appraiser here...The previous sale adjusted for market conditions between the sale date and the present date, would be a start, and would be given significant weight in an appraisal. The price paid has baked in some anticipation of probable use (redevelopment) and...

I love the massing. Something very human about the scale. I yearn for this on all our avenues, and a less denser version (1/2 should work) on residential streets close to main avenues, sloping down to three stories across much of the yellow belt. You might say I'm a dreamer.

That is a stunning blue on those columns, I would love to see more of that around the city. It works with the orange as well, imho (humble opinion). But will the concrete not be painted as well?

I see you…

If that's the joke, then I missed it too. I do remember Metroman's strongly held 'Apple or die' perspective. I like Apple products, but I stop there. Cult-like worship truly can never be healthy.

Retail vacancy is lower overall in the market and heading down to 4%, as per CBRE's market outlook presentation from a couple weeks back. This bodes well for well located retail such as the retail coming to The Well. EDIT: saying "well" three times was entirely accidental.

Sounds about Trump to me, only legal.