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Yup. For the $ ask (QuadReal picked it up for $24m), midrise didn't make sense here. Needed a tower of about 20ish stories to make the math work as NL notes, which is probably why there were so few bites since 2017. Most likely post office + 1266 Queen providing some form of precedent for tower...

They made this applicant submit a Block and Context plan for a 6 storey main street infill... ?

JV = Joint Venture TAS is definitively feeling the pinch as well. They laid off 25% of their staff a few weeks back as per their latest impact report. They spent a lot on 880 Eastern - I think over $20m. They were/are looking to do condo there though. The market has turned with high interest...

Silver Hotel has no intent to build this anytime soon. They just renovated the Novotel last summer and they don't really have the experience to build a massive residential condo And Republic doesn't really have a track record of construction, so I doubt they'll do it. They would also have to...

A 25% IRR for rentals in todays market? Where do I sign up?

On a very cursory overview, you may get 3 - 4 towers if you assembled the entire block (John - Duncan - Queen - Richmond). Towers in the 40s fronting onto Richmond and in the 20s fronting onto Queen. With 4 towers you would land somewhere around: - 1.3m SF of GCA - 1.18m SF of GFA - 1m SF of...

As per Mike Foderick of McCarthy's, this project received its final OLT order yesterday

Good catch. The first 50 or so metres (roughly 16 storeys) you won't be able to see bc of the TCHC building at 25 elm - which also has a blank wall at its east face. The rest of the blank wall (above 50m) is likely bc Fora has not yet secured an LDA with TCHC. Presumably, the TCHC building...

These two proposals have received refusal reports by staff. To be considered at EYCC on July 15 https://secure.toronto.ca/council/agenda-item.do?item=2024.EY15.5 https://secure.toronto.ca/council/agenda-item.do?item=2024.EY15.4 Issues with Massing, Height, Built Form. Interesting how the other...

Marlin Spring picked this up for $10m in June 2024. I don't believe there's a record for it at the moment

I think this is (will be) a Markee/Collecdev project. 264 Christie was purchased for $2m in June by "Markee Missing Middle (Oakwood) GP"

Receivership for sale via CBRE (as a partnership interest) - https://online.flippingbook.com/view/499719887/ From Mike -

Receivership for Sale https://media.licdn.com/dms/document/media/D561FAQG79JMSV1_8zA/feedshare-document-pdf-analyzed/0/1720035270724?e=1721260800&v=beta&t=G46HE-v5n1HDqKPaM5AD4eOX-HbAQlHL2QlCQpwPIzA

Fair point. It's kind of a similar condition at 158 Front East and 55 Ontario. The ground floor is not inspiring at all in my opinion (similar to here - it lacks dimensionality). The rest of the buildings though are very well executed. I think Junction Point is looking better. I'd be curious to...

Looks like this one has been settled at a 37 storey tower sitting atop the existing 16 storey office component, as per TPB (for a total of 53 storeys) Headed to Preservation Board on July 4th - https://secure.toronto.ca/council/agenda-item.do?item=2024.PB20.5

Some additional info here: From the TLCs policy and planning committee (from the March and May agenda + minutes) - https://torontolandscorp.com/pp-agendas-and-minutes/ March (pages 7 to 12) -...

Biked by here last night - fences/hoarding still up. Looking good so far. I wonder how they'll manage dust from the Strada aggregates depot next door. I was also accompanied by a couple of groundhogs during my photoshoot

The question is - can you sell a 500 sf unit for $1.5m here (@ roughly $3,000/sf)? This isn't a 1 Roxborough situation based on how Prowinko has demised the units. Freed is really trying at Adelaide and Duncan... but that's about $2,000/sf. And I think he sold like 20 units?

Way better deal than this for the price, # of units, gfa, location.... and it still shows a loss