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I can't get my head around the intent here. Still condo tenure (for now), but no material sales and no current public sales program...

Imagine having a 14 storey zoning in hand, then spending 2 years trying to get 48 storeys only to settle at 4 more in the end. The IRR has to be negative...

Weird move. This kind of entitlement doesn't secure the paper value it might have a couple years back. Zonings like this aren't worth the $2M in invoicing and fees it takes to get the density secured.

Not a damn chance.

Gotta hand it to 'em, this does look really good.

Not shoring, geothermal drilling: https://www.linkedin.com/posts/amelillo_gorgeous-spring-day-visiting-our-project-activity-7444411370848063488-7i8Q?utm_source=share&utm_medium=member_desktop&rcm=ACoAABWhmzUBq-Jp8RwVbzxxEJzQwZTjzDTob74

Above grade now:

Oof:

One colour / cladding material all the way up. The hell with what the City says, it just looks stupid.

Doug, Doug, the druggery man, if he can't make it all worse, nobody can!

You don't need to refile to reduce the size of your building. If you have NOAC for 400 units, you're still welcome to build 350 (or whatever) under that same permission.

Nope.

A decade later...

\/ Crane is here:

Sure but the perplexing issue is that $35M is an extreme amount of money to deploy for a small retail asset. Generation has tons of money, sure, but this is kinda silly (or there's just more we don't yet know).