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Was this transaction ever reported? Didn't realize the government sold land to them...

Total acquisition price coming out to $25m. To blend down to a density that can be flipped they will need to be 40+ stories here.

Curious who picks this up once they flip it - tough market to launch anything so this will probably sit for a bit

$15m for 480k sqft.. Even in today's market the land owner must have share in the LP to agree to $30 psf...

They will likely resubmit at +/-50 storeys and blend to $150

Thelo/Markee. Sold to block ~ $32,425,000 - closed Nov 30th with houses closing earlier.

It's odd - I've eliminated cookies - switched browsers - nothing seems to work. I'd say it works 10% of the time I try and access it during the day.

Anyone have a link for the SPA on this file? Link seems to be broken online.

By reload do you mean the webpage or just the application - for me it never works from 9-5.

It seems like zone and flips are becoming as common as actual proposals now.

It'll land in the high 30's and be listed for sale the next day.

Where normally I would agree I think the land flip business is over and while silver hotel might be ok with sitting on it Republic has staffed up and likely needs to get into sales to trigger the bulk of development fees/ any carried share in the project. Curious who they use for sales/construction.

Sites being flipped as expected CBRE with listing

Do they actually own all the land now ? Would be curious to see how the city valued the land in a site they zoned in 1 year with a 20% affordable requirement.

Being sold off - odd timing on this one. I wonder what the story is.

Anyone know how Daniels managed to buy this lot? It seems like the most clear cut example of how inept or corrupt CMHC is.. Per realnet the lot was bought for $17m in 2020 with AOR zoning and a confirmed GFA now of 504,084 sq ft .. this would be $35 psf/GFA ... In a market where Daniels is...

They tie them up with a $50k deposit and close on zoning or some other milestone.

Pretty much sums of the state of the "development" market - this is certainly more thoughtful than most but it's still practically rent seeking.

Didn't realize they were selling it at zoning great positioning by centrecourt to leverage a small insignificant parcel into $ and fees.. Only buyer for this type of building would be institutional and like you said it will need to have additional subsidies.

Being listed for sale. Curious if Harlo decides to do this on other sites at zoning like kingsett ..