Toronto 250 Danforth Road | 37.64m | 10s | Caishen Capital | Kohn

www.theglobeandmail.com

Toronto condo projects sold since 2016 in danger of cancellation, analysis finds

Since 2017, there have been 6,350 condominium units cancelled in the Greater Toronto Area
www.theglobeandmail.com www.theglobeandmail.com
The most endangered project is Danforth Square, a presold 279-unit condominium proposal in which the landowner, Forme Development Group Inc., is going through a Companies’ Creditors Arrangement Act sale process. On May 21, the court-appointed monitor KSV Advisory Inc. sought permission from the judge overseeing the bankruptcy to return deposits to prospective apartment owners, a move that would effectively cancel the development.
Click to expand...
 
New docs posted February 28:


Revised Application The revised application under new owners (Caishen Capital Group Ltd) proposes the redevelopment of the subject site with a 10-storey (220 units) mixed-use building fronting Danforth Road, three blocks of stacked townhouse units (70 units) and 21 regular townhouse units. A total of 311 residential units are proposed, with a total residential gross floor area of 24,663 square metres. In addition, 122 square metres of non-residential gross floor area is proposed within the mixed-use building on the ground floor. A total gross floor area of 24,124 square metres is proposed, resulting in a gross FSI of 1.8 (net FSI 2.1). The existing appeal to the LPAT (Case No. PL180257) filed by the previous owners Forme Developments on March 14, 2018, continues to apply to the development. Original Application Revised submission of February 26, 2018. As with the last circulation of May 9, 2017, the proposed extension of Blamblett Road has been shifted further south. Stacked townhouses (66) are now proposed north of the new Blamblett Road and 18 freehold townhouses and two semi-detached dwellings (containing 4 units) are now proposed on the south side of Bramble and west of the new Dairy Road extension. The applicant also proposes a 178 unit, 10 storey residential building with 8 retail units (at grade) on lands fronting Danforth Road.
Click to expand...

Architect is still Kohn:

1583542480446.png


1583542539244.png


1583542557529.png


1583542574720.png


1583542593764.png


1583542619307.png


1583542647265.png
 
Not sure what to make of this, but fresh lobbying on this one from Bousfields w/the client listed as Altus.
 
You must log in or register to post here.

Back
Top