Marquee, The (45 + 55 Lisgar St, Queen West Triangle, Drakestone, 14 + 7s) COMPLETE

[Solaris]

After the previous City Planning Report in June 2006 (http://www.toronto.ca/legdocs/2006/agendas/committees/te/te060913/it019.pdf) refusing a 18 + 9s proposal followed by a OMB appeal process ... it seems like this site is now going forward with a Site Plan Application at 14 + 7s ~

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45 LISGAR ST

Application # 08 210352 STE 18

Description: Proposal to constuct a 7 & 14 storey residential building (306 units) with underground parking. Convenience address 47 Lisgar St.

Proposed Total GFA: 25,000.00 sq.m.

City Contact: Sarah Phipps (416) 392-7622

Proposed Units: 306

 

[digitalcabana]

OMB Decision

OMB settlement would permit a mixed-use building with a total gross floor area of some 26,569 m2 of which a minimum of 929 m2 is to be used for non-residential purposes consisting of office space for Toronto Public Health together with day care facilities.

http://www.omb.gov.on.ca/e-decisions/pl060987-Feb-05-2008.pdf

 

[yyzer]

from today's Daily Commercial News....is this the same project? The website shows 55 Lisgar.....

RENTAL APARTMENT BUILDING Proj: 9080440-5

Toronto, Metro Toronto Reg ON NEGOTIATED/PLANS COMPLETE
The Marquee Phase Two, Lisgar Ave, between King St W and Queen St W, M6J 3X6

$30,000,000 est
Start: September, 2009 Complete: June, 2011
Note: Marketing is ongoing. Working drawings are nearing completion. Owner is seeking City Council approval for building permits. Schedules for Invited Sub trade tender and construction will be finalized pending approvals and occupancy. Further update early Fall, 2009.
www.liveatmarquee.com
Project: concrete foundation, cast-in-place concrete structural frame, brick exterior, fuel fired heating system, hardwood flooring; paint; ceramic tile; security system; onsite daycare centre; onsite laundry facility; proposed construction of a fourteen storey rental apartment building. The structure will step-down to seven storeys at the rear of the building. The building will house 300 rental units.
Scope: 260,000 square feet; 14 storeys; 300 units; parking for 300 cars

website: "the Marquee"

http://www.liveatmarquee.com/

 

[BMyers]

Both 45 & 55 Lisgar are owned by Drakestone Investments (which I assume is Medallion Properties), which is one of the only developers (with Concert) building rentals in the GTA.

 

[maestro]

TCHC, Minto, Morguard, Shickedanz, Verdiroc, Tower Hill and that's just off the top of my head. There's been a lot of rentals built from affordable to luxury during this boom.

 

[BMyers]

Yes there have been a few, including Boymelgreen, but those two I mentioned above are doing the most. I certainly would not use the word "lots" of rentals being built, when 10,000 - 12,000 condos are being registered every year!

I am refering to purpose built, market rent buildings. Most of the developers you mentioned have not done a rental for several years. I spoke to several of the developers on the subject while working on a project for CMHC on rental pro formas a couple years back.

 

[maestro]

I doubt there's a single market rental building built that isn't registered as a condo considering the track record over the past few years. So many intended rentals ended up being sold off as condo apartments due to low demand.

Most of the developers you mentioned have not done a rental for several years.

Five to ten years is just a blip in their terms all things considered.

 

[aguduser]

Demolition started.

Pics taken today.

 

[mysteryman]

That website and logo reminds me of 'the star of downtown.'
I think this is going to be a bad one...

 

[adamastor]

Does anyone know anything about the building being demolished? Who occupied it?

 

[urbandreamer]

I suppose the new crane I spied yesterday--12 Feb 2011--is for this project?

 

[drum118]

April 15

 

[urbandreamer]

25 May 2011:

Was design improved upon? Looks less nasty than I recall.

 

[drum118]

June 1

 

[drum118]

June 30
They are in the process of putting up hording and overhead protection and it will make it harder to get shots down the road.