55 Yonge | 236.21m | 66s | H&R REIT | PARTISANS

carrythezero

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From the latest H&R REIT investor update:

53-55 Yonge.PNG
 

innsertnamehere

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This one has been brewing for years. Good to see it public. Look forward to reviewing the plans that were submitted.
 

cd concept

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What is going on in this city two new huge proposals today. And two other at 80 & 82 Bloor st towers consolidating to a height of maybe at supertall status . Wow !! By the way this tower is gorgeous with its unique looking facade for this city . And will complement the two old Victorian buildings next it.
 
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Northern Light

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The existing building is a Peter Dickinson. The new one… I can’t name the architects, but it’s real.

The renders available are insufficient to judge the proposal in my mind.

***

I must confess though, I've never been a fan of Dickinson's work. I find it very utilitarian.

Some will pitch clean lines, and the spare ethos. So be it, taste is personal.

But I can't say I'd miss many of his works.

I probably like Benevuto best among his well known works.

But I still don't consider it irreplaceable by any means.

His material palate was always very basic.

I don't particularly like frou-frou in my architecture.............but his was always a bit too spare for me, and rather boxy.
 

rbt

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they also proposed a proposal at 310 Front. how serious are they? is it just a flipping exercise?

A quick glance at their Q2 finances (Q3 for some reason is a broken link) and most of it looks reasonable (cash on hand, debt, lower rates for new mortgages, etc.). 2020 hasn't been good for Net Income; which they offset by devaluing their properties by ~10%.

So, it could go either way. Cash from sale might be useful, but they also have capacity to fund construction of a couple large projects. If they feel work-from-home is going to stick, then expanding their residential portfolio would help offset that, and this being flagged as rental (rather than condos) is a strong indicator they intend to keep it.
 

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