A friend of mine who lives at 63 Charles told me that this building — and its taller neighbour to the west (55 Charles) have been purchased by Mod, with a 55-storey (ish?) tower planned. This was announced at a residents' meeting a few days ago. Rezoning is apparently expected to be filed next week.
Yes, I am a tenant at 61-63 and this is true. Talk of a sale prior to last week was pure speculation, but the deal has now been made. The info given to us at the meeting was as follows:
- Our building and the Charlesview have been purchased by a developer
- They are filing their re-zoning application this week
- The idea is that 100 units in this 50 storey condo that is being proposed will continue to be owned and operated by the current owners
- It is expected to be 1.5 - 2 yrs until demolition
- From there, construction would take approximately 3.5 years
- The developer is Mod Development
- The architect is Alliance
Tenants and members of the community will be watching this very carefully to ensure fairness! It’s just such a shame to see another building with such character torn down for yet another condo.