Toronto Bela Square | 112.47m | 35s | DBS | Arcadis
- Thread starter AlvinofDiaspar
- Start date
thomax
Active Member
christiesplits
Senior Member
Today.
Northern Light
Superstar
You were there maybe an hour before me. You could have sat on the bench and waited! LOL
I have pics too, but probably not going to process 'em til late and/or tomorrow.
Northern Light
Superstar
Grabbed a few pics yesterday, Nov 2nd, 2024.
First, from Dawes Road:
Now Main and Danforth:
The first 2 give you the impression that the building is complete, the third does not, though you may have to look a bit closer; but this one (below) clearly shows the hoist still up on the west side of the build:
Finally, a look at the new/replacement park that was part of the landswap for this build:
The above should be read as demolition of the previous parking garage, remediation, and backfill. Actual park development doesn't seem likely til spring.
First, from Dawes Road:
Now Main and Danforth:
The first 2 give you the impression that the building is complete, the third does not, though you may have to look a bit closer; but this one (below) clearly shows the hoist still up on the west side of the build:
Finally, a look at the new/replacement park that was part of the landswap for this build:
The above should be read as demolition of the previous parking garage, remediation, and backfill. Actual park development doesn't seem likely til spring.
GenerationLee
Senior Member
From Monday
Northern Light
Superstar
Last closer look was about 4 months back, so we're due.....and...
It's not quite there, yet.
Photos from March 9th, 2025:
The original building is on the Bela Square Branding:
Finally, the site of the new park:
It's not quite there, yet.
Photos from March 9th, 2025:
The original building is on the Bela Square Branding:
Finally, the site of the new park:
thomax
Active Member
March 16
rdaner
Senior Member
Thanks! Looking a lot like a large UK city’s outlaying area.
cranehunter123
Active Member
change to complete.
Hyperreal.Edwin
New Member
I assume occupancy has started and they are just having trouble getting tenants? This building is almost pitch dark at night...
Northern Light
Superstar
Correct.
Lease up is going Verrrrry Slowly.
I can explain this:
1) These are the largest units, lots of 1 beds that micro-sized.
2) Over 3k per month for units in this area......that's a stiff premium, yes, you get central a/c and ensuite laundry, but for much smaller than comparable units, you're looking at a premium of well over 1k. The only comp, of older stock that's close is Main Square, which is right at Main/Danforth, beside TTC/GO and grocery. It should be noted that's a reno'ed unit with open-concept kitchen and dishwasher (but not a/c)
Hyperreal.Edwin
New Member
Yea based off the lights at night this thing is like 90 % empty. Dbs is quite small I think? wonder if this deters them from building bela square 2
Northern Light
Superstar
I certainly don't see the ROI for it, on straight market terms. There may be one if they can get the City's affordable rental subsidies.
***
Since you asked about an update though.....check out that project thread (in about 5 minutes, LOL
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Hyperreal.Edwin
New Member
I think people would be more attracted to renting in this stretch if there was a little more retail. Although I love the area most probably want a little more right nearby. Does the city still have that weird zoning rule about apartment neighborhoods and retail? Im not sure if im remembering that right or if this is the place to ask but isnt it super difficult to get any sort of retail in this type of neighborhood because of zoning.