Bazis has some solid partners on this project. There are few connections between this team and the one that led to the One Bloor fiasco . Long storey short ... Tridel has their shoring permit. Bazis doesn't have theirs.
Oh, btw,... in case you're wondering why Bazis EmeraldPark still haven't got their permits yet. They still need to dot all the "i"s and cross all the "t"s. Bazis EmeraldPark development approval applications/zoning requirements are probably amongst the most complex the city have seen! Taking over the OMB ruling on the western 2/3 for 22 & 25 story condo, converting eastern 1/3 from commerical (no residential) to residential zoning, "buying" city laneway in the middle, exceeding the 100m height limit, exceeding density limit, transfering density from church west side of Beecroft, realigning & widening Poyntz, TTC subway entrance & air shaft, etc,... The Zoning By-law Amendment (ZBA) changes were recently approved by the city of Toronto on Dec 16, 2010 (file# 08 178556 NNY 23 OZ),.... but ANYONE can still appeal it to the OMB, as long as they notify them by January 11, 2011,... see attachments.
Lots of condos all over downtown North York,... except in this EmeraldPark neighbourhood south-west of Yonge and Sheppard, which is void of condos. The residents in this neighbourhood have been very successful at fighting off condos,... including two proposed condo towers at this same EmeraldPark site about 10-15 years ago (even though OMB approve two 22 & 25 storey 364 unit condo for western 2/3 of lot,...you can bet the residents are even more resistant to this EmeraldPark proposal for 30 & 40 storey 565 units). Another condo proposal shot down by the locals (7 years ago) at the foot of Botham Road overlooking the Don Valley west golf course will now be a new elementary school. They also seem to have killed the massive condo proposal at the western end of Bogert & Poyntz Ave (5 years ago).
It's the density and traffic congestion that these condos bring that the residents hate. And realizing that EmeraldPark will "encourage" the currently zoned commercial office land for Nestle2 (immediately to the north) right the at south-west corner of Yonge and Sheppard to be re-zoned for another high density condo,... you can expect some residents to appeal. Even if they eventually lose,... the appeal process will drag out and buy them more time,... more relatively "peace and quiet" time.
Also, for this EmeraldPark site, Bazis needed a city owned laneway that runs almost right in the middle of this site (it's still bordered by yellow guardrails and wire fencing with overgrowth). The city was smart enough to make the sale of that laneway to Bazis contingent on Bazis building exactly what was planned and agreed upon,.... in other words, Bazis can't flip the entire lot and sell it to another developer who will build something else. Like what happended at Bazis 1 Bloor project,... even thought that was more like a forced sale! The city sold a laneway to Bazis for the 1 bloor project without any conditions. The city owned laneway that the city is selling to Bazis EmeraldPark will go back to the city if EmeraldPark doesn't get built.
Basically, someone appealing this EmeraldPark zoning would be in a pretty good position. They can hold up the project,... at worst they'll buy more time and get more peace and quite. Bazis might be forced to give more to the local community,... or anyone with a "pet project". Hmmmm,... I hear EmeraldPark will have a Starbucks,... and I'd like to have free starbucks for life! And also for my dog too!
Anyone else have any pet projects?