Towered
Superstar
Awesome, so glad this will rid us of the Lamborghini and Harley dealerships, but the historic building housing Rock Oasis might be seen as a loss. I'm sure it could look handsome if fully restored.
The exact price paid was $42 million, equivalent to $401.75 per square foot of site area. There will be some demolition cost to be factored in on top of that. Considering both this rate, and the size of the property at well over two acres, I wouldn't expect a smaller "boutique" style of development. In my opinion, this location, with good clear views to the south and west at least, lends itself to a high rise. Edit: hopefully "stepped down" from the south frontage on Front Street with something lower toward the north.
That being said, any building fronting onto Bathurst can easily go up to 16 floors. Much higher than that, and there will likely be opposition.
Opposition from who.. well maybe from the pig slaughterhouse down the street.
King-Spadina Secondary Plan.
I know there is an overwhelming desire in some corners to push for 50 floor towers everywhere, but doing that in this particular area puts what is unique about this area at extreme risk.
It's part of the same district that includes Portland up to Queen. Tall towers tend to drive land values, which in turn drive taxes, and that results in ever greater development pressure to build up everywhere. What will get lost are the older low rise warehouse buildings in the area as they become increasingly unaffordable to many businesses.
From what I have heard, the project will be composed of a number of buildings (the number mentioned to me was four). It's too hard to know right now whether there will be four independent structures or four buildings somehow linked together by some common element. In the end, this could be four distinct condo corporations of various sizes, or one very large one. So there is always a possibility for one or more smaller "boutique" buildings on the site.
That being said, any building fronting onto Bathurst can easily go up to 16 floors. Much higher than that, and there will likely be opposition.
I have also heard that Minto is involved.
1200 units?!! If it was a single tower, it would be very, very tall....it must be several towers, as suggested...
1200 units?!! If it was a single tower, it would be very, very tall
Yeah but even if it was 4 towers, that's 300 units per tower, which is like 30 stories each depending on the footprint.