Musée Condos | 53.95m | 17s | Plaza | BDP Quadrangle

someMidTowner

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Anyone know if construction continues during Winter? (snowfall)

Most construction sites will only shut down for high winds (crane safety) or temperatures below -15 (for concrete curing and worker comfort). So there may be some days where no work happens, but for the most part construction will continue as planned.
 

someMidTowner

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01s0uljah

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Just got mail stating that the city has requested this project to be limited to 17 storeys from 21 storeys. I wonder what's going to happen to the units sold above 17.
 

ssiguy2

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That is unfair and irresponsible of the city.

As you stated it's not only unfair to the buyers above the 17th floor but also to the company and other tenants. The company based the number of parking spots needed as per the units for sale. If they knew ahead of time the building would have to be shorter and hence with fewer units they probably wouldn't have built as many.

It's also unfair to the other buyers. Maintenance fees are based on the ongoing expenses and contributions to the contingency fund and then divided by the number of units with larger units paying more. If the city makes the builder cut back on the height and hence the number of units that means that there will be fewer people in the building to pay those maintenance fees so they will have to be higher than they were told.

If the city has made a mistake or didn't listen to local concerns that is 100% the fault of the city, not the developer or buyers.
 

01s0uljah

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ssiguy2,

Thanks for the input and opening my mind on the other possible effects of downsizing the number levels to be built. I didn't realize the maintenance fee pool, number of parking spots, etc..

Doesn't the city need to approve the plan befote selling or building? This absolutely sounds responsible on so many levels.

For those who had purchased on an affected floor, they get their money back plus interest. But extremely disappointing that they're not going to get their units.

For the buyers that are not affected, there's 2 ways of looking at it.

1. If you bought of the 16 level, you would be closer to the top now. Feels great.

2. If you are mid level or lower, the whole project seems a little less attractive, especially because they're building next to another project. This is unfair on so many levels.
 

TheKingEast

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That's very irresponsible of the city. One of the few times I feel bad for the developer. Feel bad for the purchasers, though. Now they're forced to have to buy something in this market where prices have shot up since they bought at this condo.
 

interchange42

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What are you guys talking about? Plaza agreed in June 2013 that the building would only be 17 storeys, and this was written into the Zoning Bylaw Amendment that was passed to allow this building to get built in the first place.

The City doesn't allow a project to go ahead and then simply ask a developer to keep it down a bit, like some mother yelling at her kids. Decisions are made in a professional manner in the development system in this town. Has spending all this time on UrbanToronto not made that clear by now?

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