Parkside Square | 142.94m | 43s | Tribute | Turner Fleischer

drum118

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Should be all down by now





 

drum118

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UD2

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and two more of those beauties are being built as we speak. Designed by the same firm as the project that we are discussion in this topic no less.

Question, why are they demolishing? if this project moving ahead or is the land owner simply trying to save money through not needing to insure unoccupied buildings?
 

drum118

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and two more of those beauties are being built as we speak. Designed by the same firm as the project that we are discussion in this topic no less.

Question, why are they demolishing? if this project moving ahead or is the land owner simply trying to save money through not needing to insure unoccupied buildings?
You answer your own question somewhat.

It's far cheaper to tear the building down than let them stand, if it's going to be sometime before anything takes place on the site. Unless you plan on leasing the site to generate some income until construction start, far cheaper to tear it down.

You don't have to insurance those building, as well it will reduce your tax bill. By having vacant land in place of building(s) on it, the city will tax the land at a low rate, saving the owners $$ over the long run until construction starts on it.

Surprise parts of the site still standing.
 

Gorogoro

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The city is studying the revitalization of the business park (which includes mixed-use developments like this one) through an initiative called ConsumersNext. At this point, it looks like they're envisioning Sheppard and Consumers to act as an important "node" and community hub, with this development acting as a gateway of sorts to a proposed "Consumers Main Street." In a feedback session, it was suggested that Consumers Main Street be developed as a destination outdoor mall, like Shops at Don Mills.

Consumers Main Street.png


If you want to read more about ConsumersNext, here's the lastest presentation (92-page PDF from April 25):
http://www1.toronto.ca/City Of Toro.../C/ConsumersNext - CCM3 Presentation AODA.pdf

The city will come up with a final draft in the fall that they will present to the community before taking the first steps in making it happen.

 

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David K

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You answer your own question somewhat.

It's far cheaper to tear the building down than let them stand, if it's going to be sometime before anything takes place on the site. Unless you plan on leasing the site to generate some income until construction start, far cheaper to tear it down.

You don't have to insurance those building, as well it will reduce your tax bill. By having vacant land in place of building(s) on it, the city will tax the land at a low rate, saving the owners $$ over the long run until construction starts on it.

Surprise parts of the site still standing.

With a wooden wall being built around this site, Maybe the project is moving ahead.
 

Gorogoro

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There is a large poster on the hoarding advertising the development as Parkside Square Rentals. What started off as a 3-4 storey mall with 3 towers and a park is now a single tower on a podium. Maybe a park is still part of the design (they call it Parkside Square, after all), but it wasn't featured in the image.

Sorry, no picture, and nothing online yet. But if you imagine a generic glass tower on a generic podium, you've got the right idea.
 

drum118

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There is a large poster on the hoarding advertising the development as Parkside Square Rentals. What started off as a 3-4 storey mall with 3 towers and a park is now a single tower on a podium. Maybe a park is still part of the design (they call it Parkside Square, after all), but it wasn't featured in the image.

Sorry, no picture, and nothing online yet. But if you imagine a generic glass tower on a generic podium, you've got the right idea.
They may have decided that it was easy to start off with one building being rental before moving to the next tower and leave mall area to the last.

Mods note the change
http://thebehargroup.com/wp-content...pard-Avenue-East-Redevelopment-2015-04-17.pdf
 

UD2

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at least they're building something. although I hope it's one rental building as opposed to 3
 

Gorogoro

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They may have decided that it was easy to start off with one building being rental before moving to the next tower and leave mall area to the last.

Mods note the change
http://thebehargroup.com/wp-content...pard-Avenue-East-Redevelopment-2015-04-17.pdf

True. I guess it was just an unexpected shift because up until now we've had three very different renderings of the development, each time with the mall being the focus with the towers ghosted out at times. There was also that multi-page brochure for the retail aspect that only made a brief reference to the residential development. And now an image of a rental tower with no mall! I wonder if they've changed plans.

On a side note, across the street on the northwest corner of Brian and Sheppard, they've started work on the sidewalk area. This is likely for the construction of the Brian Village Gateway project, which uses Section 37 funds from Parkside Square and was the result of a Participatory Budget initiative (residents came up with ideas on how to spend the money). It's not the most inspired gateway.....

 
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Gorogoro

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Here's a picture of the poster on the hoarding advertising Parkside Square Rentals. There's a hole being dug on the corner of Consumers and Yorkland, so I'm assuming it'll be built there. On the site layout posted in Page 2 of this thread, there were townhouse units and retail in the podium, but I'm not sure we see that here. drum118 is probably right in suggesting that this is just Phase 1, and I guess it makes sense to build the residential towers before the mall to create a built-in customer base.

Parkside Square poster.JPG
 

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UD2

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image.png
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They are doing building D in the drawings below.
 

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