Sugar Wharf Condominiums (Phase 1) | 231m | 70s | Menkes | a—A

HousingNowTO · Aug 23, 2022

Amare said:
So in practice, what would that kind of calculation look like for something like a 1 bedroom here for example?

I'm unfamiliar with the allowable rent increases for these type of situations/housing stock.

Each deal is different site-by-site, and the language has become more specific over the years. You would need to go back - and look at what was in the Section-37 for this specific building when it was approved by Council - but in a downtown ward, with a Councillor like Cressy - I expect the language around "Annual Rent Increases" and "Rent Increases on Vacant Units" would be similar to what is in this recent Staff report on the Affordable-Units at 880 DUPONT AVE - http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2022.TE34.40

mburrrrr · Aug 23, 2022

SE Tower should be topped out in the next week or so. (?)
NW Tower on 64 of 70.
The pattern is starting to look better from my perspective.

tstormers · Aug 24, 2022

The next buildings are going to fill this view in nicely!

DSC · Aug 24, 2022

mburrrrr said:
SE Tower should be topped out in the next week or so. (?)
NW Tower on 64 of 70.
The pattern is starting to look better from my perspective. View attachment 422184

View attachment 422186

View attachment 422185

We have been predicting the topping out of the east tower for several weeks, then they add another floor. Are they on auto-pilot?