Toronto Sugar Wharf Condominiums (Phase 2) | 283.6m | 85s | Menkes | a—A

Isotack said:
Those trees look pretty permanent to me.
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As we saw a month or so ago, the first thing they did was put in drains and water. One would only do this (well, do it rationally) if you had a PLAN. I assume that what tey mean by a temporary park is one where the basic things like drains, water and, yes, trees, is 'final' while the rest is not yet set in stone (or concrete).
 
June 5, 2005 Ride for Heart
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Jan 21, 2025
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Jan 15, 2025 sunrise
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OMG I can’t believe I missed that they narrowed the tower designs here! It’s a revelation for viewing through to the waterfront, the previous design was going to be a solid wall of condos.

This is how I think it will look like directly southwards as the new design, much better than just seeing the water only down Freeland StIMG_9666.jpeg
 
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www.thleaflet.com

Former LCBO Site on Queens Quay: A School Delayed, A Park in Progress

Toronto’s waterfront is undergoing a major transformation, but a key project—the redevelopment of the former LCBO site at Queens Quay and Freeland Street—has faced delays. Originally planned for a $44 million elementary school as part of the Sugar Wharf development by Menkes, the site was...
www.thleaflet.com www.thleaflet.com
 
41stfloor said:
www.thleaflet.com

Former LCBO Site on Queens Quay: A School Delayed, A Park in Progress

Toronto’s waterfront is undergoing a major transformation, but a key project—the redevelopment of the former LCBO site at Queens Quay and Freeland Street—has faced delays. Originally planned for a $44 million elementary school as part of the Sugar Wharf development by Menkes, the site was...
www.thleaflet.com www.thleaflet.com
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I'd assume the school is important to the community no? Why do they delay the school makes no sense.
 
Therealakhan said:
I'd assume the school is important to the community no? Why do they delay the school makes no sense.
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There was no way this school was ever going to be completed on time as previously announced. Moving the school to the front building probably allows it to be built and/or open before the condos are started/finished compared to the first design and current market conditions. What happens next? Who knows.
 
travis3000 said:
Such prime real estate sitting empty in Canada's largest city.
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This is a pretty big project - and it seems like the rendering is not even final. Since there are more than usual unsold inventories in market, I guess they will wait a bit.

I am genuinely surprised that Pinnacle is so aggressive.
 
They are working today pushing a little dirt or snow. Doing what else? I don’t know. They were “parked” on site a numbers of days pre and post snow fall.

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DSCToronto said:
As we saw a month or so ago, the first thing they did was put in drains and water. One would only do this (well, do it rationally) if you had a PLAN. I assume that what tey mean by a temporary park is one where the basic things like drains, water and, yes, trees, is 'final' while the rest is not yet set in stone (or concrete).
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Nope, nothing that has gone in is necessarily final. That's not to say that it's a guarantee that none of the trees will stay, for example, but the final design is not dependent of keeping anything from what is being transferred to the City, including the drains.
Tyrang said:
This is a pretty big project - and it seems like the rendering is not even final. Since there are more than usual unsold inventories in market, I guess they will wait a bit.

I am genuinely surprised that Pinnacle is so aggressive.
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Pinnacle's tower was sold during the period prior to the current slowdown. Pretty much anything going up now represents sales from three or four or more years ago. The development industry takes a while to respond to demand, as so much has to be lined up — financing, equipment, materials, workers — to put a big building up. Cranes are basically a delayed economic indicator.

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interchange42 said:
Nope, nothing that has gone in is necessarily final. That's not to say that it's a guarantee that none of the trees will stay, for example, but the final design is not dependent of keeping anything from what is being transferred to the City, including the drains.

Pinnacle's tower was sold during the period prior to the current slowdown. Pretty much anything going up now represents sales from three or four or more years ago. The development industry takes a while to respond to demand, as so much has to be lined up — financing, equipment, materials, workers — to put a big building up. Cranes are basically a delayed economic indicator.

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Makes sense - I do know that typically development projects have to secure 70% purchase before going up (as required by the financing from the banks). I also heard that that number drops a bit with more reputable builders and goes up with smaller builders. I guess Pinnacle have secured enough buyers for both Lakeside and One Yonge.
 
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