Toronto The Kennedys Condominiums & Hotel (DEAD) | ?m | 40s | SAMM | IBI Group

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hehe...it's not dead anymore

Sunray Group is working with the City of Toronto on site plan applications for a multi-phased, mixed-use, predominately high-density residential development that could potentially include:

– three residential condominiums of 31 to 40 storeys with a combined 1,044 units;
– retail uses;
– expansion to the hotel;
– a new nine-storey office/commercial building;
– and a multi-level, above-grade parking structure.
 
Also came across this today:

"Proposal to construct a three-level below-grade parking garage, six-storey commercial/residential podium, 31-storey and 34-storey residential towers."

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So the Sunray Group who bought the property in July are moving quickly then. So far, AFAIK, they've only developed hotels, retail strip plazas, gas stations, and are building three 80-ish bed retirement residences. Nothing of this scale. I wonder if they're planning on going rental with the first two residential towers, if they really are plowing ahead so quickly.

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So the Sunray Group who bought the property in July are moving quickly then. So far, AFAIK, they've only developed hotels, retail strip plazas, gas stations, and are building three 80-ish bed retirement residences. Nothing of this scale. I wonder if they're planning on going rental with the first two residential towers, if they really are plowing ahead so quickly.

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Or they are retaining the sale contracts that the previous developer had secured.
 
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