skycandy
Senior Member
Morning pics…
35% sold as of today...Do they need to? Could they be like Pinnacle, and start on a largely self-funded basis?
When Freed Developments brought Broccolini in as joint development partner for their buildings on Redpath a number of years ago, I asked about the joint venture rational, as Freed had previously used private investors to help finance his projects. The answer was that Broccolini was being of financial assistance in these projects - presumably better terms than the private investors, due to Broccolini just starting to get themselves established in the Toronto market at the time.
So the need for a stipulated level of pre-sales to secure bank financing may not be an issue for Broccolini.
How the hell did Broccolini get to 70%?????
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Application Details
www.toronto.ca
Minor Variance application requesting an increase from 34 to 37-storeys, additional changes below:
One updated rendering of the 37-storey design in black & white:
- Height increased from 113 to 127.81m
- Total residential units increased from 388 to 427 (remains inclusive of 7 rental replacement)
- Total bicycle parking increased from 390 to 429
View attachment 581645
CoA hearing scheduled for August 14th.