The Webley | 33.23m | 8s | Zinc Developments | Cumulus

AlbertC

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From the January docs:



ave.JPG
ave2.JPG
ave3.JPG
 

concrete_and_light

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I like this one! Contrary to what the other poster said about it being just a "same old square building", sometimes simple geometry is best. I'd rather this next to me than something that tries to do some "break up the massing" and "stepping back" stuff and then have it end up just looking messy. The materiality on this also looks like it could be decent — hopefully!

On the subject of the neighbour's house value going down, well, it is not the obligation of the City to preserve peoples house values and stop development on main streets in order to do so, but is that even something that happens? Does property value even go down when something like this is built next to a house? I question whether it would happen even in normal times, but the market is so astoundingly out of control right now that I can't imagine someone's house price in this location especially would actually decrease. And with such a central and valuable location I imagine the people living next to this will see their property value continue to rise for quite some time. And if they don't like living in the centre of a major city where there will be midrise buildings very reasonably built, they can sell and recoup those millions. Not a bad problem to have. Wish I had a valuable conveniently located house I could sell for millions!
 
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Art Tsai

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The new rendering is updated in the database! The following changes are made in the database.

The total building height decreased from 34.14m to 33.23m. The total storey count remains the same at 8 storeys. The overall unit count increased from 11 unit to 16 units. Lastly, the total parking spaces are the same at 35 parking.

The rendering is taken from the architectural plan via Site Plan Approval:
 

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egotrippin

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I like this one! Contrary to what the other poster said about it being just a "same old square building", sometimes simple geometry is best. I'd rather this next to me than something that tries to do some "break up the massing" and "stepping back" stuff and then have it end up just looking messy. The materiality on this also looks like it could be decent — hopefully!

On the subject of the neighbour's house value going down, well, it is not the obligation of the City to preserve peoples house values and stop development on main streets in order to do so, but is that even something that happens? Does property value even go down when something like this is built next to a house? I question whether it would happen even in normal times, but the market is so astoundingly out of control right now that I can't imagine someone's house price in this location especially would actually decrease. And with such a central and valuable location I imagine the people living next to this will see their property value continue to rise for quite some time. And if they don't like living in the centre of a major city where there will be midrise buildings very reasonably built, they can sell and recoup those millions. Not a bad problem to have. Wish I had a valuable conveniently located house I could sell for millions!
In today's market I would wager a big fat no to property values going down. And as you mention, these are people with multi-million dollar properties so, world's smallest violin.
 

AlbertC

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Takes quite a bit of chutzpah to be selling it in that format. I'd reckon they may have to price them out around $5-10 million per unit to make the numbers work. Curious to see how the market reacts to a project like this.
 

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