Red Mars
Senior Member
Looks like this private park/yard behind the fence will be turned into a gateway from Draper to The Well.
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Reminder to anyone interested that there is a public meeting about this tonight. I am unable to attend but would much appreciate if someone is able to go and perhaps snap a few pictures.
Any thoughts as to how this will affect property values in the area?
Ask yourself, "Would I want to live next to a massive construction site for 10 years?" Anyone looking to buy a resale in the immediate area will ask themselves this. So in the short term it should put downward pressure on prices, but once all is said and done and construction is finally completed, the new inventory should lessen and demand for resales should go up. While the pre-construction crowd could care less, owner-occupied type buyers tend to look to established areas that are peaceful.
Lesson learned for us btw
Staff report coming up at the May TEYCC - agenda item link below:
http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2014.TE32.44
Thanks for the site/ground floor plan - looks like the office tower will have an oval floor plan from the placement of the (perimeter) pillars.
AoD
While the pre-construction crowd could care less, owner-occupied type buyers tend to look to established areas that are peaceful.