RZ12
Active Member
Is this approved? Sales said start is Q1 2020
Toronto United Kingsway Condos | 27.45m | 7s | Fieldgate | IBI Group
- Thread starter someMidTowner
- Start date
innsertnamehere
Superstar
my understanding is that it got chopped to 6 storeys, which is of course completely ridiculous and completely surprises me that the LPAT favored the old city plans limiting density so much right atop the subway.
ProjectEnd
Superstar
Lots of old, wealthy, white people around here. If there's a community with money and time to fight, it's this one. My parents lived around here until recently - they were canvassed multiple times by opponents.
WislaHD
Superstar
I am consistently amazed that in this city there are NIMBY neighbourhoods where residents will show up in numbers to oppose inoffensive housing development, to the point where they would personally donate hundreds of their own dollars to residential groups to hire consultants and lawyers to fight said development to the LPAT, yet wouldn't lift a finger for charity, and are among the first to refuse new taxes to fund municipal services.
The canvassing for housing opposition is reminiscent of what went on with Humbertown not too far away from this site, some years ago.
The canvassing for housing opposition is reminiscent of what went on with Humbertown not too far away from this site, some years ago.
innsertnamehere
Superstar
Hundreds? try tens of thousands in some cases. Luckily it doesn't always work. 6 Dale comes to mind.
I'm not in favour of the "sky is falling" types here either, but it's not fair to throw the book at them—"wouldn't lift a finger for charity", you don't know that. They're not evil personified just because they're against, uh, density creep, they're just sheltered and scared.
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Northern Light
Superstar
Change of plans here!
And if you thought the Nimbys were up in arms before..................
New 50/50 Partnership with Fieldgate Urban for Mixed-use Development along Bloor Street West in Toronto
RioCan has formed a 50/50 partnership with new partner, Fieldgate, to build a mixed-use condominium project along Bloor Street West, directly across from the TTC’s Royal York subway station, in Toronto’s affluent Kingsway neighbourhood. The transaction involves the sale of a 50% interest in RioCan’s 2939 – 2943 Bloor Street West property to Fieldgate and the acquisition of a 50% interest in Fieldgate’s 2915 – 2917 Bloor Street West property, resulting in both partners having a 50% interest in the combined site. The transaction is valued at $180 per square foot buildable density. The net transaction price was approximately $8.0 million paid by RioCan to Fieldgate, including reimbursement of its share of development costs incurred to date. The combination of the two adjacent sites will allow for a development project of increased scale with greater density allowance and development efficiencies. The project is expected to receive final approvals and initiate pre-sales by year end 2021 followed by condominium sales activity to be launched in the second half of 2022. RioCan will act as retail property manager and Fieldgate as construction and development manager for the project.
The project expands on RioCan’s growing presence in this highly-coveted area. It is ideally located, situated in the heart of the Kingsway neighbourhood which is recognized as a prime Toronto destination with an abundance of urban amenities. The project contemplates approximately 240 units with about 18,000 square feet of retail at grade. This development, along with RioCan’s strategic assembly of three other nearby properties along this Bloor Street West corridor, provides RioCan a unique opportunity to capitalize on residential intensification within this highly attractive node.
From:
As compared with the original proposal at the beginning of this thread, this is +150 units larger.
And if you thought the Nimbys were up in arms before..................
New 50/50 Partnership with Fieldgate Urban for Mixed-use Development along Bloor Street West in Toronto
RioCan has formed a 50/50 partnership with new partner, Fieldgate, to build a mixed-use condominium project along Bloor Street West, directly across from the TTC’s Royal York subway station, in Toronto’s affluent Kingsway neighbourhood. The transaction involves the sale of a 50% interest in RioCan’s 2939 – 2943 Bloor Street West property to Fieldgate and the acquisition of a 50% interest in Fieldgate’s 2915 – 2917 Bloor Street West property, resulting in both partners having a 50% interest in the combined site. The transaction is valued at $180 per square foot buildable density. The net transaction price was approximately $8.0 million paid by RioCan to Fieldgate, including reimbursement of its share of development costs incurred to date. The combination of the two adjacent sites will allow for a development project of increased scale with greater density allowance and development efficiencies. The project is expected to receive final approvals and initiate pre-sales by year end 2021 followed by condominium sales activity to be launched in the second half of 2022. RioCan will act as retail property manager and Fieldgate as construction and development manager for the project.
The project expands on RioCan’s growing presence in this highly-coveted area. It is ideally located, situated in the heart of the Kingsway neighbourhood which is recognized as a prime Toronto destination with an abundance of urban amenities. The project contemplates approximately 240 units with about 18,000 square feet of retail at grade. This development, along with RioCan’s strategic assembly of three other nearby properties along this Bloor Street West corridor, provides RioCan a unique opportunity to capitalize on residential intensification within this highly attractive node.
From:
As compared with the original proposal at the beginning of this thread, this is +150 units larger.
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innsertnamehere
Superstar
Likely going for broke with a tower here. Lots of developers are clearly encouraged by new provincial growth policies.
Towered
Senior Member
I'd be shocked to see a tower proposed in this neighbourhood. The NIMBY contingent here is very strong and would have a conniption.
junctionist
Senior Member
If I recall correctly, there was a lot of pushback against the midrise buildings that have been built in the area on Bloor Street west of Prince Edward Drive to date. What do they have to show for it? A bland and unremarkable streetscape of disposable two storey commercial buildings with little in the way of street vitality outside of 9-5 business hours.
The public realm is noticeably deteriorating too, with little in the way of development money to fund improvements. It's a shame because Bloor Street is unusually wide here yet still pedestrian friendly and with subway access, so it's a great location for mid-rise development. Also, the Kingsway is such a beautiful old neighbourhood that it deserves a more distinguished main street district than what exists on Bloor Street at the moment.
Northern Light
Superstar
It is but they clearly state they are going for 240 units vs 90 in the old proposal.
When you look at the increase in site area its only 21%
But the unit increase is 166%
There may be some gains in 'efficiency' across the larger site, they might shrink a couple of unit sizes.
But it‘s difficult to imagine they aren't going to come back with a 100% + height increase.
And that would be for a monolith covering the entire site.
The alternative being that the height need not be across the whole foot print; but greater total height.
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Towered
Senior Member
Very interesting. Well, if the developer is bold enough to propose something at twice the original height (so around 16 floors) I hope they're prepared to be raked over the coals by outraged locals and the city councillor who will no doubt pander to them, because that's exactly what will happen. Moneyed, waspy areas in central Etobicoke are notoriously volatile to even slight changes - see the recent pushback against a city proposal to install a sidewalk on one of the side streets in this very area. And remember the Battle of Humbertown?
DavidCapizzano
Senior Member
Noticed on streetview that the lot across the street at 2888 Bloor is seeing some action, but there doesn't seem to be a database file about what's happening here. Any ideas?
Northern Light
Superstar
This was asked about in a thread for Bloor and Prince Edward, earlier this year.
No indication of resolution on file, no valid permits that I could see.
Whatever form it does take, the local NIMBYs will have a far more difficult time fighting it now owing to its proximity to Royal York station and the new development rules.
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