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Hi Everyone, thank you for your comments. I'm the lead for the developer, ICM Property Developments, (Matt Crowley). We increased our setback and stepback for the SE connection against the duplex...I agree that is the most sensitive transition. The good news for that unit is they will have...

Love everything about the design, totally classic. I wish they would have gone higher.... Looks like the next couple properties is in the process of rezoning.

Is this going to be a rental? Seems expensive to build and and not in a great location. I didn't see anything listed on Realtor.ca

Does anyone know what happens at the time of lease renewal if the lease is renewed? Is this a bullet payment for the new owner or an ongoing lease payment? I didn't see a good answer from the University District.

Nah.. its sharp. Multi-material buildings look so 2000-10s dated.

It's a great site but contaminated and frozen. Love to see that piece filled in.

@Surrealplaces agreed. I think the new arena deal changes the calculus too, for what its worth.

Any activity on this site? Has the DP lapsed? There do not seem to be any open applications on the site per pdmap. Thanks

There is no compensation paid to the community for this density either. Developer will earn $30k + / per additional residential unit allowed & approximately $50 per additional buildable SF (probably more on Atlantic). So on a 21,083 SF site here, if you increase FAR from 3.0 (proposed Historic...

A few thoughts: - concurrent DP provides a much stronger case, all the LUB does is approve the density and provide a large land lift - far too high for Inglewood and for 9th ave (23m / 6 storeys max is much more appropriate) - up-zoning = inflating land prices and curtailing smaller-scale...

Presales are ongoing at the Theodore. It is a center-ice location, so a great test if condos can make a go in Kensington in general right now. I doubt anything is happening right now at the Midtown site. The price of the land is astronomical. Can't say more. I don't believe the current owner...

Size of the parcels makes sense to me. Plus is attracting a good group of developers. I think this will become a great community over time. Good mix of product too. It is too bad the storm pond is kitty corner to Market Mall, that always seems like a waste to me to put on a traffic corner...

In theory zagox, I hear you. But the way this usually works from an economics point of view is that a developer comes in with a sliver of equity, upzones and that becomes the developer's piece of equity. Then, they take on other partners who recognize in some way the increased value which gives...

I'm not a huge fan of these huge buildings within communities. I think the step-back look is ugly and really dates this era. Far prefer more smaller-plated buildings that are shorter and blockier. Squares are very efficient and work great all around the world. Extremely dense cities like Paris...

This would be a fantastic addition. Just wish it wasn't Arlington at the helm. If the franchise isn't chosen, this can be a serious vetting process that can take 12 months +. Boutique brand makes sense, I really like Kimpton as well. However, all the big brands have boutique labels now and...

In this market, either you go rental and maximize your value or your investment restrictions force you to go condo because you will not make as much money. CMHC has 40-year amortization for investment product and consumers can get a max of 25-year debt. Check out the Teranet for pricing strength...

And units rent on a gross $ basis. That is what tenants see...totally depends on unit sizes. The $PSF shakes out based on how accurately the individual units are priced. Retail, office, and industrial are quoted on $PSF.

I've valued literally hundreds of projects.

It is surprising. I think this is actually a fantastic add in the neighbourhood, and looks great. If I were on their investment team, I would be strongly advocating for rental in this location with every bit of firepower I had. If you look at success of projects in Marda Loop for example in...

Is this building going to be rental or condo? Given the location, I am really hoping for rental. Their website doesn't give any hints. The banners make one think it will be a condo. Anyone have the inside scoop?