Kings on 4th | ?m | 45s | LaCaille Group | IBI/HB

JonnyCanuck

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The property is still owned by LaCaille Group. They have no immediate plans to develop it given the challenging economic conditions and the cost of building concrete high rises. The recent DP was simply to keep their 'oar in the water' with the city.
 
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haltcatchfire

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The property is still owned by LaCaille Group. They have no immediate plans to develop it given the challenging economic conditions and the cost of building concrete high rises. The recent DP was simply to keep their 'oar in the water' with the city.
What are the reasons for having to keep an oar in the water with the city? It’s their land. They can sit on it DP or no DP. Seems like work and cost just to let something expire.
 

darwink

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What are the reasons for having to keep an oar in the water with the city? It’s their land. They can sit on it DP or no DP. Seems like work and cost just to let something expire.
I'd bet it is a stupid reason. There are accounting rules reasons that if it wasn't active or potentially active in a certain time frame, that the property wouldn't count in the same way on their books. Which potentially effects loans, taxes, partnerships, etc.
 

UrbanWarrior

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UrbanWarrior

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At 121 meters it will actually poke out of the skyline from the west and northwest views too
 

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