(10-27-2023, 07:29 PM)ac3r Wrote:(10-27-2023, 04:57 PM)Lebronj23 Wrote: Seems like a waste of space lol they could probably get 40+ floors here
If it's only 4ish floors then yeah it actually really perplexes me our council and by extension every midwit out there that can vote supports the approval of projects like this in the first place.
This was submitted for SPA in December of 2019 but didn't get approval until late in 2020, in 2019 when this was proposed the explosion in developments in DTK really hadn't happened yet. In December of 2019 Charlie West was at 7 floors, Duke Tower was on the first floor, Garment St was below ground, 100 Vic T2 was just starting the first floor, Drewlo didn't have a single tower crane up yet, Station Park was demolishing the old office building at King/Wellington, Breithaupt Block Phase 3 was starting shoring work. TEK tower, Q Condos, 26 Charles St W, 10 Duke St W, 88 Queen St S, 417 King St W, 50 Borden, Lower Kitchener, Vic and Park, 200 Victoria, 459 Mill, and more hadn't been publicly proposed at that point. So yes it might make sense now to build a 40+ floor building on that property but 4 years ago was a very different time. Now council and staff are okay approving 40+ floor buildings, hell councillor Davey is constantly asking for more height and density for developments (332 Charles, The Metz, 83 Weber and most likely every one at the upcoming meeting) even though councillors like Clancy, and Chapman and sometimes even mayor Vrbanovic dislike the idea.
(10-27-2023, 07:42 PM)taylortbb Wrote: The question I have is, is why is that all the builder wants to do? Surely they must know they're sitting on a gold mine if they got re-zoned for 40 floors.
It could be a situation where a small developer bought it but doesn't have the finances to go through the ZBA/OPA process and seeing that all the engineering reports had already been completed including site plan all they had to do was find financing to build it which is certainly feasible for a smaller developer.