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  #4941  
Old Posted Jun 14, 2024, 3:40 PM
Northern Light Northern Light is offline
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Quote:
Originally Posted by WhipperSnapper View Post
Commercial is taxed higher. Commercial is valued higher. No, I have no interest in looking for supportive documentation because I really don't care what you believe.
Here's the link on tax rates that you didn't want to look up:

https://www.toronto.ca/services-paym...ates-and-fees/

The difference between Commercial and Multi-Residential is roughly 2:1

However, the commercial here which retained the existing building was only 25 storeys at peak.

The residential proposal at 90/95 storeys is vastly taller. Its likely (we don't have the plans) that the floor plates for the residential would be smaller, but they would almost certainly cover significantly more total ft2. (across the new height).

Given the difference is assessed values on commercial vs multi-res on sale right now (per ft2); I find it extremely improbable there would be a net property tax loss.

The City would certainly prefer commercial, but its moving to accept conversion of many towers/sites to residential. Its not as if the City doesn't have another 15M ft2 of office that can be added to the pipeline if demand is there.

I'm not advocating or opposing the proposed change here, simply saying I don't think property tax revenue will be determinative.
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  #4942  
Old Posted Jun 14, 2024, 4:00 PM
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Disagree that these two supertalls would add significantly more square footage than the proposed office/hotel that I referenced saying "approved commercial development" instead of "Star Building"

Granted the office market could take decades to recover to pre Covid levels. The luxury 95 storey residential supertall market is in shambles right now too and only getting worst. There's no certainty that the residential and the potential tax revenues can be delivered decades ahead of the existing commercial development plan. We'll see if any condo towers in Sugar Wharf phase 2 break ground this year. The podium with the school and below market rentals could happen with the right incentives.
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  #4943  
Old Posted Jun 14, 2024, 5:31 PM
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SkyTower on the right and Prestige (Phase 1) is on the left.


mburrrrr
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  #4944  
Old Posted Jun 14, 2024, 8:15 PM
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CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre l Phase 2 u/c

Great set from @jackattack.


jackattack

jackattack

jackattack

jackattack

The east cantilevered podium.


jackattack

Phase 1


jackattack


Cielo Condos | 120.35m | 34s | Collecdev-Markee | KPMB l excavated/heritage retention

Might be close to getting its crane soon. One of my personal fav designs (includes a new sanctuary hall).


flonicky

UT

flonicky

UT

flonicky


88 Bathurst | 68.3m | 17s | Hines | 3XN l u/c

Super saturated view (the vertical metal balcony guards almost disappear).


peter.d

rdaner

rdaner


The Whitfield | 130m | 39s | Menkes | Giannone Petricone l u/c

The first tower floor beginning above the podium.


mburrrrr

UT

evandyk


Forest Hill Private Residences | 36.77m | 9s | Altree | Graziani + Corazza l u/c


AlbertC

UT

AlbertC

UT


Pacific Residences | 28.3m | 8s | Old Stonehenge | Core Architects l u/c


AlbertC

UT

AlbertC
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  #4945  
Old Posted Jun 15, 2024, 12:35 AM
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The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners l u/c


Johnny Au

jer1961

jer1961

jer1961

jer1961

BloorMan

BloorMan

jer1961


Forma | 308m | 84s | Great Gulf | Gehry Partners l u/c

The 263 metre Phase 1 tower.


Red Mars

UT


Pinnacle One Yonge | 345.5m | 105s | Pinnacle | Hariri Pontarini l u/c


jackattack

jackattack

jackattack

CIBC Square Phase 1 diamonds lookin’ gorgeous today.


jackattack


Concord Sky | 300.3m | 85s | Concord Adex | Kohn Pedersen Fox l u/c

Appropriate name for a super-tall on a day like today... though when built you won't see much actual Sky from this angle.


Benito


252 Church | 166.1m | 52s | CentreCourt | Arcadis l u/c

From the soon to be renamed Dundas Square*.


A Torontonian Now

*The new name will be Sankofa Square, a word from Ghana which means "the act of reflecting on and reclaiming teachings from the past which enables us to move forward together."


The Well


jackattack

rdaner
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Last edited by Maldive; Jun 15, 2024 at 1:13 AM.
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  #4946  
Old Posted Jun 15, 2024, 1:05 AM
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CIBC Square:

[IMG][/IMG]
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  #4947  
Old Posted Jun 15, 2024, 1:28 AM
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KING Toronto | 57.6m | 16s | Westbank | Bjarke Ingels Group l u/c


jackattack
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  #4948  
Old Posted Jun 15, 2024, 4:40 PM
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The Bloor-Yorkville nabe reaching for the sky: The One and 11YV u/c on the right (8 Wellesley u/c left of centre).


skycandy

skycandy

skycandy

skycandy
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  #4949  
Old Posted Yesterday, 11:07 PM
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Lower Don Lands Redevelopment | Waterfront Toronto l u/c

Wonderful drone tour by @hawc of the new river valley, wetlands and bridges… near the end of the video starting at the 4:15 mark, the drone tracks along the huge children’s playground that is u/c (for nearly a full minute ;-).


Video Link
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  #4950  
Old Posted Today, 7:03 AM
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The One:

Video Link


[IMG][/IMG]
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  #4951  
Old Posted Today, 2:28 PM
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Cherry House at Canary Landing | 50.32m | 13s | Dream | COBE Architects l u/c


skycandy

skycandy

skycandy

855 units of Affordable Rental and Market-Rate Rental, Retail and Institutional.


UT

Riseth

David Cappizano

MJP

skycandy


199 Church | 124.5m | 39s | CentreCourt | Arcadis l u/c


bcmc

bcmc

The back door on Dalhousie Street.


bcmc

The tower from last year.


Benito


Alias | 159.5m | 48s | Madison Group | Teeple Architects l u/c


GTAConstruction

UT

GTAConstruction

UT

Rascacielo


St Lawrence Market North | 25.3m | 5s | City of Toronto | Rogers Stirk Harbour l u/c


Bibi L

ML555

mburrrrr

rdaner


Toronto House | 186.53m | 58s | Westbank | Hariri Pontarini l nearly complete

Some epic shot from @skycandy. Westbank has yet to clad the mechanical penthouse to complete the tower (which supposedly will happen).


skycandy

skycandy

skycandy


55 Mercer | 155.5m | 47s | CentreCourt | Arcadis l complete

All but the upper floors are occupied.


jackattack

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