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SIXO Midtown | 28 + 20? + 12? + ? fl | Proposed
(01-24-2017, 09:59 AM)Viewfromthe42 Wrote: I'm afraid that "urban village" means great things for those who live there, who, if online materials are to be trusted, will be GTA-owned bulk-bought units, but will be closed off and back turned towards the rest of the city.

Why do we care who owns the units in a condo building? And where they happen to live?  Are rentals inherently bad?

My point of view is that I want more people living in downtown core.  We need a mix of buildings that people can buy or rent units in.  If some are bought by people outside the city and rented to people who prefer rental units, that's perfectly fine with me.
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(01-24-2017, 11:51 AM)Viewfromthe42 Wrote: I am talking about benefitting in the outward-facing and usable way. I think it's a benefit to have Communitech, Thalmic, the school of Pharmacy, Netsuite downtown, but were all of downtown to be those kinds of places, it would actually be a terrible office park. Google might indeed be good at bringing new people into the neighbourhood, but a closed-off building like that is not one we want to be replicated en masse in an urban area, it's actually quite horrible when done repeatedly.

The earlier renderings show some (small amount of) park space outside, plus retail space (open to non-tenants) inside.  (Yes, there is the question of the King St wall but let's wait for a new render on that.)

Office space is inherently closed (except to employees).  Residential buildings are inherently closed (except to residents).  Retail and public buildings are the only major types not inherently closed.  Yet I don't think we should be turning away either residential or office space development.  Downtown cannot be all retail, that doesn't work, either.
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(01-23-2017, 02:15 PM)tomh009 Wrote:
(01-23-2017, 01:44 PM)Spokes Wrote: So this is 2.4 hectares which the article references as being one of the largest development plots.  By comparison, does anyone remember how big City Center was?

0.95 ha, so substantially smaller.  2.4 ha really is quite big for a downtown property.  

The Schneider's property is almost 8 ha but then it's not quite downtown.

Do you happen to know the size of the Barrelyards development in Waterloo? Would it be even comparable in area?
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According to a news article The Barrel Yards is 5.1 hectares (12 acres).
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(01-24-2017, 09:45 PM)tomh009 Wrote:
(01-24-2017, 09:59 AM)Viewfromthe42 Wrote: I'm afraid that "urban village" means great things for those who live there, who, if online materials are to be trusted, will be GTA-owned bulk-bought units, but will be closed off and back turned towards the rest of the city.

Why do we care who owns the units in a condo building? And where they happen to live?  Are rentals inherently bad?
 


Ditto. In fact, to the contrary, I think some one willing to invest from hundreds and sometimes thousands of miles in RoW is a great vote of confidence in the city.
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One problem is that the regulations on renting condos is a lot looser, especially when it comes to rent increases. They can do what they like, unless the province has finally closed that loophole.
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(01-24-2017, 10:20 PM)rangersfan Wrote: According to a news article The Barrel Yards is 5.1 hectares (12 acres).

Thank you.
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(01-24-2017, 11:55 PM)DHLawrence Wrote: One problem is that the regulations on renting condos is a lot looser, especially when it comes to rent increases. They can do what they like, unless the province has finally closed that loophole.

No, but it's not limited to condos. Any building that was not occupied before 1992 for residential purposes (so new construction and conversions) is exempt from rent increase limits. I live in a 1999 high rise apartment building and fortunately my landlord always follows the rent increase guideline, but they're under no obligation to. For example, anyone who smokes in their unit gets an above guideline increase the cover the costs associated.
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The exemption for newer buildings is not a loophole, it is an admission that rent control in Ontario was artificially restricting the number of new apartment units being built. Before the exemption, our stock of apartment housing was rapidly aging without being replaced by new, because rent control made the economics of new apartment buildings untenable.

If the concern being expressed is that this development should be heavily mixed-use, then I share that. But it is mixed-use...making sure the retail components interact well with King are important details, but details.
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(01-24-2017, 09:45 PM)tomh009 Wrote: Why do we care who owns the units in a condo building? And where they happen to live?  Are rentals inherently bad?

To an condo owner living in a condo, yes, rentals are bad.  They change hands frequently, and the tenants tend to care far less about the building than those who own and live there - their "home".  We left the Kaufman Lofts after the building slid downhill due to all the rentals - it was something like over 50% at the last AGM.  They were talking about trying to cap it but it was too late.  The noise from parties and overall condition of the building deteriorated rapidly.

...so seeing the "investor" button and option to buy 10+ units kind of makes me barf a little.
For daily ion construction updates, photos and general urban rail news, follow me on twitter! @Canardiain
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So in that scenario it effectively becomes a rental apartment building. We do need those, too. It doesn't make it a bad building, just a different one.

Our condo building has about 25% rentals, and at least at the moment the people renting are not causing any significant problems. And if that changes, the condo rules actually give the board a lot of leverage for dealing with unruly residents.
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We are more in need of purpose-built rentals that don't start at over $1,000 for a one-bedroom or $1,600 for a two-bedroom. And there's not much of that. Trio is right in that neighbourhood as a purpose-built rental apartment.
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I'm frankly amazed that The Barrelyards is as full as it is. That place is $$$. If you're willing to pay $1600/month home ownership is still within reach.
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(01-25-2017, 03:47 PM)tomh009 Wrote: So in that scenario it effectively becomes a rental apartment building.  We do need those, too.  It doesn't make it a bad building, just a different one.

Our condo building has about 25% rentals, and at least at the moment the people renting are not causing any significant problems.  And if that changes, the condo rules actually give the board a lot of leverage for dealing with unruly residents.

I agree, we need rental and condos, but when the rental is happening via sublet to an owner in a condo building who may not have the same priorities as an official apartment building owner, the results are... chaotic and uncontroalble. I'm glad your experience is working out - it absolutely did not at the Kaufman Lofts.

...and $1600/month on a mortgage would get you one hell of a home!
For daily ion construction updates, photos and general urban rail news, follow me on twitter! @Canardiain
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You mean one hellish home?
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