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Tag Archives: former railway lands

Dancing out, daycares in

In the heart of club land, one councillor pushes for a family-friendly city

Natalie Alcoba, National Post

Out of the concrete ashes of a cathedral-like fixture on the party-people circuit, a condo tower is slated to rise in Toronto’s once infamous Entertainment District.

The Joker, with vaulted ceilings, had its last laugh several years ago on Richmond Street. It’s being replaced by a 36-storey residential/retail tower.

Across the road, a trifecta of clubs are living on borrowed time — there’s a proposal to transform the southeast corner at Peter Street into a residential tower with a public plaza out front.

The list goes on in a neighbourhood that is a bona fide club graveyard these days.

At its height in the mid-2000s, the area extending north of Richmond, to the lake, from Simcoe to Spadina, was said to boast more than 80 nightclubs — the thickest concentration in North America — many of them of the “big box” fare that crammed hundreds of revellers into warehouses. Now, police, business and political officials peg it closer to 30 or 40. It’s been a gradual taming of club land, pushed in part by local councillor Adam Vaughan and his vision for a more “complex” neighbourhood that people walk in, not just through.

A former broadcast journalist, Mr. Vaughan campaigned in 2006 to create a more family-friendly downtown, warning that such complexes as CityPlace, almost exclusively the domain of singles, risked succumbing to the kind of decay and disrepair seen in St. James Town, near Bloor Street north of Cabbagetown.

His first term has revolved around development that pairs commercial with residential, and allows people with different sized families, and different socio-economic levels, to live in the same building or on the same block. This week he unveiled Canoe Landing Park, a focal point in the revitalization of the former railway lands near the Rogers Centre. There is also a proposal to build two new elementary schools, and affordable housing for families nestled around condo developments, all designed to diversify the demographics and allow young professionals to stay in the core.

The changes to the Entertainment District also mean couples staying to raise their children, or moving in. It means more parks, more small businesses, cultural spaces and hybrid developments that shorten the commute to an elevator ride between home and office. Smaller lounges are sprouting up. The Ontario College of Art and Design already owns three buildings in the area (home to former clubs); the new Toronto International Film Festival Bell Lightbox is under construction. It also involves slowing down the traffic a little: Mr. Vaughan wants to test out turning Richmond and Adelaide streets, now four-lane thoroughfares that go in one direction, into two-way streets. He calls it a “high-tech” version of Kensington Market.

The plans are dramatic, and if realized would completely transform the area. They also have their skeptics. How many young families can afford the $600,000 condos in the core? And with an estimated 10,000 more people moving into the area in the next 10 years (double what currently exists) will the Entertainment District lose its buzz?

“It’s going to be entertainment for everybody instead of just 20-year-olds who come down to listen to house music,” said Mr. Vaughan, who raises his children downtown, and has prodded condo developers to build 10% of units large enough for families.

The latest complex, approved this week at Richmond and Duncan streets, has 94 units large enough to raise children. A daycare opened up across the street five weeks ago.

“I think fundamentally we’re seeing the social and cultural shift in the downtown core,” said Mazyar Mortazavi, who owns TAS DesignBuild, which is building on the former Joker site. “You need the diversity to activate the neighbourhood,” he said, “and once you begin to have the attraction of that diversity, that’s when you begin to see the change.” —

Oliver Geddes remembers the club district’s heyday. It was the late 1990s and his family was running Easy & the Fifth night club, Money, and This is London. But then things started to get out of hand, with new clubs opening up every other week and inexperienced owners eager to cash in.

“When they didn’t knock it out of the park, they lowered the bar, and they start working with some of the less savoury promoters and people in the industry who brought the crappier patrons. And that’s when the violence started,” Mr. Geddes said. That was around 2005, he says. The subsequent years saw numerous shootings, and murder.

Police flooded the area with extra enforcement on bicycles, on horses and on foot. Security cameras turned on. In recent years, crime has been on the decline, said Staff Sergeant Kevin Suddes, with 52 Division’s Community Response Unit. The drop in shootings is obvious, but there are also fewer assault calls and slightly fewer arrests, he said.

Violence, especially drunken, messy fights, is still an issue, and every weekend members of Toronto’s Anti-Violence Intervention Strategy squad roll in to help keep the peace.

Enter players such as the Ontario College of Art and Design, with students who relish taking over raw space and transforming it. OCAD will gain exhibition space near its burgeoning satellite campus when Aspen Ridge Homes builds 742 residential units in two towers at Duncan and Richmond streets. OCAD needs the room, said Peter Caldwell, vice-president of finance and administration.

Painting and drawing students have already been toiling away on big projects in buildings at Duncan and Richmond. Sometimes, worlds collide. An idea to “animate” the streets by showcasing students at work through big picture windows loses its sheen every time clubbers stumble out of bars and bang on the glass. “The students get unnerved by this, they end up wanting to cover the windows,” Mr. Caldwell said.

Janice Solomon, executive director of the Entertainment District Business Improvement Area, believes that when TIFF’s Bell Lightbox opens up, and the towers are complete, the population will surge and demand will spur commercial growth. Already, Ms. Solomon sees more people walking dogs, more small children and babies. The nightlife will always remain, she said, but it will be a range of venues.

Donald Rodbard, co-founder of the King-Spadina Residents Association, says he hasn’t really noticed a big difference in the area yet — most of the condo projects are under construction — but there are at least two daycares. Joseph Ko opened up Kinder College on Richmond Street five weeks ago, and about half of his clients live in the condos nearby.

“We’ve really seen a huge change in the downtown area,” said Sarah Baker, a Kinder College parent, who lives on Queen’s Quay with her husband and 13-month-old son. “We both walk to work, which is absolutely one of the reasons we decided to stay downtown.”

While Mr. Rodbard, who has fought against the concentration of big clubs, welcomes the shifting demographics, he is also wary of the pendulum swinging too far in the other direction.

“This particular part of the downtown is going to be heavily residential. Our fear is we may be going from one extreme to another, from party and night clubs, those are in the decline, and now we may not have an Entertainment District.”

Joe Ferraro, another Kinder College parent who lives in Stouffville, is skeptical that downtown living will ever take off for families. “Number one is the affordability issue,” he said. “The only families I know are the ones that have been there for a long time. They’re established.”

Just south of King and John, Adam Vaughan is building skyscrapers in the sky. He knows this neighbourhood like the back of his hand; as if holding imaginary blocks, he stacks the future developments north and south of us. At the corner, a crane is moving material for a new high-rise. In a “master plan” drafted by the Entertainment District BIA, John Street will become the “spine” of the area, or a “cultural corridor.”

A tower going up directly in front of us, on Mercer Street, “will deal with the alley, and frame it a little bit differently so it isn’t so disgusting,” Mr. Vaughan said. The development “opens up” Mercer, where there’s a strip of historic buildings, and closer to Adelaide there are plans for a “theatre museum,” he said.

The local planners would like to pioneer a new format in which a lawyer, for example, could set up a practice in a small commercial floor in the podium, while living in a penthouse above.

“We think that with all the development that is coming into this area, you’re going to have a need for dentists and doctors and real estate agents,” Mr. Vaughan said.

“If you have that range of ages, a variety of stores, success builds on success. It’s very easy to say that government shouldn’t mess with the market and you should just continue to build what sold yesterday, today. But the reality is that we have to build a city for tomorrow and that means thinking about planning for the next decade.”

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Contact the Jeffrey Team for more information  -  416-388-1960

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  • A sturdy Toronto condo market proves conventional wisdom wrong

    By Derek Raymaker – Globe and Mail

    Every year for the past five years, the same question has cropped up about the forecast for the Greater Toronto Area’s high-rise condominium market: Is this the year sales will finally decline?

    It’s hard to believe, but there was a time when the experts thought the GTA couldn’t possibly sustain 250 to 300 new condo launches a year. Conventional wisdom was that the only thing pushing condominium sales ever higher in the early 2000s were historically low interest rates and a pent-up demand among first-time buyers.

    If either of these two components changed, so the experts thought, developers who were late to the game would be in for a rude awakening.

    If Toronto’s condominium market trends prove anything, it’s that conventional wisdom does not apply. In 2005, the city recorded 17,693 new condo sales, crushing the 2004 mark of 13,750 sales, according to data collected by RealNet Canada.

    A year ago, as the winds of January blew bitter and frosty, no one thought that 2006′s sales could possibly come close to the record-breaking condo sales of 2005 – not even the notoriously optimistic developers who were putting up the suites.

    But demand continued strong, fuelled by affordable pricing, strong launches of attractive mixed-use projects in suburban “city centres” such as Markham and Mississauga, growing interest from empty-nesters, and skyrocketing low-rise prices that essentially pushed many young couples and families out of that market. The final numbers aren’t in yet, but sales from January to November of last year were 16,948, so the final total will easily top 17,000 for the year.

    Condo watchers are understandably reticent to predict sales trends this year, but they are universally bullish on what areas will see a lot of activity from both developers and buyers, and most of them are not in downtown Toronto.

    Sheppard Avenue East will see an eruption of high-rise units this year, according to veteran marketing consultant Barry Lyon. “The Sheppard corridor will boom this year, and we’ll finally be making sense out of the investment in that subway line,” he said, referring to the controversial subway spur off the Yonge Street line completed five years ago.

    Mr. Lyon said major multiphase developments are in the works for nearly every subway station between Yonge Street and Victoria Park Avenue. But there will be a huge one at the corner of Leslie Street and Sheppard, on the current site of the Canadian Tire distribution centre.

    Vancouver developer Concord Adex Investments purchased the nearly 40-acre site for about $150-million last fall and plans to build a 20-tower community with more than 4,000 suites. Residents will have easy access to the subway, TTC buses, GO Train and Highway 401.

    Concord Adex is no stranger to condo development on a massive scale. It’s putting the finishing touches on CityPlace at the foot of Spadina Avenue on the former railway lands.

    Following the successful launch of Markham City Centre’s condominium component — four buildings that sold out in very short order last year — there are plans to redevelop Vaughan’s city centre at Jane Street and Highway 7. Current proposals call for about 2,000 suites to be built in a mixed-use complex of four or five buildings. The development will be nicely situated at the end of a planned subway line extension to York University.

    “I think developers are trying to include more mixed-use components in the 905 region as an added bonus to make it more of a community,” said Pat Baker, who handles sales for Markham City Centre and several other new projects around Toronto.

    Most market watchers agree that Vaughan has lagged behind in condo projects, and needs to do some catching up.

    The long-awaited redevelopment of the West Donlands will move a step closer to reality this year.

    Toronto Waterfront Revitalization Corp. is expected to issue a call for proposals, with the first development to be built near King East and River Streets. The funky and popular Distillery District nearby has already made it a much-anticipated project.

    Another high-profile redevelopment, the once poverty- and violence-plagued Regent Park on Dundas Street East, also kicks into high gear this year.

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    Contact the Jeffrey Team for more information

    The Toronto Condo Stereotype Shatters

    It’s no longer just downtown first-timers who buy; high rises move to the suburbs

    By Derek Raymaker – The Globe and Mail

    It shouldn’t come as any surprise that just over 6,600 condo suites were launched into the market in the first six months of 2006.

    But it may surprise some that about half of those new high-rise condos are up for sale in the 905 suburban ring around Toronto and the former borough of North York.

    And it might surprise others that even though new condos are coming on the market faster than at any time since the late 1980s, buyers remain in abundance, and they’re less likely to be young, single, entry-level purchasers.

    While 2005 saw the industry beginning to steer away from creating ever smaller boxes, 2006 witnessed strong demand and greater supply of upscale and super-luxury condominium projects, such as the newly launched One Bedford project on Bloor Street where the Annex meets Yorkville.

    The 34-storey high-rise launched in May by Lanterra Developments and MCE Developments has a number of one-bedrooms starting at $316,000. But about half of its suites will cost $700,000 and up, topping out at $1.2-million for a two-bedroom-plus-den-and-family-room condo with more than 2,000 square feet.

    The steady flow of luxury condos onto the market is a departure from a long-standing reluctance by builders and developers to take risks with expensive suites and luxurious amenities. The thinking used be that if buyers had a million dollars to spend, why would they buy a condo when they could buy a house?

    “About 100,000 condos have been built over the past 10 years, but less than 5% could be considered luxury units,” said Jeanhy Shim, the editor and president of Urbanation, a publication that tracks the marketing efforts and sales of high-density housing.

    The recent wave of condo launches featuring splashy units with price tags over $500,000 is partly related to catching up with the demands of an underserved niche market. But it has even more to do with large numbers of well-off empty nesters liquidating their valuable detached homes for some maintenance-free lifestyle options.

    The luxury condo building spree is a “reflection of demographic pressures,” Ms. Shim said. “Before, the timing just wasn’t right.”

    The granddaddies of downtown Toronto’s superluxury class of suites are Cadillac-Fairview Corp. and Graywood Developments’ Residence at The Ritz-Carlton and Trump International’s Toronto Tower, both launched last year. The Toronto Trump Tower, which clocks in at $1,059 a square foot (more than three times the Greater Toronto average) has sold 44 of its 109 suites, while the Ritz-Carlton has sold 43 of its 137 suites, at $811 a square foot, including a $12-million, 11,000-square-foot penthouse.

    “There’s no longer just one type of buyer,” Ms. Shim added. “The market is always expanding to include more ages, more ethnic groups, more geographic locations.”

    More than prices and sales, the key piece of data that developers and brokers keep their eye on is remaining inventory, which tracks the number of unsold new registered condo suites. (Though since many condos are put on the market long before they’re built, the number doesn’t usually translate into empty units.) Throughout Greater Toronto, the remaining inventory stood at 13,360 in May, according to RealNet Canada, up 10% from the 12,114 units remaining unsold the same month in 2005.

    This accounts for 22% of all new condo suites released within the past year, which is a pretty safe zone for remaining inventory. That’s down from 24% of total new units two years ago.

    More good news for buyers is that even with the influx of about 1,500 new condos with $1-million-plus price tags, the average price has gone up only 12% since May, 2005, to $344 a square foot from $307. This indicates the core of the new condo market is still guided by affordability.

    The most active area in Toronto for new condo sales is downtown west of University Avenue, with year-to-date sales of 1,544 in 42 locations, focused on the former railway lands west of the Rogers Centre and the redevelopment of Liberty Village south of King Street.

    The area also reported the most dramatic rise in average price, up 23% to $408 a square foot two months ago, from $330 in May, 2005.

    The most expensive condo pocket radiates from Yonge Street and St. Clair Avenue, which includes Forest Hill and Rosedale, with an average price of $623 a square foot. The average price is skewed somewhat by the relatively small number of new suites for sale, a total of 412.

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