Ruth Glendinning’s Post

Credit to Jack Landau November 21, 2024 Toronto Intersection to with 67-Storey Condo Tower https://lnkd.in/gfqZV2BN Toronto's housing market is experiencing a period of uncertainty, but declining demand has done little to curtail the pipeline of bold new proposals for tall towers in the city. The latest plan pitched to City planners earlier this month seeks to redevelop a 0.19-hectare site at the northwest corner of Yonge and Breadalbane Streets with a 67-storey condominium tower. Developer KingSett Capital has filed plans to replace the existing properties at 530-550 Yonge Street, 6 and 8 Breadalbane Street, and 145 St. Luke Lane. The buildings currently house a group of businesses, including the second location of BOKU Japanese Eats + Drinks, a Mr. Tonkatsu location, and other retail storefronts. All businesses on-site would eventually have to vacate for the proposed redevelopment (which could still be years down the road), but there are plans to preserve the block's existing low-rise heritage character while allowing new density above. The site's location within the recently approved Historic Yonge Street Heritage Conservation District has informed the project's design, with the tower to incorporate existing heritage attributes into its base. The existing east facades of 538-544 Yonge Street (c. 1873) and 546-550 Yonge Street (c. 1889) are planned to be retained in-situ and built into the tower base, while the heritage storefront elements of 538 Yonge Street would be rehabilitated. A total of 52,086 square metres of gross floor area is proposed across the building. The vast majority of this space (51,075 square metres) is proposed as residential condos and supporting space, along with 543 square metres of grade-related retail space and 469 square metres of community cultural space. The proposed Giannone Petricone Associates-designed tower is slated to rise 228.4 metres tall, which would rank as the tenth-tallest building in Toronto if completed today. Though the project is roughly 30 times the height of the buildings that exist on site today, multiple local and provincial planning policies justify the big ask. Project planners cite the location as being within a major transit station area served by four different subway stations within a 750-metre radius. In addition, the site is situated within an area where the City of Toronto's Official Plan promotes high-density development.

🏗 Exciting Redevelopment at Preston Center Pavilion 🌆 Dallas' Preston Center Pavilion is set for a transformative redevelopment, introducing a multifamily tower and office tower with ground-floor retail into the heart of North Dallas. Ramrock Real Estate LLC aims to enrich the area with a mix of residential, office, and retail spaces, enhancing the urban landscape and pedestrian experience. 🛍 230,000 Square Feet of Retail: The current site, known for its vibrant retail offerings, will see an expansion to include high-rise living and office spaces. 🏢 Mixed-Income Housing Initiative: The project seeks approval for increased floor area and height, tied to providing mixed-income housing, with a proposal to make 5% of units affordable for households earning 81% to 100% of the median family income. 🌳 Enhanced Open Spaces: Responding to feedback, Ramrock has increased the open space in its design, promoting a more engaging and pedestrian-friendly environment. 🔄 A Diverse Urban Mix: The introduction of multifamily units to an area predominantly featuring office and retail uses aims to boost the vitality of Preston Center, maintaining ground-floor retail along the core. https://lnkd.in/gFcdQW7q #landinvestment  #landevelopment #dfwrealestate #cre 

Big Plans Near Chinook Centre: 20-Storey Residential Towers Proposed Exciting news for Calgary’s housing scene! A major development is in the works near CF Chinook Centre, promising to add hundreds of new homes to the city. According to a development permit application filed with the City of Calgary, the project envisions two sleek, 20-storey buildings featuring a total of 504 residential units. What We Know So Far While details remain under wraps, here’s what’s been shared: Location: The project is planned for a site on 61st Avenue SW, currently occupied by a large parking lot and a Scotiabank branch. Architectural Vision: Zeidler Architecture, a firm known for innovative designs, is spearheading the project. The development could transform the area, bringing much-needed residential space to a prime spot near one of Calgary’s busiest shopping destinations. Zoning Changes Needed To make this vision a reality, the application seeks a land use amendment to rezone the site under the proposed MU-1 district. This zoning accommodates mixed-use, higher-density developments that align with the city’s growth plans. What’s Next? The project is currently under review by City staff. Once the evaluation is complete, a decision will be made. If approved, this could mark the beginning of an exciting transformation for the neighborhood, offering new housing options close to transit, shopping, and amenities. Stay tuned—this could be a game-changer for Calgarians looking to live in the heart of the action!

What's not to love about regreening parking lots into parks and urban farms? And throw in much needed denser, LEED platinum housing with transit access? Case Study #26 does both on the site of a strip mall and aging "garden apartment" buildings (with more parking than gardens.) While retrofits of suburban apartments too often result in gentrification and displacement, the phasing strategy of The Blairs District allows existing tenants to move into newly renovated or constructed units.

🔑 Transform Commercial Spaces into Residential Units: Your Beginner’s Guide 🏘️ The demand for housing in urban areas is rising rapidly. But did you know there’s a hidden opportunity in vacant or underutilized commercial buildings? Converting commercial properties—like office spaces, warehouses, and retail shops—into residential units is one of the most impactful property development strategies today. 🚀 What is a Commercial-to-Residential Conversion? It’s the process of transforming office buildings, warehouses, or retail spaces into residential units. ✅ Helps meet housing demand ✅ Repurposes vacant buildings into functional spaces 🔍 Why is this significant? City centers are filled with untapped potential, but not all buildings are created equal. Start by identifying: Office spaces → Apartments or co-living spaces Retail units → Studios or flats Industrial buildings → Lofts or urban housing Why Are Commercial-to-Residential Conversions Booming? 📈 Here’s why developers, investors, and homeowners are exploring conversions: Increased Housing Supply: Addresses housing shortages in city hubs. Cost-Effective: Reusing existing structures saves time and money compared to new builds. Sustainability: Reduces demolition waste, making it an eco-friendly solution. Thought Starter 💭: Are we doing enough to unlock the value of vacant commercial buildings in our cities? Top Challenges to Watch Out For 🔍 While the benefits are substantial, so are the challenges: Zoning & Planning Regulations: Does your local council allow residential conversions? Structural Modifications: Older buildings often need upgrades to meet residential standards. Cost Overruns: Budget for surprises. Renovations can be expensive, especially for large-scale projects. Do You Need Planning Permission? 📝 Most conversions require planning permission. However, under Permitted Development Rights, some office-to-residential projects are exempt—if they meet specific conditions. ⚠️ Always check with your local council! A small oversight can lead to costly delays or legal hurdles. Is a Commercial-to-Residential Conversion Right for You? Before you take the plunge, evaluate these key factors: ✅ Market Demand: Is there a need for residential units in your location? ✅ Return on Investment (ROI): What’s the projected value of your property after conversion? ✅ Expertise: Do you have the right team to manage the project? Download our free Guide: https://shorturl.at/3zM2E Visit: https://plandome.co.uk/

Without establishing market demand, retail leasing campaigns are likely to languish on the vine. Chronic vacancy, frequent turnover, loss of consumer confidence. Cultivating market demand is the critical first step to successful retail in urban, mixed-use assets.

New Post: Developers unwrap plans for new apartments, condos in Nubian Square -A trio of developers have filed plans with the BPDA to build two buildings with 111 apartments and 21 condos on Malcolm X Boulevard at Guild Street in Roxbury. The plans by SV + Partners, Trax Development and Caste Capital, call for a six-story apartment building to front Malcolm X and a four-story condo building... A trio of developers have filed plans with the BPDA to build two buildings with 111 apartments and 21 condos on Malcolm X Boulevard at Guild Street in Roxbury. The plans by SV + Partners, Trax Development and Caste Capital, call for a six-story apartment building to front Malcolm X and a four-story condo building with its main entrance around the corner on Dudley Street. The buildings will sit on the same parcel as the former Roxbury Boys Club, now converted into offices, which would remain as is. The two residential buildings would share 33 parking spaces; the developers are looking at allowing the new residents to also use 21 spaces set aside for the office building at night and on weekends. The apartment building will have 1,800 square feet of ground-floor commercial space. The apartment building would have five three-bedroom units, with the rest ranging from studios to two bedrooms. There would be three three-bedroom condos, with the rest split between one- and two-bedroom units. Some 17 of the apartments would be rented to people making no more than 70% of the Boston area median income; five of the condos would be sold to people making no more than 100% of that level. Also: The Project will create significant new publicly accessible open space, including a public plaza adjacent to the ground floor retail community area at the entry of the Site that will feature community art, landscaping, seating adjacent to an existing MBTA bus stop. The plans call for chopping down 18 trees on the site, but also planting 71 new trees. The developers say they hope to begin the first phase of construction in 2025. 10 Malcolm X Blvd. filings and meetings. Source link

New Post: Developers unwrap plans for new apartments, condos in Nubian Square -A trio of developers have filed plans with the BPDA to build two buildings with 111 apartments and 21 condos on Malcolm X Boulevard at Guild Street in Roxbury. The plans by SV + Partners, Trax Development and Caste Capital, call for a six-story apartment building to front Malcolm X and a four-story condo building... A trio of developers have filed plans with the BPDA to build two buildings with 111 apartments and 21 condos on Malcolm X Boulevard at Guild Street in Roxbury. The plans by SV + Partners, Trax Development and Caste Capital, call for a six-story apartment building to front Malcolm X and a four-story condo building with its main entrance around the corner on Dudley Street. The buildings will sit on the same parcel as the former Roxbury Boys Club, now converted into offices, which would remain as is. The two residential buildings would share 33 parking spaces; the developers are looking at allowing the new residents to also use 21 spaces set aside for the office building at night and on weekends. The apartment building will have 1,800 square feet of ground-floor commercial space. The apartment building would have five three-bedroom units, with the rest ranging from studios to two bedrooms. There would be three three-bedroom condos, with the rest split between one- and two-bedroom units. Some 17 of the apartments would be rented to people making no more than 70% of the Boston area median income; five of the condos would be sold to people making no more than 100% of that level. Also: The Project will create significant new publicly accessible open space, including a public plaza adjacent to the ground floor retail community area at the entry of the Site that will feature community art, landscaping, seating adjacent to an existing MBTA bus stop. The plans call for chopping down 18 trees on the site, but also planting 71 new trees. The developers say they hope to begin the first phase of construction in 2025. 10 Malcolm X Blvd. filings and meetings. Source link

Adaptive Chicago Many urban cores are being hollowed as the persistence of #WFH cuts into long-term office leases. Many of the buildings are iconic and represent the finest architecture of their era, especially in Chicago. That's why we're excited to see such an emphasis placed on office conversion. The price tags are not cheap, but given the cost of even permitting housing in cities, this is probably worth it for many of the developers. https://loom.ly/YcRsQnM #adaptivereuse #chicago #housing #architecture Skidmore, Owings & Merrill (SOM)