Comment 110795

By kevlahan (registered) | Posted April 01, 2015 at 09:11:22 in reply to Comment 110791

This, as with the Connolly project, is one of the most worrying aspects.

There is a very good chance that the project will never get built, but rather the land will be flipped after several years at a big profit to another developer along with the increased height zoning (from 6 to 22 stories). Clearly the huge increase in height has greatly increased the value of the land.

I hope that the increased height zoning is only for this current site plan, not any future project, and that the zoning would revert to 6 stories if the land is sold. It would be helpful if someone from the City could confirm this.

And, as with the Connolly, if the current project does not go ahead it would be argued that it was the "heritage preservation" part that made the project uneconomical and so the new owners could very well end up getting the 22 stories without having to preserve what remains of the Tivoli (which was the original argument for increased height in the first place).

And, as others have pointed out, even in the current 22 stories + Tivoli arrangement there are much better ways to mass the development (i.e. with an actual set back!) to better integrate with the street.

Comment edited by kevlahan on 2015-04-01 09:12:25

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