Connect with us

Real Estate

The United BLDG: 55-Storey Plan for 481 University at Dundas

Editor

Published

on

[ad_1]

After receiving zoning bylaw approval from Toronto City Council in 2014, a plan to redevelop the Maclean-Hunter Publishing Company complex at the northeast corner of University and Dundas went quiet. Now four years later, Davpart‘s plan for a tower rising to 55-storeys 481 University Avenue has resurfaced with an application seeking Site Plan Approval as the company prepares to market condominium suites in the development under the name ‘The United BLDG‘.

481 University, B+H Architects, TorontoPrevious and current iterations of the design, images via submission to City of Toronto

The updated plan includes tweaks to the massing and a completely new look for the B+H Architects-designed project. Below the new tower, the four existing buildings on the block wall be partially retained to act as the podium, restoring heritage aspects, updating some areas, and demolishing the remainder to make way for reworked servicing and supports for the new tower. Changes sought from the 2014 zoning bylaw include a reduction in the number of parking spaces from 378 spaces to 202.

481 University, B+H Architects, TorontoLooking southeast to 481 University, image via submission to City of Toronto

The newly revised plan consists of a 9-storey base building containing 20,833  of office space and 3,643  of street-fronting retail—including a retail arcade along the Dundas Street West frontage, a 6-storey upper podium element housing a mix of residential units and amenity spaces, and a 40-storey tower that contains the bulk of the building’s residential units. The Dundas arcade would be created by removing the most southerly bay of floor space on the ground and second levels, and widening the sidewalk into the area behind the the remaining piers.

481 University, B+H Architects, TorontoGalleria at 481 University, image via submission to City of Toronto

The 2014 proposal of 748 residential units has been increased to 763 in the new plan. Overall average unit is 54 . The suites are proposed in a mix of 96 studios with average area of 28.8 , 344 one-bedrooms with average areas of 48.3 , 251 two-bedrooms with average areas of 61.9 , and 72 three-bedrooms with average areas of 90 .

481 University, B+H Architects, TorontoPodium, 481 University, image via submission to City of Toronto

The new plan for the exterior incorporates proportion and materiality reminiscent of the International Style of modernist buildings from the mid 1900s. The upper podium and tower volumes feature a mix of window wall and curtainwall cladding systems, with a grid of bronze coloured metal framing that accents the expanses of glazing. Balcony guard rails will feature steel pickets with a bronze finish to match the tower accents, while an illuminated lantern atop the tower will complete the of warm hued theming.

481 University, B+H Architects, TorontoLooking northeast to 481 University, image via submission to City of Toronto

An application to the Committee of Adjustment for a Minor Variance is being made to gain approval for the various changes from the 2014-approved site-specific zoning bylaw. Alongside that, the first submission for Site Plan Approval has been made.

Additional information and images can be found in our database file for the project, linked below. Want to get involved in the discussion? Check out the associated Forum thread, or leave a comment in the field provided at the bottom of this page.

* * *

UrbanToronto has a new way you can track projects through the planning process on a daily basis. Sign up for a free trial of our New Development Insider here.


[ad_2]

Source link

قالب وردپرس

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Real Estate

7 Tips For First-Time Home Buyers In Calgary

Editor

Published

on

By

Buying a house for the first time can be overwhelming to say the least. If you’re wondering what neighbourhood to go with, what you can afford, or even how to just get started on the process, let us take some stress off your hands! We’ve teamed up with Hopewell Residential to give you 7 tips to ensure the home you end up with is everything you dreamed of.

Hopewell Residential is a five-time Developer of the Year award winner, so their expertise is second-to-none in Calgary and beyond. Who better to learn home-buying tips from than the homebuilders themselves?

Create a checklist of needs & wants

This is a biggie. When you’re buying your very first home, you’ll want to weigh your needs vs. your wants. Ensuring you have what you love in your first home is a big, big deal.

What should you do? Easy. Set up a list of needs and a list of wants, but be pretty strict with yourself, and make sure you take your lifestyle into consideration. With the increase in remote work over the past year, it’s important to keep in mind that a home office or flex room might just be the key to maximizing at home happiness. Especially if you’re thinking you might be expanding your family later on, spare rooms and extra space is key (but more on that later!).

Or for instance, you might need a home in an area with a high walkability score, but you want to be close to certain amenities. Set yourself up with the right level of compromise and the number of homes that actually fit your ‘perfect’ idea will skyrocket.

Continue Reading

Real Estate

‘Don’t give up’: Ottawa Valley realtors share statistics, tips for homebuyers in ‘extreme’ sellers market

Editor

Published

on

By

The real estate market in the Ottawa Valley can be summed up this way: people from far and wide are in a buying frenzy, but there’s hardly anything to buy at the “store,” and the limited inventory is overpriced.

This “stampede” — as one realtor described it — will affect rural towns as residents grapple with finding affordable housing and agonize over their inability to purchase homes in their price range.

“We are seeing a lack of inventory in all price ranges,” said Laura Keller, a real estate agent from Carleton Place.

Helen Vincent, a Renfrew realtor, said she’s never seen a market like this in her 36 years of practice. “We postpone offers for four to five days in order to get all the buyers,” she said.

Multiple offers — between seven and 10 — became the norm, with cash offers and no conditions, as buyers faced bidding wars. “In Ottawa, they have up to 50 (offers),” she added.

“It’s very stressful. You’re going to get nine (people) ticked off, and one happy. So many people are disappointed,” Vincent said.

Terry Stavenow, an Arnprior realtor for 40 years, said that “the pent-up need took over with inventory going low. It made a stampede on everything that was available.“

“Brand new housing — it’s very much gone. Several building developers are rushing to get inventory. They usually don’t do construction in the winter months,” said Stavenow.

Continue Reading

Real Estate

10 Tips For First-Time Home Buyers

Editor

Published

on

By

Buying a home for the first time is exciting and a commitment to the future. It’s often challenging, too, and the process requires a lot of steps, many of which can be tricky to navigate as a first-time home buyer.

What are some things you should keep in mind as a first-time home buyer?

First-Time Home Buyer Tips

Here are 10 tips to keep in mind as you begin your journey toward homeownership.

1. Have Your Finances in Order

It’s wise to begin saving as early as possible once you’ve made the decision to purchase a house. You’ll need to consider the down payment, closing costs (which often range from 2% to 5% of the down payment), as well as move-in expenses.

You also need to understand the other costs of homeownership, such as mortgage insurance. property taxes, utilities, homeowner’s insurance, and more.

2. How Much Can You Afford?

Knowing how much you can realistically afford in a home is another important financial consideration. Look for the home of your dreams that fits your budget.

One way to avoid future financial stress is to set a price range for your home that fits your budget, and then staying within that range. Going through the preapproval process will help you understand what price range is realistic for your budget.

3. Make Sure Your Credit is Good

Another thing to keep in mind as a first-time home buyer is your credit score because it determines whether you qualify for a mortgage and affects the interest rate that lenders offer. 

You can check your credit score from the three credit bureaus – Experian, Equifax, and TransUnion.

This is another good reason for getting preapproved before you start your search. Learn more about the preapproval process and your credit score.

4. Choose The Right Real Estate Agent

A good real estate agent guides you through the process every step of the way. He or she will help you find a home that fits your needs, help you through the financial processes, and help ease any first-time buyer anxiety you may have.

Interview several agents and request references.

5. Research Mortgage Options

A variety of mortgages are available, including conventional mortgages – which are guaranteed by the government – FHA loans, USDA loans, and VA loans (for veterans).

You’ll also have options regarding the mortgage term. A 30-year fixed-rate mortgage is popular among many homebuyers and has an interest rate that doesn’t change over the course of the loan. A 15-year loan usually has a lower interest rate but monthly payments are larger.

6. Talk to Multiple Lenders

It’s worth your time to talk to several lenders and banks before you accept a mortgage offer. The more you shop around, the better deal you’re liable to get – and it may save you thousands of dollars.

7. Get Preapproved First

Getting a mortgage preapproval (in the form of a letter) before you begin hunting for homes is something else to put on your checklist. A lender’s preapproval letter states exactly how much loan money you can get.

Learn more about the preapproval process and how preapproval provides you with a significant competitive advantage in our article How Preapproval Gives You Home Buying Power.

8. Pick the Right House and Neighborhood

Make sure to weigh the pros and cons of the different types of homes based on your budget, lifestyle, etc. Would a condominium or townhome fit your needs better than a house? What type of neighborhood appeals to you?

9. List Your Needs and Must-Haves

The home you purchase should have as many of the features you prefer as possible. List your needs in order of priority; some things may be non-negotiable to you personally.

10. Hire an Inspector

Hiring an inspector is another crucial step in the home buying process. An inspector will tell you about existing or potential problems with the home, and also what’s in good order. You can learn more about home inspections and how to find a home inspector through the American Society of Home Inspectors website.

Buying a home for the first time is a challenge, but it’s one you can handle with the right planning and preparation.

Continue Reading

Chat

Trending