The Junction has had a shortage of homes for decades. Since 1984 the prices of houses have tripled. Two periodic property market crashes did not slow the trend, in the Junction as it did in other areas, each fall stopped on a plateau higher than its predecessor. Yet condo development in the area is exceeding slow, with only one existing, the new Heintzman Place, and none other than the old paint plant at 6 Lloyd Ave, even in the planning stages. The old Mc Brides site on the south side of Dundas St West. just east of Keele St. had a proposed project which resulted with a large decry from people living around the site, stopping it.
There are other industrial and retail lots in the area that would serve for the construction of low rise condominium developments. Yet probably most developers would want or have to go above the 15 meter height restriction to make the projects viable. This would entail a building variance for selected projected projects that could be carefully and strictly rationed to ensure the character, the public’s right to light and open airspace is not removed.
Benefits of a 2 or 3 more condos would be,
A) Increased street life, on both the resident and high street commercial areas
B) Increased business for retailers and in turn for building owners
Cb)….the above probably and hopefully moving non retail businesses such a web design shops up to the second and third floors of the retail buildings opening up new retail space.
Cc) providing building owners with more funds to improve their faced and general buildings.
D) Less opportunist crime
E) More community involvement simply because of the increased number of people
And what of the special variances provided to developers for that bit of extra height, well a direct placed funding to fund well – kick start community activities and efforts such as farm markets which are resident run, and would it not be a good idea to have the residents associations to have a trust off which the interest could be used by the residents association.
Of course the last paragraph requires the development of a community consultation government model that devolves specific actions of very local issues to residents groups, a growing movement around the western societies, yet never lost in others.