This purchase has a solid going in cap rate, upside potential and adds more scale and efficiency to our operations in Toronto. With this purchase we will have acquired 1,000 suites so far this year, all of them in strong rental markets that we have targeted for growth.
InterRent obviously sees Weston as a stable income source and a place for future investment.
Here is a conceptual view of the TTC rail yard slated to occupy the Kodak Lands site.
Next to the site is a proposed bus terminal to serve as a transportation hub.
Conspiracy theorists have said that the junction of the GO train line / Airport Link with the Eglinton Crosstown LRT in combination with the bus terminal plans will mean that Weston Station will be temporary. They think that the ultimate plan is to build a GO station in this location and render Weston Station unnecessary.
Today is the last day of operation at Metrolinx Georgetown South Project office at 1631 Weston Road. The new office on 44 King street opens on Monday July 9th. This will be close to the Weston Tunnel – the name of the trench being constructed so that the increase in train traffic doesn’t split Weston village in two.
Tomorrow GO transit will be unveiling a mural on the hoarding being built beside the new tracks. The art, which was developed in consultation with the community, but which had been kept secret, will be revealed tomorrow at noon at the Farmers’ Market.
InsideToronto had an excellent article explaining the progress of St John the Evangelist toward getting a new school and toward their temporary relocation in short, the money still hasn’t come for a new school and there are some minor concerns with the soil quality, but the move is going along as expected.
“I’m a little disappointed that a top priority school couldn’t get complete funding,” said Dave Bennett, chair of St. John the Evangelist’s Catholic School Advisory Council (CSAC).
The Air Rail Link could have been electrified in time for the Pan Am games, according to Metrolinx, InsideToronto says. The Pan Ams had been used as justification for rushing the construction, even though the athletes will not take the ARL and the event is only two weeks long.
The 2015 ‘deadline’ had already seemed concocted and the conversion seems unnecessarily expensive. That the electrification is being held up–assuming it indeed happens–by paperwork does nothing to burnish the image of a much-disliked agency.
“We’ve been meeting in this room for five years now,” said Dobson. “One thing after another has been proven wrong.”