Our zoning change application is moving right along. The application was passed unanimously by City Council at the beginning of this month and we are just waiting for the final appeal period to expire.
Check out the article published in the EMC September 08, 2011.
One Note: The article states "Kingston's proposed Anna Lane condos will be priced from $120,000 to $200,000. Occupancy is set for the spring of 2013" this is slightly inaccurate. Our prices range from the $120's to the high $300's and our current anticipated occupancy date is the end of 2013.
City planners endorse 9-storey condo at Queen & Bagot - News - By Bill Hutchins Kingston Community News
EMC News - A new condo development is set to rise in downtown Kingston.
Anna Lane Cooperative Development plans to build a 9-storey, 120 unit residential condominium at the corner of Queen and Bagot Streets, site of a large excavated hole for the past several years.
The zoning application is now working its way through city hall, and the final approvals are expected by mid-September.
The planning department is recommending the over-sized project get the go-ahead, partly because it promotes "complimentary" intensification in the downtown core.
"The proposed development provides live and work opportunities, is within close proximity to transit services, community services and commercial uses," said a September 1 staff report to the city's planning committee.
The condo, facing Bagot Street, will feature townhouses on the main level with bachelor-to-three bedroom units above. City planners praised the design because the townhouses provide a gradual setback to the main building and it's located on the east side of the property so as not to obstruct the existing sightlines to historic St. Paul's Church.
The developer wants to increase the building's height and density from the current allowable zoning of 93 residential units, and to reduce the number of underground parking spaces from 120 to 94 spaces. Still, planners say a taller building with fewer parking spaces should have minimal impact on neighbourhood traffic, heritage and shading issues.
The Downtown Kingston business association endorses the project to get more people living in the downtown core.
"Increased building height, increased residential density, and reduced parking requirement make sense at this location," said the Doug Ritchie, the association's managing director.
City councillors are expected to endorse the project, which has been touted as a way to address the local demand for affordable housing. They've already approved the project for Brownfield tax incentives.
Options for Homes, a Toronto-based non-profit housing developer, uses a no-frills approach to selling and marketing residential units. The organization operates on a deferred profit model that helps homeowners by covering a portion of their mortgage costs.
Options sells condos at cost but retains a second, zero interest mortgage for the difference between the market value and the at-cost sales price. The second mortgage is repaid when the unit is resold. Options has used this affordable ownership model to construct 1,500 units in the Toronto area since 1993.
Kingston's proposed Anna Lane condos will be priced from $120,000 to $200,000. Occupancy is set for the spring of 2013.
Kincore Holdings initially planned to construct an apartment on the site until excavation work abruptly stopped around 2006. Options for Homes bought the property about a year ago.
