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Real Estate


Developer Brad Lamb calls out the “greedy parking hogs” in The Beach, High Park and the Annex

”Get with it, this is the future.” (Image: Facebook)

Downtown residents, developers and the city have long bickered over the appropriate amount of parking for new condo buildings. Now, as condos move steadily outward, that same debate is flaring up in other parts of the city. Take The Beach, an area known for its anti-development fervour. Residents say a 70-unit project at Queen and Woodbine needs more than the 65 parking spots currently slated because street parking is already scarce. (Yet that ratio is still more generous than many buildings downtown, where developer Brad Lamb says he aims for roughly half as many parking spots as units.) But developers argue putting in more than the bare minimum of parking is bad business: with the popularity of car-shares rising and parking space prices eclipsing $50,000, many spaces go unsold. The always outspoken Lamb offered a solution: “Everybody, including the greedy parking hogs in the Beach and in High Park and in the Annex and all the other places . . . they need to understand. Get with it, this is the future.” Somehow, we doubt condo naysayers in The Beach are going to take his advice. [Toronto Star]