Prominently located on the former railway lands of Toronto’s downtown waterfront area, Concorde Adex’s CityPlace is the city’s largest planned urban community.
Altus Group has been involved with the project since 1999, continuing to provide cost consulting, realty tax and valuation service as the community expands.
Services we have provided include:
REALTY TAX
Original involvement: 1999
- Realty tax reviews to secure refunds
- Assessment appeals to challenge the Municipal Property Assessment Corporation’s valuations and reclassify properties
- Including reassessment of land parcels requiring rehabilitation
- Vacancy applications with the City for rebate of taxes
COST CONSULTING
Original involvement: 2000
- Building efficiency studies
- Pre-tender stage and contract negotiations
- Loan Monitoring on behalf of the bank
- ongoing cost certifications, construction drawings and loan drawdowns
RESEARCH, VALUATION & APPRAISAL
Original involvement: 2004
- Land value appraisal
- Cash flow modeling (condo unit price estimates)
- Market Analysis/Optimization Studies