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New $18 million Gladstone condo begins construction, goes green without LEED

The latest residential addition to the West Queen West neighbourhood got underway this past week with the demolition of a vacant warehouse at 2 Gladstone, next door to the Gladstone Hotel.

In its place will be an 8-storey, 54-unit condominium adding a total of 38,000 square feet of residential space to the booming strip, estimated to cost $18 million. The building will be environmentally friendly  but will not, according to the developer, be applying for any of the increasingly popular LEED certifications.

"To be quite honest, making these small buildings work financially is difficult," says Streetcar Developments vice president Jeanhy Shim, who explains that many buildings costs are fixed, whether the building in question is 8 storeys or 58, meaning the costs in smaller buildings have to be spread over fewer units. "So the having to add the cost of LEED, to be honest, is quite onerous."
(Outside agencies have estimated that LEED certification can add as much as 5 per cent to the cost of small scale projects such as Streetcar's.)

Despite this, however, 2 Gladstone will feature dual flush toilets, low VOC paints, low-flow faucets, locally sourced and produced materials, a green roof, bicycle storage, and a Zip or AutoShare facility.

And, as the name suggests, 2 Gladstone will, like every other Streetcar project according to Shim, be on a streetcar line.
The building is slated to be ready by October, 2012.

Writer: Bert Archer
Source: Jeanhy Shim, Streetcar Development

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