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  #9221  
Old Posted Nov 16, 2024, 3:26 AM
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Originally Posted by WhipperSnapper View Post
The cost of the extension has already been incurred?
$60 to 100 million per floor?

Condo market remains in the toilet. The creditors here are actively looking to cash out than to take on and complete the tower. Construction continuing unabated to 85 storeys would be a win. 91 or even higher would benefit from a extended pause, an auction type sale and, time for the market to have another hot spell.

Lol 😆 you know what I meant. I meant the initial construction costs, planning, permits, design and finance costing were already incurred. Yes there will be costs to go higher but those would be offset by the sales of units on those floors.

As for the condo market, yes I agree with you, the condo market is for dogs. But the super rich, the ultra rich billionaire class is the market for this tower so maybe the impact is not the same, as those guys are earning money hand over foot and with Trump back in the Whitehouse they will be getting billions or even trillions in tax cuts so they can invest that money in downtown Toronto real estate.
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  #9222  
Old Posted Nov 16, 2024, 3:13 PM
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What you're saying is the costs to build up to 86 floors has essentially covered the costs to build the 5 additional floors? Why are global supertalls so expensive then?

I don't see a high lot coverage tower on the corner of one of the busiest intersections with 5 units per floor, 10 foot ceilings, roughly one parking space per unit being that global billionaire magnet you are making it out to be.

Trumps tax cuts will go all into the deficit. He'll also overspend like he always does. The billionaires are billionaires because of stock overvaluations then over tax exemptions. High chance Trump will be another train wreck and without a pandemic to excuse him.
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  #9223  
Old Posted Nov 16, 2024, 3:22 PM
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WTF? Have to log in 5 times to post!!!


We're accustomed to developments breaking ground being completed including any variances along the way. That doesn't mean that planning is a huge financial obstacle. Absorption matters most. There's many predictions that 2025 will be a banner year. I can't tell if it's wishful thinking on a struggling industry or based on something factual. The info is either not provided with these predictions or possibly offered behind the common paywalls
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  #9224  
Old Posted Nov 19, 2024, 5:26 PM
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  #9225  
Old Posted Nov 20, 2024, 11:28 PM
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Quote:
Originally Posted by WhipperSnapper View Post
WTF? Have to log in 5 times to post!!!
I've also had to log in several times to post. Also the ad pop ups take up the entire screen on my phone sometimes. SSP you need to have your IT fix this.
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  #9226  
Old Posted Nov 24, 2024, 7:06 PM
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Festive lighting in the park between Phase 1 and 2.


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  #9227  
Old Posted Nov 24, 2024, 7:16 PM
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  #9228  
Old Posted Nov 24, 2024, 7:27 PM
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On the right.


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  #9229  
Old Posted Dec 7, 2024, 4:51 PM
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  #9230  
Old Posted Dec 7, 2024, 8:07 PM
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Not long now until The One dethrones FCP.
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  #9231  
Old Posted Dec 10, 2024, 7:17 PM
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  #9232  
Old Posted Dec 16, 2024, 5:27 PM
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Glazing underway on the bridge across Yonge Street.


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As noted by koops in other threads...

The One | 308.6m | 85s | Tridel | Foster + Partners l u/c

Tridel has been selected by the Receiver to take over as development and construction manager (early 2025). The present plan is to build only to the original 309 metre height but there remains a possibility that Tridel may decide to build taller.


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  #9233  
Old Posted Dec 16, 2024, 5:40 PM
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  #9234  
Old Posted Dec 22, 2024, 10:49 PM
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Sky Tower:

[IMG][/IMG]
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  #9235  
Old Posted Dec 26, 2024, 6:57 PM
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CIBC Square 2 from the beginning of November.

pic be me.
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  #9236  
Old Posted Jan 5, 2025, 7:49 PM
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Double diamonds.


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  #9237  
Old Posted Jan 12, 2025, 4:00 AM
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Surrey's Centre Block has begun site-prep.

The 230m tower is phase 2, but we are coming for that 9th place:



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  #9238  
Old Posted Jan 19, 2025, 5:57 PM
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Mechanical floors.


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  #9239  
Old Posted Jan 19, 2025, 6:09 PM
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Video Link


I can't seem to get the footage to show here but some impressive drone footage of the one.

https://www.youtube.com/watch?v=PXGNuQWGILc
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  #9240  
Old Posted Jan 20, 2025, 3:19 AM
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I remember when 1 King West was the most interesting new tower in Toronto. And when Aura seemed unimaginably tall for something outside the CBD. But The One is a real beast!

Still love 1KW though
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