Quote:
Originally Posted by Gresto
1BW? Site cleared prematurely, not yet approved (I think), and sales haven't begun.
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One Bloor West is a retail mall with a very tall hat that nobody important (the developer) cares about much. The primary objective is the $60+ Million per year in retail lease revenue; $300 per sqft is a low rate for that stretch.
Residential sales until long after construction has started and it may well be capped for a while before the residential portion is completed.
If the residential didn't provide an audience for the retail (driving up the lease rates further) they'd probably be perfectly content with a 5 floor mall.
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