McMaster Graduate Student Residence | ? | 31 & 10 fl | Complete - Page 40

TheRitsman · #**781** Posted **Jun 5, 2023, 1:05 PM**

The crane is coming down

Crapht · #**782** Posted **Jun 5, 2023, 1:37 PM**

That seems a little premature. There are lots of windows and cladding to go. I’d be surprised if it comes down.

TheRitsman · #**783** Posted **Jun 5, 2023, 1:51 PM**

Quote:

Originally Posted by Crapht

That seems a little premature. There are lots of windows and cladding to go. I’d be surprised if it comes down.

I was surprised too! Seems easier to install cladding and windows with a tower crane, but that is definitely a tower crane removal crane. I'll update by EOD if the crane is gone.

Innsertnamehere · #**784** Posted **Jun 5, 2023, 3:43 PM**

windows typically aren't installed with the hoist crane from what I recall. Once the building is topped out and all the large mechanical equipment has been lifted to the roof, typically the crane can come down.

Crapht · #**785** Posted **Jun 5, 2023, 10:11 PM**

Yeah it’s coming down alright. Rode by on my way home. I suppose they have placed a lot of materials on individual floors and the aluminum panels can go up in the elevator and be installed from windows. Idk. They know what they’re doing. I had a thought the other day about the perforated panels covering the parking. It would be cool if they had placed some led lights inside to animate it at night. One can dream.

ScreamingViking · #**786** Posted **Jun 6, 2023, 2:59 AM**

Quote:

Originally Posted by Crapht

Yeah it’s coming down alright. Rode by on my way home. I suppose they have placed a lot of materials on individual floors and the aluminum panels can go up in the elevator and be installed from windows. Idk. They know what they’re doing. I had a thought the other day about the perforated panels covering the parking. It would be cool if they had placed some led lights inside to animate it at night. One can dream.

One would hope a construction firm is hired based in part on knowing what they're doing.

The removal of the tower crane doesn't seem odd to me compared to other builds, and the construction elevator can probably handle a lot.

And looking at that recent photo, I actually wouldn't mind if they didn't put the gold panelling all the way up the garage. It would make for a nice contrast.

Crapht · #**787** Posted **Jun 6, 2023, 11:45 AM**

I think Liuna knows what they’re doing as well and they still have both cranes up at Cobalt. Regardless, it appears the McMaster building is doing prep work at the grade level on the corner of King and Bay probably readying for partial resident occupancy. The garage paneling is complete. A dark grey graphite colour. Looks good.

Davis137 · #**788** Posted **Jun 7, 2023, 4:17 PM**

Man, this building is going to be quite the standout when it's done. It will hopefully inspire other developers to want to have landmark (an by extension, legacy) buildings in their portfolio, vs the generic beige and charcoal clad boxes in the sky that are being built everywhere...

This reminds me of the Hudson building going up in Detroit, which is an absolute stunner, without being finished yet...

TheRitsman · #**789** Posted **Jun 15, 2023, 6:43 PM**

More paneling going up on the Bay frontage and the back of the building:

King&James · #**790** Posted **Jun 15, 2023, 7:34 PM**

I am hoping that last photo with the corregated steel /container box inspired box is temporary.

TheRitsman · #**791** Posted **Jun 15, 2023, 7:36 PM**

Quote:

Originally Posted by King&James

I am hoping that last photo with the corregated steel /container box inspired box is temporary.

It is hidden on the backside of the building, so I'm not too worried, plus with the eventual second building on the northwest corner of George and Bay St, it will eventually be hidden or built against.

Just as a reminder: https://skyscraperpage.com/forum/sho...&postcount=125

TheHonestMaple · #**792** Posted **Jun 15, 2023, 11:28 PM**

Quote:

Originally Posted by TheRitsman

It is hidden on the backside of the building, so I'm not too worried, plus with the eventual second building on the northwest corner of George and Bay St, it will eventually be hidden or built against.

Just as a reminder: https://skyscraperpage.com/forum/sho...&postcount=125

Probably 10+ years before that one gets built. So unfortunately were going to be looking at this huge black wall for quite some time.

TheRitsman · #**793** Posted **Jun 16, 2023, 1:53 AM**

Quote:

Originally Posted by TheHonestMaple

Probably 10+ years before that one gets built. So unfortunately were going to be looking at this huge black wall for quite some time.

I don't think that's the case. McMaster has big expansion plans both on the campus and downtown. They also own the property directly east of this, and I had heard they bought another property to the north, but that was a rumour nobody confirmed.

TheHonestMaple · #**794** Posted **Jun 16, 2023, 2:56 AM**

I'm not holding my breath. High interest rates that will remain for the next 5 years at least.

TheRitsman · #**795** Posted **Jun 16, 2023, 4:17 AM**

Quote:

Originally Posted by TheHonestMaple

I'm not holding my breath. High interest rates that will remain for the next 5 years at least.

McMaster is in a slightly different spot though. They aren't selling these units, which is part of the reason rental buildings are still going up. Rents are increasing, and McMaster likely plans to hold onto these buildings beyond any current staff or students lives. McMaster isn't a typical builder thinking about the next 10 or 15 years of owning these things. This building will likely be retained by the school as long as the school exists, adding to it's asset base.

Recall that the institution was founded 136 years ago, prior to any existing developer in the city and has a massive nearly billion dollar endowment.

Innsertnamehere · #**796** Posted **Jun 16, 2023, 12:55 PM**

McMaster isn't the owner here though, no? Knightstone is, who is operating these as student residences on contract to McMaster.

King&James · #**797** Posted **Jun 16, 2023, 12:57 PM**

If Mac and Knightstone successfully lease out this tower, no doubt that they will build the second tower, I think as soon as they can get the Undergrad project at Main and Traymore in the ground and underway.

TheRitsman · #**798** Posted **Jun 16, 2023, 1:14 PM**

Quote:

Originally Posted by Innsertnamehere

McMaster isn't the owner here though, no? Knightstone is, who is operating these as student residences on contract to McMaster.

I had thought that Knightstone was an investor of sorts, I'm pretty sure in some way McMaster owns the property otherwise there wouldn't be grounds to avoid property taxes and development charges which I believe this development was exempted from if I recall correctly.

I may be wrong though.

Sidenote: did anyone confirm whether McMaster did in fact buy the parking lot west of Bay St N just north of King?

Innsertnamehere · #**799** Posted **Jun 16, 2023, 2:34 PM**

Quote:

Originally Posted by TheRitsman

I had thought that Knightstone was an investor of sorts, I'm pretty sure in some way McMaster owns the property otherwise there wouldn't be grounds to avoid property taxes and development charges which I believe this development was exempted from if I recall correctly.

I may be wrong though.

Sidenote: did anyone confirm whether McMaster did in fact buy the parking lot west of Bay St N just north of King?

Hmm, perhaps McMaster owns it and leased the lands to Knightstone for the building. I'd love to confirm the ownership structure here.

urban_planner · #**800** Posted **Jul 7, 2023, 5:27 PM**

They have begun installing much "Golder" cladding in here. Going to try and get a few drone shots later. Looks much better. I was honestly thinking the color they've had until now just looked like The standard life building and 25 main west.