TORONTO | One Yonge | 1,131 FT / 344.6 M | 105 FL | 1,004 FT / 306 M | 92 FL

[Repthe250]

What’s the building on the left with the white spire?

[Nouvellecosse]

The Hub, a proposed office tower with an uncertain future. Haven't heard much about it for awhile and it's listed as a "stale proposal" on the diagrams page.

[koops65]

edit

[Maldive]

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

Rising above the huge transfer slab.


mburrrrr

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[Gresto]

There was some chatter at UT the other day that Phase 3 (the second supertall) might start soon. Rank speculation, but it gets the blood flowing.

[koops65]

• Video Link

High Angle, looking North:

[IMG][/IMG]

Low Angle, looking North:

[IMG][/IMG]

[Maldive]

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

SkyTower: more podium glazing up. This thing is already a beast … with around 90 storeys to go lol.


wmedia

UT

[NYguy]

Flippblood Canada

[BanBrokenChatBots]

First Canada Place (Edward Durell Stone) is still the most iconic skyscraper in the Toronto skyline, there seems to be a lot of skinny residential towers going up everywhere (international money laundering? 🤔). Toronto needs another major office tower near FCP, meat with the potatoes.

[koops65]

That would be this tower, just to the left of FCP in the pic, with its flashy new LED's... it's literally, brand new.

Originally Posted by NYguy

[Nite]

First Canada Place (Edward Durell Stone) is still the most iconic skyscraper in the Toronto skyline, there seems to be a lot of skinny residential towers going up everywhere (international money laundering? ������). Toronto needs another major office tower near FCP, meat with the potatoes.[/QUOTE]

If you are not a Canadian citizen or have Permanent residence, you can't buy residential real estate in Canada BTW.

[Innsertnamehere]

First Canadian Place is actually closer to 290 metres in height - 298 is a long-standing error.

This building will be over 50 metres - or about 170 feet - taller.

Toronto builds so many residential buildings as it has strict restrictions on the construction of new subdivisions in the suburbs and has growth rates which exceed that of the fastest growing sunbelt cities - which means it builds 30-40,000 apartment units a year to accommodate the 100,000-150,000 people who move to the city annually.

Another interesting fact is that this building will be one of seven six buildings on the continent to have over 100 floors - and will take second place in the count, behind only the Sears Tower, which has 108 floors, just 3 more an this.

[koops65]

I only see six with 100+ floors... which one am I missing?

Diagram sorted by floor count:
https://skyscraperpage.com/diagrams/?searchID=104201789

[Innsertnamehere]

Originally Posted by koops65

I only see six with 100+ floors... which one am I missing?

Diagram sorted by floor count:
https://skyscraperpage.com/diagrams/?searchID=104201789

sorry, you are right, 6.

[Maldive]

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

Curtain-wall glass starting on the tower floors. Check out the SkyTower’s curtain-wall clad podium in the centre of the pic versus the window-wall cheap-out of the Phase 1 podium on the far right.


Jeff Morgan

wmedia

wmedia

[BanBrokenChatBots]

Originally Posted by Nite

First Canada Place (Edward Durell Stone) is still the most iconic skyscraper in the Toronto skyline, there seems to be a lot of skinny residential towers going up everywhere (international money laundering? ). Toronto needs another major office tower near FCP, meat with the potatoes.

If you are not a Canadian citizen or have Permanent residence, you can't buy residential real estate in Canada BTW.

International money laundering doesn't mean that you're actually going to be buying and living inside the real estate. They use slush funds and asset and Capital management companies along with investing in multinational construction companies.

[Nouvellecosse]

Originally Posted by BanBrokenChatBots

International money laundering doesn't mean that you're actually going to be buying and living inside the real estate. They use slush funds and asset and Capital management companies along with investing in multinational construction companies.

The point is that the construction is due to high demand from population growth, aka people buying and/or renting units (for residential) and companies looking for office space (for office buildings). If there were money laundering outsiders subsidizing real estate for those occupying it, then the prices wouldn't be so sky high leading to an affordability crisis. And if they're just investing in the construction companies then that has nothing to do with the high demand driving the construction. The only way that foreigners would have any significant affect on demand and rates of construction is if they were actually buying the units and paying high condo fees and taxes to keep them empty leading to a artificial shortage. Otherwise, the high prices and high rates of construction are caused by high demand which is what we're seeing.

It seems that people are simply coming up with imagined, speculative explanations to compensate for a lack of understanding of the local market.

[Maldive]

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c


mburrrrr

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[WhipperSnapper]

Originally Posted by Nouvellecosse

The point is that the construction is due to high demand from population growth, aka people buying and/or renting units (for residential) and companies looking for office space (for office buildings). If there were money laundering outsiders subsidizing real estate for those occupying it, then the prices wouldn't be so sky high leading to an affordability crisis. And if they're just investing in the construction companies then that has nothing to do with the high demand driving the construction. The only way that foreigners would have any significant affect on demand and rates of construction is if they were actually buying the units and paying high condo fees and taxes to keep them empty leading to a artificial shortage. Otherwise, the high prices and high rates of construction are caused by high demand which is what we're seeing.

It seems that people are simply coming up with imagined, speculative explanations to compensate for a lack of understanding of the local market.

Did you google money laundering and where Toronto or Canada ranks in the world before saying it's all fake? When one can register a company for $100 with an address taking prominence over personal info money laundering is going to happen. How about the world's biggest real estate bubble? Home buyers don't create bubbles and as a bubble refers to overvalued property. Investors (flippers for slang) do. More than half the units end up on MLS as rentals the minute the developer allows them to post. There are thousands of units for rent right now just in the downtown. There are also a significant undetermined amount that are off market but, that's a lot easier to write off as fake. No one is interested in delving into it and coming up with the real numbers. Canada has severe housing shortages amidst record number of visa issued. That's a MAGA level type contradiction. That's also Toronto in 1995 but, not 2023. The prices have increase due to zero vacancies but, not to the extreme affordability crisis in Toronto.


It's same like blaming interests rates on the the dip in housing investment in Toronto instead of market insecurity from the billions being written down in commercial property values. Allied REIT has written down half a billion alone and that there are much better real estate investment opportunities in Canada than Toronto

Regardless, I'm always entertained by those gloating that Torontonians can afford less and less from highly competitive low wages and pay more tax to subsidizing more housing for a growing number of people that come here just to use our amenities to the benefit of a select number of Canadians' pocketbooks. Those coming here to settle down and contribute have a record high dissatisfaction that is universally ignored. It's all about towers which, in itself, is entertaining. Proposals are the most popular among Toronto forumers. You don't need people to occupy them.

[WhipperSnapper]

Originally Posted by Innsertnamehere

sorry, you are right, 6.

St Regis in Chicago is a cheater. It includes the parking garage which is technically above ground however, street level or grade for the whole community is on top of the garages.