Canada's 10 Tallest U/C - Page 230

TorontoDrew · #**4581** Posted **Feb 8, 2018, 4:09 PM**

Great shot! Love the clustering.

caltrane74 · #**4582** Posted **Feb 10, 2018, 9:16 AM**

488 University Tower Update Page

488 - 207 meters tall

https://urbantoronto.ca/forum/threads/to...55s-amexon-core-architects.18815/page-62

Screenshots from Towered

cyeg66 · #**4583** Posted **Feb 11, 2018, 4:14 AM**

Quote:

Originally Posted by O-tacular

Lol! Yep that’s me...

My comment wasn’t even negative. I was defending coldrsx from someone else commenting on the mega volume of updates from Edmonton. You need better reading comprehension skills.

That's the way I interpreted it as well, O-Tac. I thought it was pretty clear. You had responded to a poster pointing out that there was an inordinate # of YEG updates, similar to when someone gets crucified for having the audacity to mention that 25 of the last 30 skyline pics have been of Montreal's downtown (

). I use this as an example only, of course. S'all good.

cyeg66 · #**4584** Posted **Feb 11, 2018, 4:15 AM**

Quote:

Originally Posted by caltrane74

488 University Tower Update Page

488 - 207 meters tall

https://urbantoronto.ca/forum/threads/to...55s-amexon-core-architects.18815/page-62

Screenshots from Towered

I really like this project. How much higher does it have to go before it tops out?

koops65 · #**4585** Posted **Feb 11, 2018, 4:28 AM**

About 30 floors...

http://skyscraperpage.com/cities/?buildingID=6029

cyeg66 · #**4586** Posted **Feb 11, 2018, 7:54 AM**

Quote:

Originally Posted by koops65

About 30 floors...

http://skyscraperpage.com/cities/?buildingID=6029

Thanks, Koops. I should've figured you'd have that stashed away in your quiver somewhere. I'll admit to being too lazy to have dug deeper.

mistercorporate · #**4587** Posted **Feb 12, 2018, 4:32 AM**

Quote:

Originally Posted by Coldrsx

www.twitter.com/ianoyeg

Beautiful!

Black Star · #**4588** Posted **Feb 12, 2018, 6:38 AM**

DVzfNf7W0AE1ask.jpg_medium by BLACK STAR III, on Flickr

https://twitter.com/Wherezjeff?lang=en

Coldrsx · #**4589** Posted **Feb 12, 2018, 3:37 PM**

Beasts! This angle more than any other really shows the significance of these buildings to our skyline.

TorontoDrew · #**4590** Posted **Feb 12, 2018, 4:42 PM**

Quote:

Originally Posted by caltrane74

488 University Tower Update Page

488 - 207 meters tall

It's going to be fun watching this building almost triple in height over the next year.

Source: http://urbantoronto.ca

Gresto · #**4591** Posted **Feb 13, 2018, 2:00 AM**

According to UT members, a National Putz article is reporting The One as only 55% sold to date. Should we worry?

TorontoDrew · #**4592** Posted **Feb 13, 2018, 2:12 AM**

So roughly 200 units to sell. Nothing to worry about since this is a high end building that's only been in sales for a few months and construction and financing are both a go.

caltrane74 · #**4593** Posted **Feb 13, 2018, 2:39 AM**

Quote:

Originally Posted by Gresto

According to UT members, a National Putz article is reporting The One as only 55% sold to date. Should we worry?

Not really worried, there is a lot of demand for downtown real estate.

suburbanite · #**4594** Posted **Feb 13, 2018, 2:48 AM**

Quote:

Originally Posted by TorontoDrew

So roughly 200 units to sell. Nothing to worry about since this is a high end building that's only been in sales for a few months and construction and financing are both a go.

I highly doubt they've initiated a loan yet for the minimal amount of work done so far, and will not do so unless they hit the threshold they're looking for. The presence of a financing agreement doesn't guarantee anything.

WhipperSnapper · #**4595** Posted **Feb 13, 2018, 5:37 AM**

Quote:

Originally Posted by Gresto

According to UT members, a National Putz article is reporting The One as only 55% sold to date. Should we worry?

55% doesn't make sense from what I've heard. It's not great by any means if we consider it accurate. It isn't a number to worry over yet either. Maybe in another month or two with flat sales. I'm sure they went into this knowing sales will take longer than usual given the high prices. Still, 55% has to be very disappointing after many months of marketing and building a list and a few months of sales. Toronto's prebuilt market is built on investors. By this time, they have all cycled through this development.

I heard roughly 65% sold after one week. Maybe a lot renegged?

Coldrsx · #**4596** Posted **Feb 13, 2018, 3:07 PM**

Stantec Tower for sale. Gotta fund phase 2.

https://www.theglobeandmail.com/real-est...id-albertas-oil-rebound/article37947128/

WhipperSnapper · #**4597** Posted **Feb 13, 2018, 3:35 PM**

LOL or to pay for phase 1. The condo sales in Stantec have been mediocre at best as well.

TorontoDrew · #**4598** Posted **Feb 13, 2018, 3:36 PM**

Quote:

Originally Posted by suburbanite

I highly doubt they've initiated a loan yet for the minimal amount of work done so far, and will not do so unless they hit the threshold they're looking for. The presence of a financing agreement doesn't guarantee anything.

I was under the impression Firm Capital Mortgage Investment Corp was backing the mortgage to help get this thing out of the ground. That 55% sold figure is also about 10 days old now so who knows how many more units have sold. Even with out the lender involved the One would need to sell 75% of it's units give or take depending on the unit sizes to get financing and that number would be 312 of the 416 up for grabs. I think it's safe to say by the time a crane arrives on site the number of sold units reported at 55% or 229 units will be much closer to or above the 312 needed.

Coldrsx · #**4599** Posted **Feb 13, 2018, 3:48 PM**

Quote:

Originally Posted by WhipperSnapper

LOL or to pay for phase 1. The condo sales in Stantec have been mediocre at best as well.

Then who is incorrect?

---------

New condominium apartment sales in Edmonton grew over 60% in 2017, the largest percentage growth of the markets tracked, with 1,289 units sold last year. This significant increase was connected to the downtown condo market where the new Rogers Centre attracted buyers to the city’s core, with sales increasing by 160% year over year. The suburban areas of Edmonton were still dealing with a large supply of inventory and sales were relatively flat compared to 2016.

https://datasolutions.altusgroup.com/red-hot-new-condominium-apartment-sales-canada-2017/

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The skyrocketing popularity of the Ice District’s Sky Residences helped Edmonton new multi-family home sales more than double during last year, a new report shows.

Sales of new condominiums and town houses rose to 766 in the last three months of 2017 from 323 in the same period of 2016, according to information released Tuesday by research firm Urban Analytics.

Much of that increase was fuelled by the 242 condos sold in the Sky Residences being built on the upper half of the 66-storey Stantec Tower, which became available to the general public at the end of October.

“The project’s location adjacent to Rogers Place arena, appealing views from all residential units (which start on the 31st level), combined with luxury finishing specifications, drew many local and out-of-province buyers,” the report says.

http://edmontonjournal.com/business/real-estate/edmonton-new-condo-sales-soaring

suburbanite · #**4600** Posted **Feb 13, 2018, 4:22 PM**

Quote:

Originally Posted by TorontoDrew

I was under the impression Firm Capital Mortgage Investment Corp was backing the mortgage to help get this thing out of the ground.

They may very well be. I was just pointing out that until they actually take funds from that loan the game clock doesn't start and they can sit on the property indefinitely. The fact that they have a backer doesn't guarantee any imminent construction.