McMaster Graduate Student Residence | ? | 31 & 10 fl | Complete

[TheRitsman]

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]

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]

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]

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

[TheRitsman]

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]

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

[TheRitsman]

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]

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.

[King&James]

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.

[urban_planner]

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.

[Hawrylyshyn]

Originally Posted by urban_planner

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.

Exciting! Was definitively hoping for it to be more gold than this

[TheRitsman]

Originally Posted by urban_planner

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.

Whereabouts is this? I just walked past not half an hour ago, and I don't see any new cladding up today really.

[urban_planner]

So to throw myself under the bus/looking back at my past photos their isn't any new cladding, when I drove past it must have been the way the sun was hitting the panels.


I'm as disappointed as everyone else lol.

[spaghettisam]

Originally Posted by urban_planner

it must have been the way the sun was hitting the panels.

I don’t see this as a negative at all. It had been discussed in this forum that the classing would *hopefully look gold in the sun. Seems like the tower does indeed glisten in the sun !

[SteelTown]

FYI, Mac now has several job postings for 10 Bay St., so things are moving ahead quickly.

[TheRitsman]

Originally Posted by SteelTown

FYI, Mac now has several job postings for 10 Bay St., so things are moving ahead quickly.

They've really been focusing on interior work the last few weeks. Exterior work is at a crawl which is totally fair. I'm curious what kind of jobs they're hiring for.

[SteelTown]

Originally Posted by TheRitsman

I'm curious what kind of jobs they're hiring for.

Two job postings for "Housing Assistant" and one 'Finance Manager" aka collecting the rent.

The Housing Assistant will act as an ambassador of Housing and Conference Services. This position provides a visible and accessible front line presence in order to anticipate, understand and act upon all guest, resident and stakeholder needs at the Graduate Residence Building at 10 Bay Street. This role offers casual/ on call shifts.

[Crapht]

It appears that after two years of construction and as they prepare the street level landscaping that they have cut down the Locust tree at the corner of Bay and King. The tree they saved through construction has been removed to make way for a planter?

[TheRitsman]

Originally Posted by Crapht

It appears that after two years of construction and as they prepare the street level landscaping that they have cut down the Locust tree at the corner of Bay and King. The tree they saved through construction has been removed to make way for a planter?

I mentioned this on the UrbanToronto forum:

"This is the only new tree taken down so far, but we're weeks away from the landscape plan being done and they for some reason pulled out a mature tree to seemingly make a nicer planter box. It seems wholly unnecessary. The tree was large and actually made the development look great from day 1 with a large treat next to its corner. Now we will have to wait 10-20 years again for a mature tree to be there, assuming the city doesn't fuck it up and let a tree die 5 years into it's existence and then we have to start again."

In the site plan it shows a tree along Bay St, so I assume one will be planted? Why they pulled the tree out last minute before completion makes no sense to me. And if they will be installing a new tree, it doesn't looks like there will be enough soil: https://urbantoronto.ca/forum/thread...8/post-1979537

[drpgq]

So is this going to be ready for September move in?