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Friend of my went to the sales office and was told there was only a few units left and that demolition should start by late fall.

A group of three developers bought the site. There are plans to convert the building into luxury condos and put one more tower on the parking lot.

Why is every one assuming that it aA? You should not jump to conclusions.

Got one also, I called my lawyer and he said I do not have to sigh anything and should ask for some kind of compensation. It means they will not be able to deliver the unit on time and you can walk away.

Hwo calculates the interm and occupancey fees? And how are they calculated?

Mike is absolutely correct, its very difficult to put a large loan together. And now each developer has to put in additional dollars into each project. In the past on the project size of Auro developer would need to put up 12-15% of the over all cost, now banks want you to put up 25%. On this...

It will be a box. You can't afford to build anything else in Toronto.

they are on the 16th floor, 20 more to go. Does any one know what will be the height once its completed?

In the next 5 years, you are going to see some projects downtown only offering 0 parking, just like NY.

I think its more from the developer side. They don't think that they can sell units with out parking, specially the two bedrooms ones. the city will be happy with no parking at all.

A close friend of my who works in the development industr told me, they are having the same issues as many other builders, first of all the total amount of the loan is too big and they have to put 4-5 banks together. But the larger issue is the banks are now requiring the developers to put up...

I see a big in that bedroom has no windows.

SNF, The reason it usually takes longer to build ground level, is that floor is usually at least double hieght around 6m, so wall forms have to be staked one on to of the other more steel goes into them takes much longer to set up to received concreate. plus there often is a transfer beams on...

All I said is that there a severl different designs which developer is looking at. Above ground parking is just one of them.

No disrespect to Mike, but I don't think he has all the latest facts. In regards the sales at Emerald Park or several design alternatives for Exhibit.

I must agree the building turned out much better then any thought. And Burano would be a great complement accross the street.

From what I understand they are just starting to put together their tender packages. On the building this size and so complicated and with TTC next door, it takes at least a year to finish it all. They got lucky on timing with trades. From what I was told, till they get everything the way they...

That might be partialy correct, but from what I here they might be just waiting out and see if prices for construction come down even more. As I remember they said the project is $450m if they can save 10%-15% on their cost that huge money they are making. Sell at the top of the market, build...

Say what you want, but at the end of the day they own the best three sites in the city. And they were smart enough ( I think they soo the markter sliding) with Emerald Park and sell 75-80% of all the units. And now they are going to zone this site and they will probably hold it till market turns.