Toronto One Bloor West | 308.6m | 85s | Tridel | Foster + Partners

On the contrary - I expect Apple was being enormously patient with the process - that patience simply ran out around the same time as their confidence in Mizrahi and co. began to unravel. I sure can't blame Fruitco for backing out after years of slipped deadlines and back-channel chatter about shaky finances. Apple's in the game for the money after all, not idle speculation over one possible location for one of their dozens of flagship stores.

Still, it will be interesting to see who eventually takes on that cavernous ground floor space; I can't imagine who it will be.
 
Lenser said:
On the contrary - I expect Apple was being enormously patient with the process - that patience simply ran out around the same time as their confidence in Mizrahi and co. began to unravel. I sure can't blame Fruitco for backing out after years of slipped deadlines and back-channel chatter about shaky finances. Apple's in the game for the money after all, not idle speculation over one possible location for one of their dozens of flagship stores.

Still, it will be interesting to see who eventually takes on that cavernous ground floor space; I can't imagine who it will be.
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I agree but if we assume that they are still looking at building a flagship store in Toronto, what other site at the same state of readiness and suitability can be found?
 
khaldoon said:
I agree but if we assume that they are still looking at building a flagship store in Toronto, what other site at the same state of readiness and suitability can be found?
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Dunno... that's content for another, separate thread, I'd say. I'm just interested in seeing this project top out.
 
Lenser said:
On the contrary - I expect Apple was being enormously patient with the process - that patience simply ran out around the same time as their confidence in Mizrahi and co. began to unravel. I sure can't blame Fruitco for backing out after years of slipped deadlines and back-channel chatter about shaky finances. Apple's in the game for the money after all, not idle speculation over one possible location for one of their dozens of flagship stores.

Still, it will be interesting to see who eventually takes on that cavernous ground floor space; I can't imagine who it will be.
Click to expand...

I'm not even sure losing patience is the right description. Apple had a deal that wasn't being delivered on, so they canceled it. That says nothing about whether they still want the space and will come to a new deal. That said, Mizrahi (or his new overseers) obviously can't just come out and say that it's still Apple because their only bargaining power comes if they have another prospect.
 
Lenser said:
On the contrary - I expect Apple was being enormously patient with the process - that patience simply ran out around the same time as their confidence in Mizrahi and co. began to unravel. I sure can't blame Fruitco for backing out after years of slipped deadlines and back-channel chatter about shaky finances. Apple's in the game for the money after all, not idle speculation over one possible location for one of their dozens of flagship stores.

Still, it will be interesting to see who eventually takes on that cavernous ground floor space; I can't imagine who it will be.
Click to expand...
I wouldn't equate that to enormously patient...or they would of been still planning to move in. So they may have had some patience to a point, but it wasn't unlimited, even generously...

...because at the the end of the day, they'll still would have a retail space to go to despite all the financing shenanigans here. And they won't be making more money with no move in planned and with no other alternative to set up shop in that area. So it's their loss.
 
UtakataNoAnnex said:
I wouldn't equate that to enormously patient...or they would of been still planning to move in. So they may have had some patience to a point, but it wasn't unlimited, even generously...

...because at the the end of the day, they'll still would have a retail space to go to despite all the financing shenanigans here. And they won't be making more money with no move in planned and with no other alternative to set up shop in that area. So it's their loss.
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Nope - it's Mizrahi's loss. Need I remind you that Apple is a zillion dollar company? They have plenty of options. Their retail fortunes are hardly reliant on a single potential location in a single city in the North American market. The way I expect it went, Apple was willing to go along with their original plans until it became apparent that it would be foolish to passively stick around. But to evandyk's point, this withdrawal may also amount to a calculated bargaining chip on Apple's part. I guess we'll see.

As it stands, the loss of prestige from having Apple pull out is no small thing. Having said that, I want to see this building get finished.
 
It's just kind of annoying that Apple would pull out of this space after it was specifically designed for them.
 
This is a loss for both Mizrahi, and Apple. It's doubtful that Apple will find a venue as suitable as The One anytime soon. The loss to Mizrahi is obvious. However, we can't say how much potential lost business either enterprise will suffer.
 
I think Apple can come back. Now the project is managed by someone who has more experience and there is a firm date of completion in March 2025. That is only 16 months away.
 
Blixtein said:
This store is completely inconsequential to Apple. Pretty sure that’s not the case with Mizrahi though. That said, it’s still possible that Apple might return to this location.
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How can it be both inconsequential and require massive accommodating modifications? If it were inconsequential, Apple would have opened another store by now somewhere nearby.
 
Lenser said:
Nope - it's Mizrahi's loss. Need I remind you that Apple is a zillion dollar company? They have plenty of options. Their retail fortunes are hardly reliant on a single potential location in a single city in the North American market. The way I expect it went, Apple was willing to go along with their original plans until it became apparent that it would be foolish to passively stick around. But to evandyk's point, this withdrawal may also amount to a calculated bargaining chip on Apple's part. I guess we'll see.

As it stands, the loss of prestige from having Apple pull out is no small thing. Having said that, I want to see this building get finished.
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I disagree. Apple is also company that makes and sells products to make money, so even if they are zillion dollar company. Greed is eternal (Rule of Acquisition #10)...so if they have no store here, they're not making more money. Therefore, making it Apple's loss...

That said, I am willing to entertain...
vinny_the_hack said:
This is a loss for both Mizrahi, and Apple. It's doubtful that Apple will find a venue as suitable as The One anytime soon. The loss to Mizrahi is obvious. However, we can't say how much potential lost business either enterprise will suffer.
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...because for me as well, the elephant in the room here is the reckless and dodgy way Mizrahi was financing this project caused the chickens to come home roost sooner than anyone was expecting or liked. So I least like to acknowledge Mizrahi's part in this which caused the loss of confidence with Apple, so he certainly had his part to blame in this. Or we wouldn't be having this argument if this wasn't the case.

But I think we can agree it would be in Apple's best interest to pursue this space again, now that the dust is settling a bit on this, IMO. So let's hope they do so.
 
UtakataNoAnnex said:
...because for me as well, the elephant in the room here is the reckless and dodgy way Mizrahi was financing this project caused the chickens to come home roost sooner than anyone was expecting or liked. So I least like to acknowledge Mizrahi's part in this which caused the loss of confidence with Apple, so he certainly had his part to blame in this. Or we wouldn't be having this argument if this wasn't the case.
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I'm not arguing about blame. Just sayin' IMO, both sides lose to some extent.
 
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