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

AdamS said:
I'm pretty sure most forum readers aren't particularly interested in the ethics or virtues of the Canadian real estate business. Nor do they worry about vacant suites or cashflow models on development proformas.
They come to view the progress of cool and unique buildings as well as learn insightful knowledge from industry experts. I am making this assumption based on the fact that the majority of reaction scores stem from photos and not people's general opinions.
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Umm, okay.
 
How likely do you think that Apple returns to this space?

Perhaps they are waiting to re-negotiate or wait until there is more clarity when this project will be retail tenant-ready.
 
Part 2 of 2 taken on November 5, 2023:

Yonge and Bloor (aka the Golden Corner or the Champagne Corner):

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Yonge Side:

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Here's a sneak peek at Nintendo Toronto:

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Cryptopreneur said:
It's funny how the elephant in the room is being completely ignored still. Like nothing happened.

This building lost its glory. It's just another ugly tall building that will have a lot of empty suites. It will be cheaply made moving forward to keep losses down. Nobody takes a building seriously when the foundations it's built upon is fraud.

But, it's okay bro! Yonge and Bloor! Toronto! We the NORTH!!!!

But what do I know right? My posts in this thread from 2021 saying Apple will back out didn't turn out true at all, right?

With that said, I gotta give credit where it's due... this building is truly symbolic of Canadian real estate. Fraud, money laundering, drug trafficking money, being thrown around into our Countries developments. Politicians making behind the door deals with crooked developers. But hey, it's Canada. What else can you expect.
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You do know that one bloor east also switched developers midway through as well along with multiple other projects that have been completed in Toronto and to my knowledge we're not done cheaply when the new contractor took over
 
AdamS said:
I'm pretty sure most forum readers aren't particularly interested in the ethics or virtues of the Canadian real estate business. Nor do they worry about vacant suites or cashflow models on development proformas.
They come to view the progress of cool and unique buildings as well as learn insightful knowledge from industry experts. I am making this assumption based on the fact that the majority of reaction scores stem from photos and not people's general opinions.
Click to expand...
True only to some extent. There are lots of investors or investment-minded users on this site with a desire to better understand the real estate market. Accounting is even listed as one of the most dry/ boring professions out there by actual studies. A few select people truly enjoy it and financial statements. Of course, you will not get as many likes on a post discussing financials as you would get on an architecturally related post/pic. We are visual creatures with an eye for design. We are chasing the next dopamine-inducing photo. But even that gets old pretty quickly. If a post has substance and is making an interesting financial or engineering point or otherwise, it adds so much more value to the forum. I would argue serious/proffesional posts are the basis and set the stage for the more 'fun' posts/photography. Even architects themselves find the profession/real-world design process is way more monotonous than they envisioned in school. So appreciate everything and prepare for the big orgasmic finish where concrete shoots out and pours on one more floor. Which incidentally happens about once a week here. That seems like a healthy release rate 😁
 
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Mercenary said:
Now that someone with more experience is managing this building....the work will become faster....as the new PM won't buy their excuses of being late.

If they go at a pace of 1 floor a week. They have 50 floors to go so the building could top out by November 2024 and open 4 months later in March 2025.
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I don’t think that is the reason they seem to be moving faster now though I agree it might streamline and optimize the operations even further. They were doing a regular floor every 6-8 working days and now the fact that they are not doing the rebar heavy lateral walls should shave off a day or two and will probably see 4-6 day cycles depending on the weather.
 
FiveSigma said:
How likely do you think that Apple returns to this space?

Perhaps they are waiting to re-negotiate or wait until there is more clarity when this project will be retail tenant-ready.
Click to expand...
For their global flagships they like either historic restorations or ground up designs by their favourite architect (F+P). At this point they’re not going to get either any quicker than moving into this space in two years…
 
AdamS said:
I'm pretty sure most forum readers aren't particularly interested in the ethics or virtues of the Canadian real estate business. Nor do they worry about vacant suites or cashflow models on development proformas.
They come to view the progress of cool and unique buildings as well as learn insightful knowledge from industry experts. I am making this assumption based on the fact that the majority of reaction scores stem from photos and not people's general opinions.
Click to expand...
...the occasional well placed quip also generates a lot of hits at times. <3
 
There's a very strong legal (and engineering) case to be made that the design requirements Apple introduced included a substantial amount of risk, resulting in the increased cost &/or schedule overruns - and that backing out of their occupancy would be skirting much of the financial burden that they helped incur.

I have no doubt once this is fully realized, that Apple will occupy the space, and a lengthy settlement case will ensue.
 
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FastidiousHack said:
There's a very strong legal (and engineering) case to be made that the design requirements Apple introduced included a substantial amount of risk, resulting in the increased cost &/or schedule overruns - and that backing out of their occupancy would be skirting much of the financial burden that they helped incur.

I have no doubt once this is fully realized, that Apple will occupy the space, and a lengthy settlement case will ensue.
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I wouldn't assume there's any legal case.

It all depends on the language of the contract between Apple and Mizrahi, which none of us have seen, but it already seems to have allowed Apple to break the lease.

Whether they still occupy as a practical matter is a different question.
 
I think it's disappointing that the only use people can think of for that space is an Apple store. I think it says a lot about the retail landscape (there is almost no mid-market retailers who imagine their retail spaces as places for experiences) and the current cultural landscape of Toronto.
 
UpwithOlives said:
For their global flagships they like either historic restorations or ground up designs by their favourite architect (F+P). At this point they’re not going to get either any quicker than moving into this space in two years…
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Lol in two years? More like another 3-4 years
 
Parkdalian said:
I think it's disappointing that the only use people can think of for that space is an Apple store. I think it says a lot about the retail landscape (there is almost no mid-market retailers who imagine their retail spaces as places for experiences) and the current cultural landscape of Toronto.
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Not unique to Toronto...
 
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