$775 per square foot sounds about right. Four Seasons was $1k+ but I doubt this building will have the prestige of a Four Seasons. It's biggest selling point will be location rather than style. My guess is that Great Gulf tries to make it as cheap as possible so as to cash in strictly on the...
How about multi-floored retail in the form of a Saks Fifth Avenue or Neiman Marcus. We need another high end department store in Toronto. Holts alone will not cut it. This area would be perfect for it.
What happens to all of the real estate agents that recommended this property to their clients? Hopefully they forego the commission. No reason they should profit from this mess.
What a disaster. I feel sorry for those who purchased. Perhaps the hype that was created in late 2007 was unsustainable one way or another. It shouldn't be allowed to go up as 68 stories when its best feature is its height at 80 stories. Condo owners will lose their shirts. These suites...