Toronto Pinnacle One Yonge | 351.85m | 106s | Pinnacle | Hariri Pontarini

DSCToronto said:
This is not a laneway - it will, eventually, be the continuation of Harbour Street - though how they will name it is unclear to me since they have already called its eastern end Downes Street.
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As far as I know it's going to be Harbour Street West of Yonge, Downes Street East of Yonge. Sorta like College and Carlton (although those were not originally a through street so those are more justified in having different names). Is that the best choice, idk, but that seems to be the current plan.
 
Back home from a Nordic sojourn. Happy Winter Solstice UT. A few warmish sunrise iPhone pics (followed by a couple of Rudolph pics from the Arctic Circle, Lapland). Happy Holidays to you all, UT. ❄️ 🦌 🎄

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Narrowing of glazing/cladding from here on in (see below)…

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Collingwoodbuildinglover said:
Do we know how sales have been going for this building and phase 3 at that given that they asked for more height on phase 3 it mustn't have been going that bad before the market crash
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My guess is not well. They have units listed on their website but my guess is they’re holding a ton back in hopes the market recovers. They haven’t even sold out The PJ and that was finished years ago now.

I asked if Pinnacle Lakeside was sold out recently and while they didn’t say it was sold out, they claim nothing is for sale despite having added floors post-acquisition from Greenland (and not put anything up for sale since).

I don’t expect shovels in the ground for phase 3 until closer to 2030 unless there is a drastic rebound in the market.
 
Diablo1983 said:
My guess is not well. They have units listed on their website but my guess is they’re holding a ton back in hopes the market recovers. They haven’t even sold out The PJ and that was finished years ago now.

I asked if Pinnacle Lakeside was sold out recently and while they didn’t say it was sold out, they claim nothing is for sale despite having added floors post-acquisition from Greenland (and not put anything up for sale since).

I don’t expect shovels in the ground for phase 3 until closer to 2030 unless there is a drastic rebound in the market.
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It's interesting how Pinnacle just builds them without seeming to have financing fully secured or worrying about buyers don't know of any other developers that would have the guts to do that
 
Collingwoodbuildinglover said:
It's interesting how Pinnacle just builds them without seeming to have financing fully secured or worrying about buyers don't know of any other developers that would have the guts to do that
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Pinnacle is a huge company which has built a lot of luxury residential and hotel projects in Toronto and Vancouver in their 40 years of existing, I am sure they have more than enough money to fully finance projects while holding back units to sell for larger profits at a later time
 
ciceror said:
Pinnacle is a huge company which has built a lot of luxury residential and hotel projects in Toronto and Vancouver in their 40 years of existing, I am sure they have more than enough money to fully finance projects while holding back units to sell for larger profits at a later time
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As far as I can tell, all but the monster unit on the 105th floor are for sale - no holding back of units.
 
Collingwoodbuildinglover said:
Do we know how sales have been going for this building and phase 3 at that given that they asked for more height on phase 3 it mustn't have been going that bad before the market crash
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It's been noted again and again in this thread that sales for Phase 3 have not started.

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