Toronto Pinnacle One Yonge South Block | 296m | 85s | Pinnacle | Hariri Pontarini

[ushahid]

Reminds me a bit of the Clown Towers of Mecca

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It is GRAND. the size of that clock tower complex is crazy. i stood in front of it looked up at it and i had goosebumps.

 

[Strange Advance]

There aren't 2400 people or families who want this kind of thing, regardless of the unit sizes. Bar none. Especially when someone who has a family can get a full house in Toronto for cheaper. The investor market fueled a lot of building starts [and hyperinflated PSFs which wont be coming down] and now that that's [rightly] evaporated, this kind of thing won't be happening for many, many years.

There certainly are people who would much rather live in downtown Toronto, in a skyscraper, with a nice southern view of the lake, than in a suburban SFH, but 400-500 sq. ft. is barely enough room for one person, much less two or more people, and unrealistic PSFs must come down for this to have a chance. The HST waiver on new housing might bring the market back to life.

 

[ProjectEnd]

There certainly are people who would much rather live in downtown Toronto, in a skyscraper, with a nice southern view of the lake, than in a suburban SFH, but 400-500 sq. ft. is barely enough room for one person, much less two or more people, and unrealistic PSFs must come down for this to have a chance. The HST waiver on new housing might bring the market back to life.

There are some but it's a very small pool and, as you note, they're not paying the PSFs required to get this thing built. The recent HST and DC measures might help a bit, but they're not jump starting anything in the high-rise Toronto market. It's deader than dead for a good, long, time.

 

[ComptoirGeneral]

One Yonge is Toronto’s most famous address. Why residents say developers’ plaza plans for it are underwhelming​

One Yonge is Toronto’s most famous address. Why residents say developers’ plaza plans for it are underwhelming

Pedestrian area planned for Pinnacle’s towers at 1 Yonge St. doesn’t reflect importance of the area where Yonge meets the lake, critics say.

www.thestar.com

Excerpt (paywall):




Render:

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Seems like such a waste to build an iconic waterfront tower like SkyTower only to cover most of it (and the unit views) with something shorter and unremarkable.