News   Jul 12, 2024
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    It can take a very long time but if they waited until full approvals were in place then they would lose millions in interest alone, so developers stage things. Some even start selling the units before the building is approved conditional on an approval being obtained. It's all about moving as...
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    To be clear, what is happening on this site is snail pace compared to the original schedule. Any developer in a rush and having made promises to deliver an 80+ story building by end of 2018 would be doing a lot more on this site by now. By the way that deadline is now impossible to achieve...
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    You are correct about his new proposed project. I attended the community meeting. A nice looking building. Regarding why he would propose a new project when he is facing financial problems at Yonge and Bloor, if you owned the properties, 126 Hazelton and 128 Hazelton, and had already started...
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    Sorry to be the bearer of bad news. Of course, something will eventually be built on these lands. But given what has transpired in the past year, I am confident it will not be what we have been shown. It may not even be a building by Mizrahi if he manages to sell it, or if he defaults on his...
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    You are absolutely correct. That's what they are doing there and although very interesting it is very difficault. There is really no other choice for them when they want to maintain the existing structure above. However, It's not cheap and not easy. But then again as someone else pointed...
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    More than one way to skin a cat. http://personal.cityu.edu.hk/~bswmwong/contents/ebook/construction_technology/2b.pdf http://www.skylinesteel.com/File%20Library/Brochures/PA_Top-Down.pdf
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    Ask any structural engineer and excavation company and they will tell you this method is not going to work on this site and will end up costing more money than the savings of time and interest on the borrowed money. All of a sudden you need to raise the ceiling height of all basement levels so...
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    Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

    You are 100% correct. This is just a marketing tactic. Mizrahi uses greenery to soften the looks of his buildings and sell them to people. My friends bought at 133 Hazelton and got a tour of the presentation gallery from Mr. Mizrahi himself. Amongst other false promises he made to them, he...

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