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The wedge between the railway and the Gardiner Expressway is not a neighborhood in my opinion, nor will it ever be. As far as investors buying into this GoLeafsGo! hype-machine, you hit the nail on the head- ignorant (and mostly out of town/country) investors may believe this to be a great...

As a long time investor, I take major issue with these kinds of rationalizations and believe that they will ultimately correct themselves. Higher stabilized cap rates in Toronto relative to Germany are a function of the higher cost of debt. Real estate is and has always been a highly leveraged...

Thank you Maestro, that is precisely the point that I was trying to convey.

Please take it any way you wish. To the extent that you or anyone actually cares what I say, I encourage you to seek out your own sources of information independently. I'm merely stating information that has been reported to me personally numerous times and that I believe to be extremely accurate.

No, I do not. This is information that I have been told by many industry insiders, included parties related to the developer. It is very old news as this project has been under development for about 4 years now so it should come as no surprise to anyone familiar with it.

This project (and most of Lakeshore) was marketed to buyer syndicates in Israel. Israel is a country in the middle east. I am merely suggesting that the bulk of this building will be owned by offshore investors. Nothing more.

No, not SJT, but another ultra-bland entry-level specuvestor-driven future rental building for sure. This stuff was marketed all over the middle east to buyer syndicates. Not exactly the makings of a stable neighborhood in my opinion.

Look at it this way- buy into the building at a big discount, budget something for litigation, and then decide if the final price roughly equates with a fair market value under normal circumstances. David Murvish built a wonderful tower. It is a crime that his good named was dragged through...

Bingo.

I'm suggesting that the buyers are not end-users. If there is an end user anywhere in this net zone, then I'd love to hear his/her thoughts.

Level 42, One would think not, but since I was questioned I responded.

Stated different, how about you name an area and I'll tell you whether or not I consider it to be a neighborhood.

I don't disagree that there is a market for buyers in this area, just that the price point appears astonishingly high for the area. This is not a neighborhood, and it never will be, as much as you want to portray at as such. Transit is a big positive, but again, how many people paying $500...

20,000 drunk and rabid fans don't typically file out of Holt Renfrew on a given wednesday evening. When the stadium isn't used for sports it's filled with concert go-oers. Don't misunderstand me, I think the ACC is a great venue and is a perfect location for an arena. But I can't imagine why...

Ultimately the value of the suites comes down to the quality of the building, the finishes and the location. In my opinion this is a B location as far as Toronto is concerned. To be fair, I would say that the BEST spot on Queens Quay would only be a B+/A- due to the many drawbacks of the area...

I'm referring more to non-416 GTA residents than actual tourists.

Come now! Let's be fair about it. The area residents are not jerks- just the out-of-area-code people who frequent it on the weekends.

Does anyone else think that the residential portion of the building looks incomplete? It appears to be lacking a proper facade. I think it needs some corner pillars or something. Is it just me? Overall I am very fond of this project both in terms of the quality of the design and its...

Nicely done! Our resident clown prince on display for the world to behold!

Miami has about 1/3 of the supply that Toronto has and probably 10x the amount of seasonal tourism so I doubt that the unsold inventory will fall into much disrepair. The only development that I refererred to as a future slum was the subject of front page news recently so clearly my opinions...