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I don't know if I'm the only one, but I'm sure I'm not in the majority. Still, doesn't it just give you mid 90s office vibes?

Well.... without the scaffolding, likely yes. I hate to say it, but while unique...... this is a pretty ugly building. I do not think it's going to age well.

Maybe they should incorporate some brass poles in the lobby of the new reception.... it could definitely be a nod to the heritage of the site.

I wonder if there's financial trouble with Westbank that's slowing the overall completion. I think there were some bankruptcy rumors, and I see they just sold off their final stake in the Deloitte Summit & Toronto House. Maybe that injection of capital will speed things up here?

So I was looking for updates on this site, and what do you know, it turns out the Brass Rail (or at least the building) is now part of our rich heritage in Toronto: Notice of Passing of Designation By-law 112-2024 - 699 and 707 Yonge Street 😂

Difficulties In China Force Aoyuan To Sell Projects In Vancouver, Toronto

That rendering was from the previous and now defunct developer. I imagine we'll be seeing Markee's renderings soon though.

Such a beautiful facade!!! 😂

I wonder how they'll deal with the heritage building on site. It's sort of right in the middle and hard to work around, not to mention it's in a state of disrepair.

Here's some reading material to go along with the article.

Even if you believe in infinite realities, none of them would contain a scenario where the developers willingly tear this building down to put up something "better". EDIT: I'll also add, with a name like "Cryptopreneur", who would ever think they were trolling?!

I think it's an open secret in the industry at this point and that's all I'll say since there's apparently a lot of NDAs signed.

It sold finally? Any details available?

Does anyone have any info on Winnet? They look like a shell company.

You can have passion about quality and sound financing. But you forgot a very important trait that Sam was lacking -- COMPETENCE.

Well, if it hasn't sold yet at $6,999,999 then I'm struggling to see why it is now listed (simultaneously I might add) at $29,500,000. Wonder what the strategy and thinking is here.

I think we all know the answer to that.

It doesn't look like the builder bankrupt the project, but it does look like they sold the land and phase 2/3 was subsequently cancelled (judging by an earlier post). As I understand it, everything such as parks, community centres, libraries, parks, etc. are tied to the site plan approvals with...

I mean, they can be as inflexible as they want with the sale price. But no one is under any obligation to purchase the site. And make no mistake, no one is going to make it out of this mess unscathed. No one who provided capital is getting fully paid off on this project. KEB Hana is going to...

Sorry if I wasn't clear. It's basically algebra to determine what the purchase price needs to be: Cost to complete (A) + purchase price of project in its current state (B) + profit margin (C) = total projected revenue (D) You can realistically create projections for A, C, and D. So just...