hello, ive been following these blogs for months and find it very interesting. I think Toronto needs a building like 1BE. If it was launched 2 or 3 years ago, it would have been built (under construction), the market has changed drastically, its a very different industry now. In my humble opinon, i dont think this one is going to make it, unfortunatly I cant say why, and once again its just my opinon, which would be a shame, because it truly would be a spectacular tower. there are many condos in pre-sales that will be cancelling this quarter and next, the bank requirements have changed. Buildings that have recieved finanacing are now having the banks pull out and ask for more money, which means more sales to achieve, which is really hard right now. the sad part of all this, is this industry will never recover until consumers have confidence in the markets again. Which is tough when we have 24/7 media that is always telling us bad news. Ever since 1BE launched, everyone wanted them to fail, instead of everyone looking at what a difference a tower like this could do to our city, rank us as a World Class City, that we have something beautiful, instead of all them boring precast box buildings. Just some thoughts, sorry if i bored you with my rant and rave, but some of these posts are very interesting.
