rbt
Senior Member
I'm of the understanding the primary reason the formerly named trump building got a floor reduction was slow unit sales.
At the time they claimed it was due to mechanical design issues, but it was selling very slowly compared to Four Seasons and Shangri-La. The OMB dispute was from Bank of Nova Scotia and likely wouldn't have changed much.
Trump lops 13 floors from luxury T.O. condo
Trump International Hotel and Tower – a five-star, $500-million project at Bay and Adelaide – will now be just 57 storeys.
www.thestar.com
Either way, it wasn't city council.
The city was generally in favour of the original 275.5m One Bloor East proposal too (issues with quality of design, not the scale). When Great Gulf bought the land from the Bazis, they chose a lower height for financial reasons (it was near the limit of their capability to finance). It's notable that Great Gulf has gone nearly 10 years before trying another of the same scale (73 floor Forma).
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