Toronto Cinema Tower | 142.64m | 43s | Daniels | Kirkor Architects

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All east shoring is in place and moving along the north end now.
 
I don't understand how this is under construction - it's still in the registration phase, I thought we didn't do this sort of thing in Toronto! I know pinnacle center did for one of the buildings - and it was put on hold!
 
Maybe they are doing some soil examination.
Unless they have some really innovative or blockbuster of a development, in this slowing market I'd doubt that they will fulfill their goals.

Looks like the site takes up some Adelaide Street frontage, I hope this will be a nice building.
 
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neuhaus said:
Maybe they are doing some soil examination.
Unless they have some really innovative or blockbuster of a development, in this slowing market I'd doubt that they will fulfill their goals.
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Right, that's what I thought at first but the sign says they're already under construction.
 
Automation Gallery said:
Seems like condos (no matter what design or quality) being sold in this entertainment district are selling like hotcakes.:confused:
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I dunno, I don't think so - while I hate to say this, UD post above does make some sense ... it's pretty aggressive though - I think we can rest assured this development does not have anywhere near 70% yet - it's still in registration!
 
They are doing the same with Limelight in MCC....
 
Daniels has done, at least, two condo-townhouse projects in the burbs on 100% spec basis. Targeted at first time homebuyers they do not even put these projects "FirstHome" on sale until the buildings are 100% complete....doubt they would be that aggressive with a downtown condo tower but it shows that they think outside the box in terms of pre-sales and that they have lender support in doing so.


http://www.danielsfirsthome.ca/home.html
 
TOareaFan said:
Daniels has done, at least, two condo-townhouse projects in the burbs on 100% spec basis. Targeted at first time homebuyers they do not even put these projects "FirstHome" on sale until the buildings are 100% complete....doubt they would be that aggressive with a downtown condo tower but it shows that they think outside the box in terms of pre-sales and that they have lender support in doing so.


http://www.danielsfirsthome.ca/home.html
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The Mississauga Erin Mills phase 1 (150 units or so) location sold out in a matter of hours, I suspect phase 2 will be the same.
 
Jasonzed said:
The Mississauga Erin Mills phase 1 (150 units or so) location sold out in a matter of hours, I suspect phase 2 will be the same.
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we are getting a bit off topic here but one of the savings is in the sales centre/effort itself. The houses are built and finished so people are viewing a finished product and buy what is there. Like I said, I doubt that is what they are/would do with a downtown tower (a bit risky to spec that market) but it shows a more aggressive/creative side than most (on behalf of Daniels and their lenders).
 
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