adma
Superstar
Bazis and Young & Eligible go so well together. Bring out those stale Borat jokes, please...
Toronto eCondos | 195.67m | 58s | Bazis | Rosario Varacalli
- Thread starter buildup
- Start date
cdr108
Senior Member
UD2
Active Member
Bazis is untested in Toronto's waters. But their building designs have been nothing short of surperb. Even Crystal Blue, which by Bazis standards looks alittle dull but is still better than any Krikor concepted Tridel building that I have seen in recent days; and i won't even go into what Concord Adex is stacking up on their development sites.
I personally have nothing aginst the old 1 Bloor East design. Yes the podium is alittle boring, especially when compared to the artistic masterpiece that had replaced it. But I think the 1 Bloor East design, with some modifications, will fit in perfectly at Yonge and Eglinton (if they can modify the podium then it'll be even better).
One thing i have to say about Bazis is that the company doesn't seem like it's here to make a quick buck and then take the next flight out. They are investing in some of the most high profile projects in Toronto (infact all of their projects have been high profile) with the least prestigious location being Emerald Park, which in it self is saying alot as Emerald Park is pretty much on the most prime location in NYCC. So I'm pretty confidence that Bazis will put its heart and soul into the construction of their current projects for the purpose of building a solid brand.
All in all I’ll be very happy to see Bazis put up their next tower at this location. It can either be a modified version of the old 1 Bloor East or something else the Varacalli imagines out of his brilliant head. I’ll be fine with either.
However, I won’t even pretend to expect to see this within the next 10 years. If they’re proposing now, it’ll take them at least that long to finish the job.
I personally have nothing aginst the old 1 Bloor East design. Yes the podium is alittle boring, especially when compared to the artistic masterpiece that had replaced it. But I think the 1 Bloor East design, with some modifications, will fit in perfectly at Yonge and Eglinton (if they can modify the podium then it'll be even better).
One thing i have to say about Bazis is that the company doesn't seem like it's here to make a quick buck and then take the next flight out. They are investing in some of the most high profile projects in Toronto (infact all of their projects have been high profile) with the least prestigious location being Emerald Park, which in it self is saying alot as Emerald Park is pretty much on the most prime location in NYCC. So I'm pretty confidence that Bazis will put its heart and soul into the construction of their current projects for the purpose of building a solid brand.
All in all I’ll be very happy to see Bazis put up their next tower at this location. It can either be a modified version of the old 1 Bloor East or something else the Varacalli imagines out of his brilliant head. I’ll be fine with either.
However, I won’t even pretend to expect to see this within the next 10 years. If they’re proposing now, it’ll take them at least that long to finish the job.
CN Tower
Banned
This group has already proven themselves enitrely incapable of completing a high profile and complex development on their own in one instance and single highhandedly blighted the most important intersection in Canada for probably 2+ years. And please don't tell me that the market killed their deal. If they were a legitimate developer like the 1/2 dozen or more competent groups in town 1 Bloor East would have been delayed 6 months not 3.5 years.
In short it would be foolish for anyone- City, buyers, contractors, etc. to work with them here in my opinion. They are layers and layers over their head. If the City does approve a proposal from them at this really important corner they better take an extra large letter of credit security deposit to make them mop up their mess after their screw up again!
In short it would be foolish for anyone- City, buyers, contractors, etc. to work with them here in my opinion. They are layers and layers over their head. If the City does approve a proposal from them at this really important corner they better take an extra large letter of credit security deposit to make them mop up their mess after their screw up again!
Last edited:
WiddleBittyKitty
Felis catus
Somewhere in between UD2's hagiography and CN Tower's tirade lies the truth. Way to be at either end of the pendulum's swing, boys.
Automation Gallery
Superstar
Thats rubbish....Its going on 2 years with GG and finally we just might see ground breaking on One Bloor...Bazis have teamed up with a couple of other developers and built Crystal Blue, Emerald Park is under construction and Exhibit on Bloor is about to break ground, now they are proposing another mega-project for Yonge and Eglinton. Come-on, lets leave the past behind.
urbandreamer
recession proof
Maybe it's another Bazis/Pure Plaza joint venture?
unimaginative2
Senior Member
Sounds good to me! Prime spot for intensification. I hope Bazis comes up with a tolerable design.
CN Tower
Banned
Doubt it. IIRC Plaza basically bailed out Bazis on the Bloor and Sheppard projects and allowed them to stay on the deal to save face. But let's be honest here- Plazacorp. does not need Bazis. Why would they go into a new joint venture with a company that has a negative reputation in the industry? Might as well partner with Stinson!
GG knows that they are doing. Bazis has no clue.
Automation Gallery
Superstar
UD2
Active Member
that's interesting because I thought the old 1 Bloor East's dimise had to do with the the Lehman Brothers going bankrupt and market crash that followed.
Mongo
Senior Member
hawc
Senior Member
Hagiography ( /ˌhæɡiˈɒɡrəfi/) is the study of saints.
From the Greek (h)ağios (ἅγιος, "holy" or "saint") and graphēin (γράφειν, "to write"), it refers literally to writings on the subject of such holy people, and specifically to the biographies of ecclesiastical and secular leaders. The term hagiology, the study of hagiography, is also current in English, though less common. This, in fact, follows original Greek practice, where ἁγιογραφία refers to visual images of the saints, while their written lives (βίοι or vitæ) or the study thereof are known as ἁγιολογία.
In case anyone was wondering.
cdr108
Senior Member
true ... unfortunately Bazis' financing was tied to LB, and when LB went bankrupt, the money disappeared.
then the financial crisis ensued.
Bazis' problem afterwards had to due with their lack of experience/reputation in GTA/North America to garner further financing for such a large project which would have needed more than 1 financier.
Big Daddy
Senior Member
True, but hind sight is 20/20. Most of the financial institutions in north America - and the world - at that time were in shock and getting financing approved after connection to the LB fiasco would have been nearly impossible for anyone.