East Harbour \'1B\' Office Tower | 218.55m | 44s | Cadillac Fairview | KPF

DavidCapizzano

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SPA docs for the first building are up


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Northern Light

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This one is an office building, 1.2M ft2, 49s

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From the above, some of the materials: (legend below)

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Site Plan for this portion of the site:

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Building Stats:

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From the Cover Letter:

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Landscape Plan:

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Notes on the above:

Soil Volume per tree is decent at 38m3

Silva Cells to be used for all trees in hardscape envrionments

Mix of native and non-native plants

Principal paving material is unit pavers made of a variety of materials

@interchange42 we now have a block level, building 1B here, just noting that in case you want to start hiving off threads.
 
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HousingNowTO

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i would not want to work here. you're hemmed in by highways, stroads and car dealerships/empty lots. nothing is within close walking distance
...Block-1 sites are always like that until the rest of the Blocks are filled-in.

The local access will change with the addition of the Station and the Broadview Streetcar extension.
 

ProjectEnd

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I mean, Cad Fairview did the 879k of space in 16 York on spec, so it's not unheard of for them. That said, different tenant market, different office sub-market, WFH/Covid not yet a thing...different days.
 
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rbt

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1.2Mft2, on Spec? in Toronto?

Perhaps not on spec, but I could see them taking a non-trivial loss on the first building (on the first round of leases, under NDA of course). They have a 2 billion dollar incentive to have a structuer and customers in place very quickly after East Harbour GO station opens. If the area looks like a dud, potential customers might look at alternative locations (various Oxford proposals for example) instead of taking a risk that they can keep employees at a location which doesn't have much and is a construction zone.

Their weapon is excitement over what the area could be rather than what it is, and that only works for a little while.
 

innsertnamehere

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Perhaps not on spec, but I could see them taking a non-trivial loss on the first building (on the first round of leases, under NDA of course). They have a 2 billion dollar incentive to have a structuer and customers in place very quickly after East Harbour GO station opens. If the area looks like a dud, potential customers might look at alternative locations (various Oxford proposals for example) instead of taking a risk that they can keep employees at a location which doesn't have much and is a construction zone.

Their weapon is excitement over what the area could be rather than what it is, and that only works for a little while.
the amount of upfront capital required on this site just to get it ready for development is insane - not only the insane initial purchase price of $690 million, but the hundreds of millions of initial capital needed for remediation, new roads, the transit station, etc. - there is no way CF turns a profit on their first building, it will simply stem the bleeding coming out of this site right now with its massive mortgage and the financing of upfront infrastructure costs.
 

Lenser

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Perhaps not on spec, but I could see them taking a non-trivial loss on the first building (on the first round of leases, under NDA of course). They have a 2 billion dollar incentive to have a structuer and customers in place very quickly after East Harbour GO station opens. If the area looks like a dud, potential customers might look at alternative locations (various Oxford proposals for example) instead of taking a risk that they can keep employees at a location which doesn't have much and is a construction zone.

Their weapon is excitement over what the area could be rather than what it is, and that only works for a little while.
Can't really seeing the area becoming a dud - that's what it is already - a huge chunk of land largely sitting fallow. It's so close to the core, it should be a no-brainer to make this a vital part of the city.
 

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