Red Mars
Senior Member
Aug 20, 2019
Toronto Forma | 308m | 84s | Great Gulf | Gehry Partners
- Thread starter golodhendil
- Start date
TheSix
Active Member
The "FOR LEASE" sign is interesting.
Start Fox
Active Member
I believe that building is not part of Mirvish+Gehry, so the "for lease" sign doesn't mean anything.
On the other hand, the buildings further east (the ones that will have to be torn down for the Mirvish+Gehry building) have signs up advertising "short term leasing available" (they might even say "pop-ups welcome" if I recall correctly). So I'll take that as a good sign.
On the other hand, the buildings further east (the ones that will have to be torn down for the Mirvish+Gehry building) have signs up advertising "short term leasing available" (they might even say "pop-ups welcome" if I recall correctly). So I'll take that as a good sign.
westtoeast
Active Member
Since this got bumped..on the latest Dream conference call an analyst asked about when Dream's next round of condo sales would be launched. The CEO mentioned that the next 'for sale' building they have would be Mirvish and it would be within 1-2 years. Not particularly helpful, but should provide a bit of realism to any of us that were hoping for sales this fall.
He also mentioned that 31R Parliament would be rental.
He also mentioned that 31R Parliament would be rental.
travis3000
Active Member
Sales should start in fall 2020 or early 2021, construction to begin in the late half of 2021 or early 2022 , completion around 2026-2027. Still a long ways to go.
SkyCloudJC
New Member
For a project of this significance and magnitude, I expect a 5 to 7 years construction
buildup
Senior Member
It sounds like Sales will start in 2022, 10 years after its announcement. If a market slowdown occurred could a project like this really proceed given its size? While units might be small I assume the per/sq foot qualify as luxury given the quality. Someone mentioned Scollard sales are slow, also high-end.
Lenser
Senior Member
Great question! History is littered with spectacular buildings that were never realized, owing to significant changes of economic and/or political fortune.
AHK
Senior Member
Perhaps one should consider this project from a slightly different perspective?
1. Location
2. Location
3. Location
The main variable would be - given these three golden rules of real estate - how quickly the units sell.
Lenser
Senior Member
Cool. Hope you're right! You likely are. We're just in weird times right now. Lots of cross-chatter in the media about recession, trade wars, Brexit, frigid relations with China, the Orange One, etc.
AlvinofDiaspar
Moderator
buildup
Senior Member
And, hopefully the DRL which would probably have an underground link into it . Or ought to.
The only explanation for delay i can think of is Mirvish wasn't really advancing the project behind the scenes when he was seeking a buyer.
The only explanation for delay i can think of is Mirvish wasn't really advancing the project behind the scenes when he was seeking a buyer.
Lenser
Senior Member
The DRL. When you get down to it, that thing is pure smoke and mirrors, is it not? Just another transit project that Toronto likes to talk about.
Anyway, I really want to see these towers go up. It just feels an awfully long ways off yet.
Anyway, I really want to see these towers go up. It just feels an awfully long ways off yet.
Why would two condos on King need an underground connection to a new line on Queen? I'd be surprised if they even connected to St Andrews.
rbt
Senior Member
The TTC version was starting to issue tenders for bits necessary for construction (TBMs and utility moves).
The Metrolinx/Ford version, which ordered the above work to cease immediately, doesn't know which street it'll run along yet.