Toronto Forma | 308m | 84s | Great Gulf | Gehry Partners

[AlvinofDiaspar]

I guess they can call this the "dancing unit".

AoD

 

[stevedean]

Someone on reddit posted about the unit they bought and their regrets. Guy paid $2000/sqft:

https://www.reddit.com/r/TorontoRealEstate/comments/1hgovxv/preconstruction_investment_regret_in_king_west

And then people here just assume that the 2nd building will be built because "Gehry and Co" will push it through lol
View attachment 620532

And if you look on the right side floorplan, I doubt unit 14 is much better... look how tiny units 8, 9, and 10 are...

 

[C-mac]

I don't really understand the guys post to be honest. He would have known it was that small before he purchased it so he blaming himself?

 

[Isotack]

I don't really understand the guys post to be honest. He would have known it was that small before he purchased it so he blaming himself?

Nope...millennial with finance background blaming the agent, because he told him that interest rates would remain stable.

 

[UrbanOzz]

Nope...millennial with finance background blaming the agent, because he told him that interest rates would remain stable.

imagine having a finance background and listening to your realtor saying interest rates would remain stable? this guy needs to accept he took a risk at a time when people believed there was no risk in real estate.

 

[stevedean]

imagine having a finance background and listening to your realtor saying interest rates would remain stable? this guy needs to accept he took a risk at a time when people believed there was no risk in real estate.

People get caught up in hype - and the idea of making a quick buck...

I think the broader point here is that selling 80% of Tower 2 is not a guarantee right now - especially if the units are similar sized and priced at nearly $2000/sqft. The average for resale condos is somewhere around $1100-1200/sqft right now (depending on the building/area).

 

[Milaisacat]

The guy's post includes this gem: It isn’t like other buildings because Frank Gehry is a world-renowned architect and has an impeccable reputation for building lasting buildings.

Impeccable reputation for building lasting buildings? Frank Gehry buildings are famous for leaking. Way back in 2007 he was defending his damaged reputation after MIT sued because his building leaked like a sieve. https://www.theguardian.com/world/2...Gehry's firm,mould sprouted on exterior brick.

 

[junctionist]

The guy's post includes this gem: It isn’t like other buildings because Frank Gehry is a world-renowned architect and has an impeccable reputation for building lasting buildings.

Impeccable reputation for building lasting buildings? Frank Gehry buildings are famous for leaking. Way back in 2007 he was defending his damaged reputation after MIT sued because his building leaked like a sieve. https://www.theguardian.com/world/2007/nov/06/architecture.internationaleducationnews#:~:text=The university paid Gehry's firm,mould sprouted on exterior brick.

When a party sues for construction defects, they'll often sue everyone involved in the project, include the architect. The reason is that it's often unclear where the blame lies at the outset of the process. It's not enough to say that because an architect was sued for a particular project, their work is flawed. That's just how the litigation process works.

Moreover, this skyscraper project is a lot simpler than Gehry's institutional work like the Strata Centre at MIT. The tower designs are somewhat unconventional but not in ways that would necessarily make the buildings more prone to leaking.

 

[kotsy]

 

[rdaner]

Great images as always. I believe that we are seeing the top level of the OCAD section.

 

[ImmenselyMental]

A couple of photos from lunchtime yesterday:

 

[ImmenselyMental]

From earlier this afternoon:

 

[its_Caffeine]

I cant even call this an investor shoe box.

This is almost akin to living in a condo hallway and calling it a "unit". What kind of non-sense is this?

Condo shoeboxes are pretty much the product of housing supply being so constrained and asininely over-regulated that investors seek to maximize returns by whatever means possible. I have sincere doubts you would see condos of this size with this price tag if zoning were deregulated across the board.

The thing is, people buy these things. The demand is there because we have made it impossible to build and expand, both vertically and through sprawl. That means tighter living spaces for everyone.

 

[GenerationLee]

WHERE IS THE BED?

I feel like I'm taking crazy pills.

I'm 99% sure its a pullout symbol at the top of the diagram...this unit reads as a crashpad/hotel room after working all day.

 

[UtakataNoAnnex]

Condo shoeboxes are pretty much the product of housing supply being so constrained and asininely over-regulated that investors seek to maximize returns by whatever means possible. I have sincere doubts you would see condos of this size with this price tag if zoning were deregulated across the board.

The thing is, people buy these things. The demand is there because we have made it impossible to build and expand, both vertically and through sprawl. That means tighter living spaces for everyone.

...deregulation would likely cause it's own problems, like towers more prone to collapsing unintentionally upon sleeping residents. So let's not go there. >.<