Therion
Senior Member
Grab some bonbons and get chewin', 'cuz that's a great view. What's going on in the west end there? Doesn't look like any building going on, and doesn't even look fully excavated.
Toronto Four Seasons Hotel and Private Residences Toronto | 203.9m | 52s | Lifetime | a—A
Grab some bonbons and get chewin', 'cuz that's a great view. What's going on in the west end there? Doesn't look like any building going on, and doesn't even look fully excavated.
urbandreamer
recession proof
Could this project be at risk thanks to owner Al-Waleed bin Talal's massive exposure to losses at Citigroup?
The gossip on the street is pretty bleak (re: Citi/Al-Waleed bin Talal)
http://zerohedge.blogspot.com/2009/03/creeping-equitization-of-citis-capital.html
The gossip on the street is pretty bleak (re: Citi/Al-Waleed bin Talal)
http://zerohedge.blogspot.com/2009/03/creeping-equitization-of-citis-capital.html
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lochlyn
New Member
Four Season at risk?....
A quite respectful realtor from Sotheby Realty says, during the interview from BNN, Four Season's condos have been 80% sold, among which, about 90% purchasers are actually toronto locals, from rosedale, forest hill and bayview...maybe people has under estimated the purchasing power of Torontians. Four Season's condo, excluding super luxury penhouse, priced from $1 million to $9 million, average about $3 million. To spending $3 million to buy a retirement house, which is about 5 years salary of most lawyer and investment bankers, doctors who working on Bay St, that's a quite modest expenditure.
A quite respectful realtor from Sotheby Realty says, during the interview from BNN, Four Season's condos have been 80% sold, among which, about 90% purchasers are actually toronto locals, from rosedale, forest hill and bayview...maybe people has under estimated the purchasing power of Torontians. Four Season's condo, excluding super luxury penhouse, priced from $1 million to $9 million, average about $3 million. To spending $3 million to buy a retirement house, which is about 5 years salary of most lawyer and investment bankers, doctors who working on Bay St, that's a quite modest expenditure.
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philofra
Active Member
Hopefully those purchasers wouldn't lose their capital in the interim and not be able to continue with their purchase.
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3Dementia
Senior Member
I'm sure we have all wanted to give certain self-indulgent forum members a slap at times... but have you ever reached the point that you are practising your best punch?
It's a shame that no-one noticed the departure of Billy Corgan. He founded UT, paid the bills for a number of years, but couldn't bear looking at it any more and left. No gold watch. Nuthin'.
It's a shame that no-one noticed the departure of Billy Corgan. He founded UT, paid the bills for a number of years, but couldn't bear looking at it any more and left. No gold watch. Nuthin'.
Spoonman
Active Member
Apparently spearheading the Smashing Pumpkins reunion is a full-time job!
urbandreamer
recession proof
10 March 2009 photo update
lordmandeep
Banned
doubt it this project has solid local money behind it.
Prehaps the most secure of the major landmark buildings being built now.
Prehaps the most secure of the major landmark buildings being built now.
philofra
Active Member
There is a third crane on the site.
RAC lll
New Member
Went by this morning and all dirt is now gone and they have poured concrete
across the entire site now. Lot's of activity at 7:30am!!
across the entire site now. Lot's of activity at 7:30am!!
ProjectEnd
Superstar
Today:
BermudaTO37
Active Member
Four Seasons at Risk??
Just adding my voice to this. The Prince ows Four Seasons as in he bought all the shares or is the largest shareholder. Their financing is not based on his money or what shares he owns in other companies.
Four Seasons is a viable company and is operating successfully. Highly doubt that him loosing money in the Citi deal will take him down. He has Billions and Billions in tangable assets.
Financing for this project would have been sorted out already, just as it is for the Shangri La and other structures. For a lender to pull financing now would put them in a worse position than before because some of the money would have already been drawn down.
Just adding my voice to this. The Prince ows Four Seasons as in he bought all the shares or is the largest shareholder. Their financing is not based on his money or what shares he owns in other companies.
Four Seasons is a viable company and is operating successfully. Highly doubt that him loosing money in the Citi deal will take him down. He has Billions and Billions in tangable assets.
Financing for this project would have been sorted out already, just as it is for the Shangri La and other structures. For a lender to pull financing now would put them in a worse position than before because some of the money would have already been drawn down.
Mike in TO
Senior Member
mtrcycl
New Member
This project is financed by the Harvard endowment fund.
taal
Senior Member
There are some really nice images of the courtyards to be built here:
http://www.claudecormier.com/project/four-seasons-hotel-and-residences-bay-yorkville/
I really hope all of the above is still a go! Particularly the fountain.
http://www.claudecormier.com/project/four-seasons-hotel-and-residences-bay-yorkville/
I really hope all of the above is still a go! Particularly the fountain.