RezBoy
New Member
By the time they complete this condo/hotel in 2011, the economy (hopefully) has recovered at least partially. This is in a good location plus the brand name is well known so prices should hold up well if they do it right.
Toronto Living Shangri-La Toronto | 214.57m | 66s | Westbank | James Cheng
urbandreamer
recession proof
^The Vancouver Shangri-La is very tacky inside, and the cafe at the base is filled with tacky looking people. I wonder if Toronto's version gets similar clientele?
41stfloor
Active Member
I do continuously. I stand by my statement. If I'm wrong, I'll buy some of maestro's ice.
ProjectEnd
Superstar
Walking by today I peered into the pit to discover that they are constructing the crane footing now. The hole is on the south-east side of the site. Crews are still hammering through the bedrock but it is already around ten feet deep.
Perhaps if all goes well we will have another crane next week!
Perhaps if all goes well we will have another crane next week!
Ramako
Moderator
For some reason I had thought that the tower would be on the north west side of the site. I'm glad that it's not.
yyzer
Senior Member
Very good news, ProjectEnd!
CityPlaceN1
Senior Member
This one has financing so it should be clear sailing.
emacs
Active Member
the economy will recover. it did so during after the recessions in the 1990s, 1980s, 1970s, 1960s, et cetera. recessions are cyclical events that seems occur every decade or so.
philofra
Active Member
The fundamentals in those recessions were not as undermined as they are in this one, like those in finance. So probably this recession will last longer and be deeper.
drummer
New Member
So...what do you guys think...how long before this hits the street level with construction?
By the end of this year?
By the end of this year?
UrbanAffair
Senior Member
Im gonna guess december or Jan '10
Automation Gallery
Superstar
If it can match the pace of the Four Seasons, i would say October/November.
41stfloor
Active Member
It will be interesting to see if it can match that pace. I believe that this excavation is deeper with more levels of parking.
panther5125
New Member
Lol
i remember somewhere in this tread said the excavation was going faster then the fourseasons. Excavtion will be completed next week this 8 level underground wont be finished until nov 09 any bets?
i remember somewhere in this tread said the excavation was going faster then the fourseasons. Excavtion will be completed next week this 8 level underground wont be finished until nov 09 any bets?
whatever
Senior Member
It's going to take a lot longer than a week to finish that excavation. Once they start removing the ramp they'll need to start flying the dirt out with the crane, which will be a much slower process than just loading dump trucks and driving them out.
Plus at the same time that crane will be trying to unload concrete, rebar, etc, so I could see it taking another month or so before the excavation is really finished.
Plus at the same time that crane will be trying to unload concrete, rebar, etc, so I could see it taking another month or so before the excavation is really finished.