Toronto One Bloor West | 308.6m | 85s | Tridel | Foster + Partners

Photos taken yesterday, Friday (May 31). Good to meet fellow UT contributor kotsy also taking snaps of 1 Bloor! With all the photos posted here, surprising I don't bump into more UT photographers! Friday, at the top of the tower, the forms are where they were a week ago, with the third mechanical section still being worked on, levels 57 and 58. Read in that report above something about level 62 being the first level that might change depending on if the tower goes to 85 or 91 levels... They are pretty close to that now. The blue corner forms are also where they were last week, at the top of the last-installed hanger section. They can't move up until the next hangers are placed, and that won't happen until the top forms move past the third mechanical section.

Meanwhile, the black Rail Climbing Systems (RCSs) are installing the skin of the building rapidly now, moving up multiple floors since last week in some cases. The east, north and west RCSs were at levels 27, 27 and 25 last week, respectively. This week, they are at levels 29, 28 and 27. And as a result we are quickly getting the true look of the tower emerging.

Starting with my usual "time-lapse" Flickr album addition, showing the near-weekly progress of the rise of the tower since October 2020, then to views from the south, Yonge and Alexander, then from around Yonge and Charles. The crane with shadows, and a view of the east face from below. Next, the view from Bloor west of Balmuto in front of Holt Renfrew, and a silhouette shot with 1 Bloor E reflecting. Some near-diagonal views from Cumberland east of Bay, and a set from the NE area of Yonge and Bloor - the airplane passing overhead shot was taken while meeting kotsy. Finally, a shot from Bloor and Bedford, road construction crews on the westbound lanes. Pretty sure the "thumbs-up" was directed at the waiting line of traffic, now clear to pass. Finally, a shot from halfway down Devonshire.


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There is one storey on the web that the receiver will shortly take steps to post a ‘For Sale’ sign on this development. Have not had a chance to check the web site for the relevant postings in the court documents.
 
It would appear that we have completed the pour for the second level of the mechanical floor so we should be seeing them beginning to move mechanical fixtures into place before beginning forming for the next floor then I imagine we will see you pace pick up those sky grid may take abit to get up to speed that we are used to on the lower section
 
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Receiver to List Toronto’s The One for $1.2B



A court-appointed receiver plans to list Toronto’s massive debt-riddled the One condominium development project for $1.2 billion.


Alvarez & Marsal said in a Superior Court of Ontario (Commercial List) court filing that the 85-storey project’s senior secured creditors have required the receiver to set that asking price as a minimum bid threshold. The receiver said it could sell the entire project at this time or arrange for developers or others to complete the development and market the mixed-use tower’s residential units and commercial component.


There could be one transaction of a series of deals completed to achieve at least $1.2 billion in proceeds. The project is nearing the point at which decisions need to be made on existing condominium sales agreements and a hotel development deal that will affect part of the tower, the receiver added.


“Now is the appropriate time to market the project to solicit any and all potential forms of value maximizing transactions or investments that may be available in the market,” said Alvarez and Marsal in the report.


To help maximize the value, Alvarez & Marsal wants to reconfigure the building’s top floors, increasing the unit count to 503 from 415.


The receiver has selected JLL to market the project after selecting five finalists from among companies that submitted proposals. Alvarez & Marsales are preparing a solicitation and investment sales process (SISP) with the goal of securing a successful court-approved bid by October 14.


The recent court filing was the receiver’s second report. The latest plans come after Alvarez and Marsal appointed SKYGRiD Construction as the project’s general contractor and developer. Located at 1 Bloor Street, the 85-storey project is grappling with more than $1.2 billion in debt.


SKYGRiD replaced Sam Mizrahi, a local real estate developer who also co-owns the project.


Alvarez & Marsal plans to conduct the formal marketing and initial due diligence process in July and set a final bid deadline for September 24.
 
It's been quite a long time since I've been at Yonge and Bloor with my proper camera. Most images from Friday 31st. Bonus image from Riverdale Park.
It was also nice to run in/meet @jer1961! Keep those Friday updates coming 🥰

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It would appear that we have completed the pour for the second level of the mechanical floor so we should be seeing them beginning to move mechanical fixtures into place before beginning forming for the next floor then I imagine we will see you pace pick up those sky grid may take abit to get up to speed that we are used to on the lower section
They're still working on the forms for the walls and columns for 58. Once those are poured, the blue platforms should move up and the next set of hangers can be placed, and then yes, the pace should pick up again. The report says they should be at 62 by the end of June...
 

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