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

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416man said:
As what I know all payroll/administration staff assigned to the One Bloor job has been laid off and site supervisor has been fired as of friday 20th
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Either way, I can't vet if any of this true unless it comes from other sources outside of randos dropping all too juicy bits about this on the internets. No offense, there's too much misinformation and fakery going on out there before I can throw my lot in with this. And since this is pretty big news if true for a signature development, I'm sure it will be reported on elsewhere very soon.
 
And since this was brought up yesterday....

"As for the project Mizrahi is, arguably, best known for, The One, there’s still no word on whether or not there are any competitive bidders or prospective purchase agreements. We learned in late May that the project would be listed for sale, and that a minimum bid threshold was proposed to be set at $1.2 billion. The sales process was green-lit by the Ontario courts shortly after, with JLL selected to market and solicit offers, and a non-binding bid deadline slated for July 30."
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Source:

storeys.com

Mizrahi’s Stakes In Yorkville Luxury Condo, Vaughan Pre-Con Sold By Court Order

As of Friday, September 20, the Ontario courts have approved purchase agreements, on five counts, in respect of a luxury condo project at 128 Hazelton Avenue in Yorkville and a multi-tower development slated for 180 Steeles Avenue West in Vaughan. Both projects come from Sam Mizrahi — the...
storeys.com storeys.com

Dated yesterday. And nothing about Mizrahi buying back The One. Or the supposed Red Wedding that took place with Skygrid staff last Friday afternoon here.

h/o to Mr. @AlbertC for the cross linked article.
 
UtakataNoAnnex said:
And since this was brought up yesterday....



Source:

storeys.com

Mizrahi’s Stakes In Yorkville Luxury Condo, Vaughan Pre-Con Sold By Court Order

As of Friday, September 20, the Ontario courts have approved purchase agreements, on five counts, in respect of a luxury condo project at 128 Hazelton Avenue in Yorkville and a multi-tower development slated for 180 Steeles Avenue West in Vaughan. Both projects come from Sam Mizrahi — the...
storeys.com storeys.com

Dated yesterday. And nothing about Mizrahi buying back The One. Or the supposed Red Wedding that took place with Skygrid staff last Friday afternoon here.

h/o to Mr. @AlbertC for the cross linked article.
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Mizrahi is like a reverse Midas now - everything he touches turns to dirt. Maybe he should change his name to Sadim (Midas backwards). It’s not so far from Sam after all 😉
 
Rascacielo said:
Mizrahi is like a reverse Midas now - everything he touches turns to dirt. Maybe he should change his name to Sadim (Midas backwards). It’s not so far from Sam after all 😉
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While I agree that's true when it comes to financing here...but quite the opposite when it comes to his buildings. IMO. Very few developers are as passionate as he is with his dreams and love for quality...and demonstratively so. However, that didn't translate well into a sound funding narrative. And he played recklessly with shallow pockets even in that....

...I still believe you can both worlds here. That is, amazing building with sound financing. It was obvious that Mizrahi was found wanting with the latter. And to put that mildly. >.<

Edit/Erratum: I still believe you can have* both...proper.
 
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UtakataNoAnnex said:
While I agree that's true when it comes to financing here...but quite the opposite when it comes to his buildings. IMO. Very few developers are as passionate as he is with his dreams and love for quality...and demonstratively so. However, that didn't translate well into a sound funding narrative. And he played recklessly with shallow pockets even in that....

...I still believe you can both worlds here. That is, amazing building with sound financing. It was obvious that Mizrahi was found wanting with the latter. And to put that mildly. >.<
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Indeed, I didn’t mean his buildings are ugly. Hopefully his fate won’t deter other developers from building beautiful structures.
 
hawc said:
Is SkyGrid the builder?
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I believe they are the company brought in under the arrangement of the receivership to complete this tower while it's being sold off. Mizrahi is still the developer on record here...but not much else.
 
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