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

[Johnny Au]

Part 3 of 4 taken on October 15, 2023:

Yonge and Bloor (aka the Golden Corner or the Champagne Corner):

 

[thaivic]

 

[tstormers]

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Really need some window washing done eh? lol

 

[Collingwoodbuildinglover]

It's interesting how the forms aren't all moving in unison currently left side column is up higher than right

 

[Rascacielo]

Has it officially become a skyscraper (>150 m) with that topmost column? For comparison 2 Bloor W is 149 m.

 

[UpwithOlives]

It's interesting how the forms aren't all moving in unison currently left side column is up higher than right

I would guess they're in the process of raising the platforms to the next level, can't do them all at once.

 

[UpwithOlives]

Has it officially become a skyscraper (>150 m) with that topmost column? For comparison 2 Bloor W is 149 m.

I think they will be starting 41, they should reach 150m at 43.

 

[thaivic]

Really need some window washing done eh? lol

It would be nice but it seems the management doesn't want to spend money.

 

[officedweller]

WOW. So they've finally decided to pour a new curb on Bloor Street? Maybe they'll even deign to open a sidewalk to public use again in 2024! Wonderful. Great project. But, blocking public passage on public land since December, 2017 (it will be seven years before it re-opens), is too freaking long, covid or no covid. They should pay compensation for that.

New curb and sidewalk might mean the Apple store is opening soon?

 

[AdamS]

It would be nice but it seems the management doesn't want to spend money.

25% of the building is vacant, management needs to reduce the opex by skipping out on window washing.

 

[Johnny Au]

Part 4 of 4 taken on October 15, 2023:

Yonge side:

 

[jackattack]

Hate to be a bearer of what looks like bad news(!) but I was sent this from a colleague this morning… - https://www.alvarezandmarsal.com/theone

 

[ProjectEnd]

Yep. Turns out holding 4 tranches of debt, blended to between 12-13% is unsustainable. Whodathunkit?

 

[ChesterCopperpot]

What will happen to The One Project now?

Arrangements have been put in place to provide for the continuing construction and development
of The One Project, and additional financing commitments have been secured from the Debtors’
existing senior secured lenders that will provide the Receiver with access to $315 million to fund
ongoing construction and development costs, among other expenses.

Mizrahi Inc. is continuing in its capacity as the General Contractor of The One Project under the
supervision of the Receiver. The Receiver will be engaging additional construction advisors,
including a project manager, to assist with day-to-day operations and to oversee the ongoing
construction of The One Project.

 

[Start Fox]

Some tidbits from the court filings:
1. The project has recently lost its anchor retail tenant (i.e. Apple is out). No replacement yet.
2. Estimated completion date is currently March 2025, but that the realistic date is July 2025.
3. Estimated budget is now over $2 billion.

But to be clear, as ChesterCopperpot posted above, construction is continuing and as of now the building will be finished.