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

[Johnny Au]

December 9, 2024:

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

 

[stockks]

My Unit circled in red. Any guesses on if or when I will occupy it View attachment 617785

2035?

 

[BloorMan]

A little bit of work going on in the corners today. I think they could see me taking the photos from inside my suite:

 

[ImmenselyMental]

A couple of photos of The One I took about 20 minutes ago:

 

[thaivic]

 

[Civdis]

Why does the glass look way more defined and darker closer to the base and it looks more dim and gray the higher you go?

I think it is shadowing. If you look at some of the other shots on this forum, you will see the variation due to shadowing.

 

[Benito]

Today.

 

[wmedia]

Receiver of The One picks Tridel as development manager after failing to secure buyer

Tridel's engagement will take effect pending definitive agreements and court approval, which is poised to occur in early 2025.

www.thestar.com

 

[DevDudeToronto]

Receiver of The One picks Tridel as development manager after failing to secure buyer

Tridel's engagement will take effect pending definitive agreements and court approval, which is poised to occur in early 2025.

www.thestar.com

Here's some reading material to go along with the article.

 

[OpenClosed]

Receiver of The One picks Tridel as development manager after failing to secure buyer

Tridel's engagement will take effect pending definitive agreements and court approval, which is poised to occur in early 2025.

www.thestar.com

What does this mean for the height of the building?

 

[khaldoon]

Here's some reading material to go along with the article.

The term “Value Engineering” appeared multiple times. I know it makes sense for a receiver trying to cut cost as much as possible but ultimately wouldn’t value engineering lower the value of what you are trying to sell ?

 

[innsertnamehere]

What does this mean for the height of the building?

@DevDudeToronto's posted link says this:

The Reconfiguration Plan (as defined in the Second Report) approved by the Court pursuant to the Order (Reconfiguration and Letters of Credit Arrangement) on June 6, 2024, is advancing as planned and in accordance with applicable zoning requirements, site plans, and permits. Specifically, the Receiver and the Project’s consultants submitted an updated set of drawings reflecting the proposed changes contemplated by the Reconfiguration Plan to the City Planning Division, who has confirmed that the revisions are substantially in accordance with the approved site plan drawings. A revised building permit application is currently under review by the Toronto Building department and the Receiver anticipates that the revised building permit will be issued in the near term.

Looking like they are sticking to 86 storeys:

 

[Koops65]

 

[UtakataNoAnnex]

The term “Value Engineering” appeared multiple times. I know it makes sense for a receiver trying to cut cost as much as possible but ultimately wouldn’t value engineering lower the value of what you are trying to sell ?

I am presuming VE here is they not going beyond 86 floors. And will unlikely spare anymore extravagances outside to what the receivership has already agree to cover in finishing this tower...

...I guess the silver lining here is that we as observers will unlikely notice anything untoward outside the tower other than it being shorter. Can't say the same for those living and working in there.

But yeah, it feels all pretty anti-climatic at the end of the day. And Tridel seems more of a foster parent taking in an unwanted child than that of a confident owner here. /sigh

Edit: I think Northern Light-san said this better over on the next page.

 

[OpenClosed]

@DevDudeToronto's posted link says this:


Looking like they are sticking to 86 storeys:

View attachment 618913

Huge bummer but it is what it is I suppose