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

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Picture taken today on Walsh and Weston, always loved seeing it from this view
 
Anyone done a floor count to check where we are as of today?
Guessing we wont' be far from the top now that it is confirmed at just 86 floors ...
 
khaldoon said:
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 ?
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It may; but keep in mind, there will be no change to the exteriors at this point, which is the largest chunk of 'sizzle' for the building, along with upper floor views.

Also, it's not as if a building in this pricing category is likely to drop fit and finish down to laminate counter tops and vinyl floors, that's just not a winning strategy.

The single biggest value get here is cutting down on larger units in favour of smaller ones, which, in general, will produce higher per ft2 revenue.

Other changes will likely be unseen by an end owner, (behind the walls), or the way in which construction is literally managed.

There may be some 'cheapening' of some unit interiors from luxury to middle.........we'll have to wait and see.
 
Additional tidbits from Storeys: https://storeys.com/tridel-builders-the-one-mizrahi-completion/

The Receiver also notes that the existing agreement with Hyatt Hotels of Canada Inc. to operate what was going to be known as the Andaz Toronto - Yorkville will be disclaimed and that a new operator will be selected.
...
The Receiver did not identify an estimated completion date for the project in its December update, but previously estimated in November that The One would be completed in the second half of 2027.
 
I would have thought that once the structural work was done to support a 328m+ tower, that it would be more cost-effective to build more floors and more units rather than fewer.

The VE plan sounds like what RyanAir would do with an A380: all-economy class with 850 seats.
 
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