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The One 
1 Bloor West, Toronto
Developer: Mizrahi Developments
Website: onebloorwest.com

The One | 306m | 85s | Mizrahi Developments | Foster + Partners | Page 296

Discussion in 'Buildings' started by urbandreamer, Nov 16, 2011.

  1. innsertnamehere

    innsertnamehere Superstar

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    nope, just not needed to meet the parking requirements. Most developments have some form of partial level of parking, no point excavating dirt you don't need to.
     

  2. Benito

    Benito Senior Member

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    Ongoing shoring work today.
    2C8A072A-0A7D-446C-BFBD-EFB656CF312F. F2D89842-97DE-4528-9CEE-95CEEEF19B28. CF4021E1-E847-4DBC-86E2-979D57738C37. 868AEF08-5C40-42CD-B594-7B3048FD1C26. 8453F55B-9926-4645-9840-AE6890683D36. 43C7B46E-0402-40C5-AB37-B42C927E7314. C4C0E0EB-7281-4EB8-B76A-1E08334959C1. 7A8CEFFF-FD93-4A88-ABA2-FC829BE45DC5.
     
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  3. amin

    amin New Member

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    This would be the underside of the ramp going up. At the lowest floor the ramp is founded on soil. it is mainly because the space under the ramp is useless and the construction of a suspended slab is difficult in the tight space. after the ramp goes up by about 7 feet above the finished grade it will change to structural slab. This is the case for most building.
     
  4. Contra

    Contra Active Member

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    Makes sense.
     
  5. ProjectEnd

    ProjectEnd Senior Member

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    NorthshoreCity and ADRM like this.
  6. innsertnamehere

    innsertnamehere Superstar

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    Amazed the development potential isn't pushed more. I suspect whoever bought up Scotiabank could buy this guy up as well and put up another tower. Also funny how they are selling now vs 2 years ago when I am sure Mizrahi would have been very happy to pay a pretty penny for the property.
     
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  7. Luke.Wong

    Luke.Wong New Member

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    That H&M spot could easily house Downtown Toronto's second Uniqlo store.
     
  8. ProjectEnd

    ProjectEnd Senior Member

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    Development potential on this assembly isn't great. Separation from The One, Uptown and Manulife is pretty restrictive. Not great plate sizes. Scotia went for $74m two years back and the ask on this is likely around $80m. I'm sure they'll try and get it down to $70m but even then, you're paying $140-150m for something with sub-500sm plates iirc. It would be extremely difficult to make all that up in a high PSF number alone. Even at Yonge and Bloor, we're still Toronto, not New York, London or Hong Kong.
     
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  9. innsertnamehere

    innsertnamehere Superstar

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    I'm aware it's tight. You can get it into the high 500's if you push the 25m separation and do 0m lot line setbacks. But yes, this is not a 750sm floorplate plot. The fact that Scotiabank sold for $74 million clearly means they are thinking development though, and substantial development at that.
     
  10. interchange42

    interchange42 Administrator Staff Member

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    No, it doesn't. What would make it a certainty would be a contract that Mizrahi might have with Apple (which contractually he would not be able to comment on). If only the building were designed by Apple's chief architect, and there were renderings suggesting a store that sells products arrayed on minimalist wooden tables! If only!

    42
     
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  11. ProjectEnd

    ProjectEnd Senior Member

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    They can *think* all they want. The fact of the matter is if you're paying that much for land, you need both a substantial return and a pretty solid guarantee of that return. To me, this assembly has neither of those things.

    And if you are going to make it up with high-psf' numbers, you can't even really market any south or east views as this will have none of them. And you can't even make up the lacking GFA with height since the larger structural requirements and increase in elevator cores will eat too much away at your efficiencies. And there's Bill 139 to worry about too...
     
  12. androiduk

    androiduk Senior Member

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    As I mentioned in another thread last week, Scotiabank is closing their Bloor & Church branch in April 2018 and moving all accounts to the Bloor/Balmuto location. It's unlikely anything's going to happen at that corner in the foreseeable future.
     
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  13. M Builder

    M Builder New Member

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    The East side still needs to be prepped (old foundations removed along Yonge) before any shoring work is done on that side. The prep work will only be done after the hoarding is moved to its permanent location. The hoarding will line up to the new walkway container that is already in place on Yonge and similar to what they have started doing on bloor.
     
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  14. Contra

    Contra Active Member

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    Do we know if the parking levels will be a top down approach once the supercolumns are in place? (similar to Shanghai Tower albeit on a much, much, smaller scale).
     
  15. AHK

    AHK Active Member

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    For those not familiar with the Shanghai Tower - world's second tallest building, after the Burj Khalifa in Dubai. The Shanghai Tower is quite new, some interior finishing selected areas still to be completed. And as Contra says, much, much larger than The One. A couple of pictures from earlier today - the Shanghai Tower is the one with the slightly conical appearance.

    IMG_1756.JPG

    IMG_1759.JPG
     
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