Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

[MetroMan]

Just came across this awesome photo realistic rendering in an ad in Toronto Life.

 

[kotsy]

Will the tower actually be that well lit at night??

 

[MetroMan]

Will the tower actually be that well lit at night??

That lighting is used to make the tower stand out from the others but I like the grittiness of this rendering that makes it otherwise photorealistic.

 

[Secret Agent]

Will the tower actually be that well lit at night??

With soo many unsold units, probably not.

 

[packers67]

By this rendering, I guess we can assume that everyone at The One STAYS IN....and everyone at One Bloor East GOES OUT???

 

[ChesterCopperpot]

My October 11 guess a little premature it seems.

With soo many unsold units, probably not.

Ughhh ... change the record

 

[got it right]

With soo many unsold units, probably not.

how many unsold units are there?

 

[Benito]

Today.

 

[MetroMan]

Today.
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Benito, thank you for all your updates. I can't help but feel bad that your enthusiasm is going to turn into upset as the tower gradually rises and inevitably covers your view.

 

[rbt]

how many unsold units are there?

It's a high %age compared to most condo developments* at this stage but inline with expectations given the price points.

Few are willing to pay $3Mil for a condo then wait 4 years for occupancy. They'll pay $3.5Mil for a unit that's ready to go in 6 months. That those higher priced units are still available can be viewed as a positive; it can mean the developer isn't desperate and marking the prices far below their potential.

* For the condo portion only. The total %age of floorspace sold is in good shape (based on hints made via the press) when you include the commercial and hotel portions.

 

[MetroMan]

It's a high %age compared to most condo developments* at this stage but inline with expectations given the price points.

Few are willing to pay $3Mil for a condo then wait 4 years for occupancy. They'll pay $3.5Mil for a unit that's ready to go in 6 months. That those higher priced units are still available can be viewed as a positive; it can mean the developer isn't desperate and marking the prices far below their potential.

Having a balance of sold vs unsold units can be healthy because it discourages the developer from seeking loopholes in contracts that allows them to cut corners. There are enough sales to fund the development while also encouraging the developer to complete the building as quickly as possible and at the highest quality in order to sell those remaining units and recoup their investment.

 

[got it right]

My October 11 guess a little premature it seems.



Ughhh ... change the record

If this contest started in july of 2017

Having a balance of sold vs unsold units can be healthy because it discourages the developer from seeking loopholes in contracts that allows them to cut corners. There are enough sales to fund the development while also encouraging the developer to complete the building as quickly as possible and at the highest quality in order to sell those remaining units and recoup their investment.

Sold out is better especially with an almost certain long term recession about to hit. The saving grace is everyone is broke so interest will remain at or near zero.

 

[Benito]

Benito, thank you for all your updates. I can't help but feel bad that your enthusiasm is going to turn into upset as the tower gradually rises and inevitably covers your view.

Yes the tower will block our northeast view, but our east view will remain the same I believe.

 

[Benito]

Today.

 

[got it right]

The building footprint is not much larger than the Cornell crane. This thing is going to look like a pencil which could be interesting.