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

[interchange42]

Did they get the site plan amendment finalized before the bankruptcy for the taller version?

They would need a site plan amendment if Mizrahi finalized the site plan for the 94-storey version prior to bankruptcy. If it wasn't yet finalized, they could just stop pursuing the amendment. Correct that zoning does not get in the way.

The 91-storey version was fully approved, the 94-storey version was not (so six more storeys were granted, not the nine they were after).

In the meantime, while there have been major financial issues, there has been was no bankruptcy. The receivership was triggered by Mizrahi as partner Jenny Coco was refusing to sign on for any further borrowing to complete the building. Mizrahi saw the receivership as the only way to break the impasse, but once in control, the receiver wanted a more thorough house-cleaning than Mizrahi intended, hence the project is up for sale. It's yours for $1.2B (plus I assume some associated debt?)!

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[steveve]

Came across this excellent drone video of The One on YouTube:

 

[interchange42]

Man, they need to hire some landscape architects... That's an awful street-level design that shouldn't be allowed for somewhere like downtown Yonge.

They're not doing anything special along this stretch of Yonge at the moment until the long delayed remake of the entire street gets underway. So yeah, they've got a plan, they just need to get going on it.

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[UtakataNoAnnex]

...too bad it's not turning it into two feet only zone as opposed to still including four wheels. >.<

 

[ImmenselyMental]

From Yonge & Queens Quay today:

In the above photo, the crane cab is at roughly 250 metres, and the jib could be 280+ metres.

 

[Natika33]

Low-quality image, but The One is now visible from Tommy Thompson Park:

 

[wmedia]

Just sneaking into view.

 

[goodcitywhenfinished]

They're not doing anything special along this stretch of Yonge at the moment until the long delayed remake of the entire street gets underway. So yeah, they've got a plan, they just need to get going on it.

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Yongetomorrow is only going from Queen to College in the current RFP. I don't think theres been any mention of College to Bloor anywhere by the city.

 

[interchange42]

Yongetomorrow is only going from Queen to College in the current RFP. I don't think theres been any mention of College to Bloor anywhere by the city.

Ah, good point about Queen to College... but — north of College all the way to Davenport is planned as Phase 2, so it's even further off in the future. Same situation applies though: no-one along either phase is doing anything with the sidewalk because they know that someday when we're all just dust in the wind they'll actually have a pedestrian-friendly Yonge Street.

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[BloorMan]

From today. Some concrete pour happening at the top:

 

[ImmenselyMental]

From just now, The One is going to dominate this view when it reaches its full height:

 

[rdaner]

The 91-storey version was fully approved, the 94-storey version was not (so six more storeys were granted, not the nine they were after).

In the meantime, while there have been major financial issues, there has been was no bankruptcy. The receivership was triggered by Mizrahi as partner Jenny Coco was refusing to sign on for any further borrowing to complete the building. Mizrahi saw the receivership as the only way to break the impasse, but once in control, the receiver wanted a more thorough house-cleaning than Mizrahi intended, hence the project is up for sale. It's yours for $1.2B (plus I assume some associated debt?)!

42

Thanks! I wonder what the chance of a re-application for more height in the future is?!

 

[UtakataNoAnnex]

Corner floors are being formed for the next set of diagrids I see...

 

[Johnny Au]

Part 1 of 2 taken on August 28, 2024:

Bay and Cumberland:

Balmuto Side:

Back Alley:

Bloor Side:

 

[ImmenselyMental]

From this morning at 7:00 am (this is far earlier than I usually wake up, and the most tangible change from my previous OISE post is the corner forms moving up a floor)