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

Part 1 of 2 taken on September 18, 2024:

Bay and Cumberland:

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Balmuto Side:

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Back Alley:

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Bloor Side (the tarps now have large enough holes for my phone to fit through):

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artemperederii said:
Does anyone know what’s with that Apple Store here? Is it cancelled after all or still might be there?
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I'd be surprised if anyone but Apple ends up in this space. It's built to Apple specs, it's in an area of town in which they want a presence, and it's just an overall attractive property in general. On the flip side is that it's a premiere brand that makes the property look good, fits into well—even after all the legal troubles. Even if the neighbourhood continues to bleed "luxury" out to Yorkdale, they still fit in. Apple are a consistent money maker, guaranteed to be able to pay their rent for the next hundred years if need be and will be an overall draw to the building and other tenants.

After the Mizrahi mess, I also wouldn't be surprised if:
1) Apple's requested their name not touch another single piece of real estate promo (under threat of lawsuit); even after the building is complete.
2) Apple's gotten the property at a lower (perhaps significantly) lease than previously negotiated.
3) Apple's drawn further undisclosed concessions out of property management.
 
This is such a popular thread, it's hard to keep photos in chronological order! I took a few, yesterday, September 19, 2024:

From Bloor and Spadina:

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From Varsity Stadium:

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From Yorkville, near Hazelton:

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From Cumberland, east of Bay:

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From up close:

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Finally, from Charles, east of Yonge:

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zang said:
After the Mizrahi mess, I also wouldn't be surprised if:
1) Apple's requested their name not touch another single piece of real estate promo (under threat of lawsuit); even after the building is complete.
2) Apple's gotten the property at a lower (perhaps significantly) lease than previously negotiated.
3) Apple's drawn further undisclosed concessions out of property management.
Click to expand...
I think this is spot on. Probably even with significant concessions compared to the original deal, Apple wants this place more than anybody else does and is willing to pay for it.
 
evandyk said:
I think this is spot on. Probably even with significant concessions compared to the original deal, Apple wants this place more than anybody else does and is willing to pay for it.
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At the very least, with Apple it's not likely to sit empty for months on end waiting for someone with deep pockets to snap up the location. I mean it took how many years for 1 Bloor East next door to finally lease all their retail?

I can’t imagine after all the troubles, that many are lining up to set up a lease at The One without seeing it this thing gets finished first.
 
artemperederii said:
Does anyone know what’s with that Apple Store here? Is it cancelled after all or still might be there?
Click to expand...

While I like @zang 's reasoning above, it is my understanding that Apple is currently out at 'The One' and not pursuing opening in that space.

I have not heard of any alternate lessee at this point.
 
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