got it right
Active Member
Is it possible that Clark Construction Management could supply UT with an update?
Is it possible that Clark Construction Management could supply UT with an update?
why would UT ask Clark when they can directly ask Mizrahi for the updates.
http://urbantoronto.ca/news/2019/02/toronto-future-exhibition-returning-summer
PJ Condos and St Lawrence Condos both did this as well.Such an incredibly tight and difficult site. This and nobu are one the only sites in the city where they had to construct a part of the future ground floor slab just to provide some staging area.
Interesting, didn't know that.PJ Condos and St Lawrence Condos both did this as well.
it's going to become more and more common as sites that previously were not feasible are now going to develop, and with more restrictions on lane closures.The use of an early poured slab for staging seems like a relatively new technique in the city -- any projects use this prior to the past couple of years?
I readily admit knowing less about construction than my dog does, but it appears plain to me by the massive volume of cement parked in each and every one of these trucks that someone is moving as fast as possible to build this incredible tower.
And you'd be right! The overhead cost of a project of this scale in mid construction is mind boggling, between site costs and finance. I don't know what their financing costs are given it's not with a conventional local bank, but I'd guess it's not less than $750k/month, and I wouldn't be shocked if it's over $1m/month.I readily admit knowing less about construction than my dog does, but it appears plain to me by the massive volume of cement parked in each and every one of these trucks that someone is moving as fast as possible to build this incredible tower.
Ragging the puck? Not by a long shot !
Mid construction? In reality this site at the moment is running at its lowest overhead costs. There's barely anyone on site. The super is standing there watching them drill a hole every few days and fill it. That's it. Costs are also at a minimum because there are very few subs there submitting monthly progress draws.And you'd be right! The overhead cost of a project of this scale in mid construction is mind boggling, between site costs and finance. I don't know what their financing costs are given it's not with a conventional local bank, but I'd guess it's not less than $750k/month, and I wouldn't be shocked if it's over $1m/month.
By mid construction I meant actively in construction. In a year from now it will certainly be more. You'd be surprised that even at this stage how much the site super, assistant and clerks, labour, traffic control, temporary power, equipment rental etc cost. Having said that the largest part of the overhead cost is the loan cost, which is huge for this project with the cost of the land alone before even considering the current running cost of construction.Mid construction? In reality this site at the moment is running at its lowest overhead costs. There's barely anyone on site. The super is standing there watching them drill a hole every few days and fill it. That's it. Costs are also at a minimum because there are very few subs there submitting monthly progress draws.