Recent interview with Sam Mizrahi (dated June 1, 2022). Based on this recent description of the project, it looks like Sam is confident that the 94 storey version will go ahead.
"The One Residences at Yonge and Bloor in midtown Toronto is the most documented, complex and notable building to be developed in the city in two generations. It will, at 338 metres (more than 1,000 feet) and 94 storeys high, be the tallest building ever built in Canada and the country’s first “super-tall building.” But, more than that, it will be a symbol of Toronto’s coming of age as a world-class global city, thanks to the vision and determination of Sam Mizrahi, who was born in Tehran, Iran, and moved to Toronto at the age of six with a love of architecture and design."
Q: Can you speak to some of the challenges you’ve faced?
A: Which ones? There are so many. I mean, every time you do a project to this gravity, there’s going to be challenges. Everything from acquiring the site and actually assembling the site was a challenge because you had over 14 private assemblies to a site that was not for sale, to the zoning, to the approvals, to the financial engineering of a project of this magnitude. The One is approximately now $1.5 billion, and, for a single tower, it’s never been done before in Canada. There were many aspects of it that were incredible challenges, and those incredible challenges are what made it successful. There is no success of magnitude that does not come with extreme challenges. I think if you don’t have challenges, the magnitude of success is equal to those challenges and so, in a way, I’m happy I had the challenges because it allowed the building to be what it is.
Read the full interview at:
https://dolcemag.com/successstories/sam-mizrahi-the-one-tallest-building-canada/43994