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

Part 1 of 2 taken on October 23, 2024:

Bay and Cumberland:

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Balmuto Side:

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Back Alley:

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Bloor Side:

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Part 2 of 2 taken on October 23, 2024:

Yonge and Bloor (aka the Golden Corner or the Champagne Corner):

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@hawc Let me avoid the mistake CP24 made regarding the Tesla:


The driver in the Tesla made the vehicle impede traffic:

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Yonge Side:

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Photos taken today, Friday (Oct. 25). A dull day with drizzle at times... Since my post last Friday, the scaffolds at the top have moved up a level as has the core, to around level 74 or 75, it seems. For sure, we are seeing level 72 now emerging from under the super-column forms. Whatever the case, 1BW has now clearly surpassed 1BE. Further down, the four corner forms are now all up to the corners being poured - level 61 or 62 it seems - now that they are far enough above the mechanical level. Lower down, the black Rail Climbing Systems (RCSs) see the north and west RCSs now joining the east RCS at installing the skin at level 44. And raised a few more floors, the exterior elevator is at level 69.

If 1BW has now surpassed 1BE, which was the sixth-tallest building in Toronto (CN Tower not included), then it may have also passed the TD Canada Trust Tower for #5 on the list, only 4 metres higher than 1BE at 261 m. Fourth on the list is Aura at 272 m.

Photos starting with the view from Yonge and Dundas, 1BW clearly above 1BE now, then shots from Dundonald and from Charles. The view from in front of Holt Renfrew on Bloor to the west of Yonge, including a tighter shot of the first mechanical levels with the louvres in place on the west and north sides, scaffolds still on the corners. Then from Cumberland east of Bay. Two views from Bloor at Yonge and slightly east of that. Finally, from Bloor and Bedford to the west, and down Devonshire.


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Photos taken today, Friday (Oct. 25). A dull day with drizzle at times... Since my post last Friday, the scaffolds at the top have moved up a level as has the core, to around level 74 or 75, it seems. For sure, we are seeing level 71 now emerging from under the super-column forms. Whatever the case, 1BW has now clearly surpassed 1BE. Further down, the four corner forms are now all up to the corners being poured - level 61 or 62 it seems - now that they are far enough above the mechanical level. Lower down, the black Rail Climbing Systems (RCSs) see the north and west RCSs now joining the east RCS at installing the skin at level 44. And raised a few more floors, the exterior elevator is at level 69.

If 1BW has now surpassed 1BE, which was the sixth-tallest building in Toronto (CN Tower not included), then it may have also passed the TD Canada Trust Tower for #5 on the list, only 4 metres higher than 1BE at 261 m. Fourth on the list is Aura at 272 m.

Photos starting with the view from Yonge and Dundas, 1BW clearly above 1BE now, then shots from Dundonald and from Charles. The view from in front of Holt Renfrew on Bloor to the west of Yonge, including a tighter shot of the first mechanical levels with the louvres in place on the west and north sides, scaffolds still on the corners. Then from Cumberland east of Bay. Two views from Bloor at Yonge and slightly east of that. Finally, from Bloor and Bedford to the west, and down Devonshire.


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I love that all the recently completed towers on the west side of Yonge are set back from the street, giving a nearly unimpeded view of The One from as far as Yonge & Dundas.
 
I heard from a pretty reliable source in the industry that Tridel may become involved here. Not sure exactly how as the asking price of $1.2B is way out of the market. Do not take this to the bank, but the person who told me is pretty connected in the industry.
 
I heard from a pretty reliable source in the industry that Tridel may become involved here. Not sure exactly how as the asking price of $1.2B is way out of the market. Do not take this to the bank, but the person who told me is pretty connected in the industry.

From my limited understanding, the $1.2B purchase price that has been so often referenced in this thread was only one of two options for the Participating Bidders. See the Sale and Investment Solicitation Process - the Development Proposal option is likely the more realistic one (italics/underscores/caps are mine):

"The purpose of the SISP is to seek and implement proposal(s) from Participating Bidders for either:
  1. (i) a Transaction Proposal, being an acquisition or investment in the Project pursuant to one or more sale or investment transactions with an individual or aggregate purchase price or investment amount equal to or exceeding $1.2 billion, being the minimum bid threshold required by the Senior Secured Lenders; OR
  2. (ii) a Development Proposal, being an arrangement with the Senior Secured Lenders to complete the construction, development and realization of value from the Project on terms acceptable to each of the Receiver and Senior Secured Lenders (together with the Transaction Proposal, the “Opportunities” and each, an “Opportunity”).
The goal of the Transaction Proposal or Development Proposal is to maximize the value of the Project and continue its construction and development to completion for the benefit of stakeholders."

See also the Receiver's most recent and scathing report (which contains some praise for Skygrid). We are past the posted deadlines (Oct 14 for Court approval - pending Court availability - of the winning bid, and there's no indication on the Receiver's website of any extension to the deadlines so far) so time will tell what's next...

 

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