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

[TheKingEast]

Think these will sell like hotcakes.

 

[LNahid2000]

Lunchtime update.

 

[LMVDR]

It is extremely unlikely that a construction lender would be comfortable with the risks associated with this development.

I'm not sure what they are doing on the site at the moment but I highly doubt they are starting construction. Do they even have a permit to excavate?

 

[Downtown Toronto]

It is extremely unlikely that a construction lender would be comfortable with the risks associated with this development.

I'm not sure what they are doing on the site at the moment but I highly doubt they are starting construction. Do they even have a permit to excavate?

No such thing as an excavation permit. They have a shoring permit.

 

[DonValleyRainbow]

The only thing that could hurt this project financially is the type of shenanigans that occurred at L-Tower.

...and Acts Of God.

 

[LMVDR]

The only thing that could hurt this project financially is the type of shenanigans that occurred at L-Tower.

...and Acts Of God.

You severely underestimate the importance of credibility, experience, reputation and integrity.

 

[ChesterCopperpot]

Think these will sell like hotcakes.

that's if they aren't already sold

 

[interchange42]

You severely underestimate the importance of credibility, experience, reputation and integrity.

We're just waiting for the September date when a number of the details of the development, including what you're wondering aloud about, are going be revealed.

42

 

[rbt]

There is a ton of hype in the real estate world about this one. I expect it will sell.

I agree entirely.

Just wanted to point out that construction doesn't actually depend on the condo selling out because the condo is a bonus add-on.

 

[LMVDR]

I agree entirely.

Just wanted to point out that construction doesn't actually depend on the condo selling out because the condo is the bolt-on; not the retail.

You don't spend $250 million in land cost, plus another $100 million in carrying costs, to build a multi level retail podium.

Sorry. Not in this provincial city. This isn't 5th Avenue.

Edit- 5th Avenue before Amazon crushed retailers.

 

[maestro]

Where are you getting those numbers?
Also, how much do you think Great Gulf sold the retail across the street for?

 

[LMVDR]

Where are you getting those numbers?
Also, how much do you think Great Gulf sold the retail across the street for?

Not sure. $1500 psf maybe?

 

[ChesterCopperpot]

Was over $2200psf - although that included 50-odd parking spots

 

[LMVDR]

Was over $2200psf - although that included 50-odd parking spots

Ok so deduct $5 million from that price and what do you get?

What is the proposed retail square footage of 1 Bloor West?

 

[ChesterCopperpot]

You've confused me - deduct $5million from what number?