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

Bjays92 said:
Regardless this development can't catch a break, between being exceedingly slow and constant bad luck, it's taking forever. Quite unfortunate.
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I've only built a Billy bookcase and designed a couple sandwiches at Harvey's, but they really should be building a second tower, maybe at 1 Bloor W in Oshawa (so they can reuse the signs, and maybe call it "The One, Two"). This is a project worth hundreds of millions of dollars. Maybe a little redundancy wouldn’t be such a bad thing.
 
Easy Peasy said:
With every month that goes by each unit increase in value by 5%. Not a bad way to make a buck
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That remains a constant for every pre-construction condo project. No different here.
I imagine the people who actually wanted to live in this building are more frustrated with the delay than they are pleased with the on paper increase in value.
 
whatever said:
I've only built a Billy bookcase and designed a couple sandwiches at Harvey's, but they really should be building a second tower, maybe at 1 Bloor W in Oshawa (so they can reuse the signs, and maybe call it "The One, Two"). This is a project worth hundreds of millions of dollars. Maybe a little redundancy wouldn’t be such a bad thing.
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Certainly not worth hundred of millions dollars at this point. Or possibly ever. They will finish the retail and the hotel and sell off the rest to someone more capable of finishing the job.
 
Stec said:
Most people who bought here probably don't live in Toronto. They put this out to make their foreign investors think progress is being made lol. On a serious note, so happy that it sounds like the concrete pour is going to happen today! Let's just hope the trucker convoy in Toronto doesn't somehow disrupt this any further!
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i sold 5 to people who live in toronto.
 
Stec said:
Most people who bought here probably don't live in Toronto. They put this out to make their foreign investors think progress is being made lol. On a serious note, so happy that it sounds like the concrete pour is going to happen today! Let's just hope the trucker convoy in Toronto doesn't somehow disrupt this any further!
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All you have to do to make an investment like that is to be born in the right year. If you made it and bought real estate when it was cheap, congrats, you made it, take your cheap-cheap equity line of credit and go 'invest'. The One is on the pricier side, but if you bought pre-construction and have a reasonable portfolio you could've bought a one bedroom unit for less than 1M I suppose?

I think that about 85% of the investors in this city are not foreign, please correct me if I'm wrong, but there's a foreign buyer tax that only account for 4% of sales, even if you suggest that they are using workarounds to get into Toronto real estate market it can't be more than 10% statistical error here.
 
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Feb 6
More up on my site with a total of 68 I shot
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Haven't been here in a while. I can't believe this project is still stuck at such a low level. How long before the construction lenders just takes over? You can't presell units at 2017 prices and complete the building in 2027. You'll go bankrupt.
 
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