SkyscraperPage Forum - TORONTO | One Yonge | 1,131 FT / 344.6 M | 105 FL | 1,004 FT / 306 M

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- - TORONTO | One Yonge | 1,131 FT / 344.6 M | 105 FL | 1,004 FT / 306 M | 92 FL (https://skyscraperpage.com/forum/showthread.php?t=203290)

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

SkyTower’s residential floors have 12 sides, a polygon known as an “Irregular Dodecagon”.

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rdaner
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mburrrrr

Quote:

Originally Posted by WhipperSnapper (Post 10140824)

Did you google money laundering and where Toronto or Canada ranks in the world before saying it's all fake? When one can register a company for $100 with an address taking prominence over personal info money laundering is going to happen. How about the world's biggest real estate bubble? Home buyers don't create bubbles and as a bubble refers to overvalued property. Investors (flippers for slang) do. More than half the units end up on MLS as rentals the minute the developer allows them to post. There are thousands of units for rent right now just in the downtown. There are also a significant undetermined amount that are off market but, that's a lot easier to write off as fake. No one is interested in delving into it and coming up with the real numbers. Canada has severe housing shortages amidst record number of visa issued. That's a MAGA level type contradiction. That's also Toronto in 1995 but, not 2023. The prices have increase due to zero vacancies but, not to the extreme affordability crisis in Toronto.

It's same like blaming interests rates on the the dip in housing investment in Toronto instead of market insecurity from the billions being written down in commercial property values. Allied REIT has written down half a billion alone and that there are much better real estate investment opportunities in Canada than Toronto

Regardless, I'm always entertained by those gloating that Torontonians can afford less and less from highly competitive low wages and pay more tax to subsidizing more housing for a growing number of people that come here just to use our amenities to the benefit of a select number of Canadians' pocketbooks. Those coming here to settle down and contribute have a record high dissatisfaction that is universally ignored. It's all about towers which, in itself, is entertaining. Proposals are the most popular among Toronto forumers. You don't need people to occupy them.

Of course if you want to find people confirming a particular explanation you can always use google to find it. You can easily look online and "confirm" that the earth is flat, that prayer and fasting cure cancer, or that the covid vaccines killed more people than the disease. That doesn't have much relevance to the actual issue at hand. I mainly draw conclusions by looking at the stat fundamentals and from experts such as those presented in the housing policy course I took last year at Dalhousie. We can see the correlation between rising prices and the population growth/total compared to the number of new and existing residences along with the effects of inequality.

It's true that if prices are too high relative to incomes that the situation can't be sustained over the long term. Either demand has to drop, supply has to increase, or both. So if that's what some people want to call a bubble then ok. But the traditional definition would be prices that are high due to demand caused by an anticipation of future price increases rather than demand for the actual product. Basically people wanting to profit by reselling the goods rather than using them. Home flippers are basically like ticket scalpers. Scalping relies on either harvesting consumer surplus meaning that the initial price is lower than what some people are willing to pay, or on a shortage of the product so that some people wouldn't be able to buy at any cost. But it doesn't work without there being enough people who want the product for it's own merits.

Like if ticket scalping became so widespread that significantly more people bought tickets to sell them for profit than who actually wanted to attend the event. Eventually too few people would want to buy them for the high price that the scheme would collapse. If the scalpers would have to either sell at cost or even at a loss which would discourage them from doing it again... for awhile. So while there will always be some scalping for a high demand event as some level will always be profitable, that doesn't indicate that it's the main reason for high overall prices. It comes down to the ratios of speculation vs genuine demand.

A fly-by of the waterfront:

• Video Link

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

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Riseth

I don’t think I’ve ever seen a tower crane that sits on a platform 20 feet up the building.

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Riseth

88 floors to go ;-).

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mburrrrr

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

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Jeff Morgan

Is the 105 storey floor count truly 105 stories, or is it being advertised as such (but with a lower actual floor count, like Tronald Dump did with his Dump Tower in Manhattan, which claimed 68 stories, but is at least 12 stories shorter, and according to some, may only have 48 stories).

^ haven't counted the levels on an elevation lol... but a safe bet it's over 100 storeys and the height @ 344.9 metres is enough for me. ;)

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

The wedding cake phase… of the march to the tallest tower in the country ;-).

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lx moss

Shot through the sunroof in a drive by.

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thaivic
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thaivic

Basically Toronto's answer to Hudson Yards. Right on the water as well.

Looking forward to seeing this new part of town grow.

Quote:

Originally Posted by BrickellBased (Post 10174602)

Basically Toronto's answer to Hudson Yards. Right on the water as well.

Looking forward to seeing this new part of town grow.

If things turnaround for the residential real estate market... Phase 3 of One Yonge has also been up-graded and approved as a super-tall.

Pinnacle has deep pockets and has been known to start building without reaching the usual pre-sales threshold (70%?) needed to finance and start.

Would love to see Phase 3 get underway to eventually see all three towers joined by the HPA-designed canopies over the planned retail at grade.

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UT

Phase 3 @ 95 storeys is on the left.

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UT

One day... if/when the Phase 4 commercial/hotel/retail is complete... this will indeed be Toronto's equivalent to Hudson Yards.;) Not other site in the downtown will host so much mixed-use square footage (The Well would be a distant 2nd ;-).

Phase 4
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UT

^ Wow thanks for posting. I hadn't seen all the different phase renderings before - at least not Phase 4.

I think people sometimes dislike these types of megadevelopments but I think they're vital to anchoring new neighborhoods (if done right) and downtowns, Eg Rockefeller Center. Or Eaton Centre.

Are there major hotels planned for any of these? I would think so.

Wrong thread but great to see The One is starting to impact the skyline!

Quote:

Originally Posted by Charmy2 (Post 10175259)

Wrong thread but great to see The One is starting to impact the skyline!

Oops! Thanks I'll move it. ;)

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

Epic drone shots from frequent flyer @hawc at UrbanToronto. @hawc has been steadily supplying fab drone shots of the Lower Don Lands transformation… and now has been flying over Southcore, the financial district and the Bayside waterfront.

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hawc
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hawc

In the centre is the now demolished LCBO lands, site of Menkes' 3 tower (up to 299 metres) Sugar Wharf Phase 2 mega-project. The 2 towers of Sugar Wharf Phase 1 are in the foreground on the left.

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hawc
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hawc
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hawc

This one was shot from only a few metres higher than SkyTower’s final height!

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hawc

Bonus pic from @hawc’s flight into the financial core of my favourite skyscraper on the continent… nearly 40 years young ;-).

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hawc

This old lady looking fine for her age.

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hawc

Toronto's Growing!

Quote:

Originally Posted by Maldive (Post 10168870)

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

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Jeff Morgan

I'm excited about this tower. I understand that as far as the total number of stories, 105 tall, this will be a world record for most residential stories in a building?

Also, I looked something up: In 2018, just 6 years ago, Toronto had about 61 official skyscrapers, 150 metres or taller completed and u/c Today we have, including u/c and 1 on hold, 126 skyscrapers right now. And back then we had just 246 total towers 100 metres or taller completed and u/c, and today we have 447 100 metres + towers completed and u/c in the city! That to me is amazing and shows just how fast the city is growing! We've basically more than doubled the number of 150 m skyscrapers build and u/c and added 201 total 100 m + towers in 6 years! That means including u/c towers, our skyline has more than doubled in 150 m + towers and grown by about 80% in 100 M + towers in just 6 years! :)

Pinnacle One Yonge | 344.9m | 105s | Pinnacle | Hariri Pontarini l u/c

This will sparkle ’n shine @ 105 storeys tall and forever change the downtown skyline. So much better than any renderings.

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tstormers

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