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  #10241  
Old Posted Jan 11, 2019, 3:57 PM
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Quote:
Originally Posted by travis3000 View Post
One Bloor is having issues because the starting price is pretty close to $1,000,000 for the smallest unit , and half the tower is over $4 MILLION! It's going to take time. The fact that 75% of the tower is already sold out is good news. Hopefully Mizrahi can sort out the financing.

As for the Mirvish twins, I am told they aren't aiming for the luxury market. These will have bachelor units, 1 and 2 bedroom units. Many units starting around the 500k mark. It will sell, mark my words.
Minor nitpick. 75% of the units in The One have been presold. Only about 35 to 40% of the real estate value has been secured with those sales.

Mirvish should sell. It's a lot of units to sell There's a lot of competition from far reaching developers in a saturated ET market. It better be priced well. We'll have to wait and see.
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  #10242  
Old Posted Jan 11, 2019, 6:55 PM
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Originally Posted by TorontoDrew View Post
Hopefully Ghery will still be by the time they get built.
Not a likely proposition, unless they start digging yesterday. He's, what, well into his 90s? These things will take five years, best case.
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  #10243  
Old Posted Jan 11, 2019, 6:57 PM
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you never know, he can beat the odds and live upto 100.
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  #10244  
Old Posted Jan 11, 2019, 7:14 PM
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Originally Posted by Gresto View Post
Not a likely proposition, unless they start digging yesterday. He's, what, well into his 90s? These things will take five years, best case.
He's 89.
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  #10245  
Old Posted Jan 11, 2019, 8:49 PM
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Revised M+G - now incorporating hotel

329m and 301.55m tall to top of roof parapet





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  #10246  
Old Posted Jan 11, 2019, 9:05 PM
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That is some serious density.

The transparent sides have always scared me a bit since they look so... conceptual. It's hard to imagine a material that they execute that vision with properly.
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  #10247  
Old Posted Jan 11, 2019, 9:07 PM
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Let's get this into sales already!!!!!! It will be nice to see something break through the table top that the Entertainment District has turned into.
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  #10248  
Old Posted Jan 11, 2019, 9:31 PM
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Quote:
Originally Posted by suburbanite View Post
I was assuming luxury units given how much it's assumed they paid for the site as well as the hard costs of construction associated with actually carrying out Gehry's vision as per the earlier renders. If we're talking about $500,000 for a 500 SF bachelor unit that could still probably work.
$500,000 is basically the entry point for downtown real estate these days. I suspect in a couple of years it will be in the $1,000,000 range.
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  #10249  
Old Posted Jan 11, 2019, 9:40 PM
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Drawings indicate a potential hotel restaurant on the 91st floor as well
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  #10250  
Old Posted Jan 11, 2019, 9:47 PM
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I like this iteration of the towers the best, it looks pretty sweet.
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  #10251  
Old Posted Jan 11, 2019, 11:49 PM
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I asked the same question at UT but didn't get any response. does anyone know how long before this is approved and goes into sales?
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  #10252  
Old Posted Jan 12, 2019, 12:10 AM
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A video showing the new height on the M&G towers and a screenshot:

Video Link


[IMG][/IMG]
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  #10253  
Old Posted Jan 12, 2019, 1:55 AM
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Quote:
Originally Posted by uzi View Post
I asked the same question at UT but didn't get any response. does anyone know how long before this is approved and goes into sales?
Because no one knows. It's not for a variance of the approved design. It's a rezoning application. They are starting over.
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  #10254  
Old Posted Jan 12, 2019, 2:52 AM
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^that helps. thanks!
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  #10255  
Old Posted Jan 12, 2019, 6:26 AM
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This project has a long way to go before it gets into sales.
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  #10256  
Old Posted Jan 12, 2019, 6:26 AM
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Hopefully the street level treatment on the Mirvish and Gehry towers is okay....that concerns me the most since this project is so massive....(since it could be overlooked). I could care less for the towers, I'd rather just see the theatre(s) expanded rather than these towers in all honesty.
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  #10257  
Old Posted Jan 12, 2019, 5:08 PM
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Quote:
Originally Posted by caltrane74 View Post
This project has a long way to go before it gets into sales.
Not as long as you'd think. Its already been 6 years since it was first brought to light. I was told GG expects to start sales in 2020, construction in 2021. Its a massive project and won't likely be 100% finished for another 10 years.
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  #10258  
Old Posted Jan 12, 2019, 8:42 PM
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Has it's only been six years since we first heard of the project? In any case, the clock was reset to zero once GG purchased it from Projectcore. GG can say whatever they want about the construction timeline. They are in control of sales. They can start tomorrow if they want. They have no control on when they can build the 329 metre proposal. That is up to Council. The approved plan will be mostly used as a reference in determining to approve or reject the new proposal. It will not expedite the process.

A committee was created for the approved plan. Among other things, it specifically outline maximum heights. I don't recall the reasoning. While I think the drop in density will be welcomed, the additional height could be another thing based on that approved plan reference. We'll have to wait and see for the first report. 2021 for zoning approval, site plan, building permits is very aggressive for something this big. They "can" break ground tomorrow on the 305 metre version.
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  #10259  
Old Posted Jan 12, 2019, 9:44 PM
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This seems like a lot of effort to go through considering the already non-trivial amount of resources the city has expended on the previous plan.
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  #10260  
Old Posted Jan 13, 2019, 5:24 AM
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my guess is that for the taller tower the city will give 315m-320m to GG and 2nd tower will be at 290m-301m
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