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  #4201  
Old Posted Oct 21, 2016, 1:59 AM
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  #4202  
Old Posted Oct 21, 2016, 8:55 AM
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Glad you guys liked it! But damn, things move so fast in the skyscraper world sometimes. It was outdated even before it got published. Even as we worked on it, 391 Yonge got cancelled, and only a few days after finishing, the Chelsea Gardens towers were upgraded to twin 88 storeys, One Yonge was downsized from 320 metres to 307, and 2 Carlton St. was announced. Also talk of a supertall at Yonge/Gerrard too. Crazy stuff happening...
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  #4203  
Old Posted Oct 21, 2016, 2:22 PM
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Even with the size of those projects, wouldn't have made much of a difference in the scale of the rendering.

I can't imagine how huge the downtown core is 20 or 30 years from now, at this rate only Manhattan would be bigger, depending on if Chicago can go into a major construction growth spurt..
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  #4204  
Old Posted Oct 21, 2016, 2:28 PM
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Naw, a booming Chicago won't be able to compete at this rate.
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  #4205  
Old Posted Oct 21, 2016, 9:40 PM
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The only question is which Toronto or Chicago will have more stale proposals 5 years from now.
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  #4206  
Old Posted Oct 21, 2016, 9:51 PM
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Why would that matter? It doesn't represent anything.

The sheer number of proposals suggests Toronto will have more. That doesn't mean Toronto won't be completely outclassing Chicago in the number of skyscrapers under construction either.
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  #4207  
Old Posted Oct 21, 2016, 10:29 PM
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As the editor, it falls to you to change a proposal to a stale proposal, or cancelled... Which ones will get the axe?
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  #4208  
Old Posted Oct 21, 2016, 10:55 PM
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I don't know if I still want to do that. It's a calculated guess and I'm not Spock.
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  #4209  
Old Posted Oct 22, 2016, 6:04 AM
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Quote:
Originally Posted by WhipperSnapper View Post
Naw, a booming Chicago won't be able to compete at this rate.
Please elaborate.
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  #4210  
Old Posted Oct 22, 2016, 2:24 PM
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We are currently building 3 - 4 times faster than Chicago. And things are slow in Toronto right now, the demand is still great, so when things tick up we could be back in the 170-200 u/c at any given time in the distant future.

The one thing that gets me is that while Chicago can't build at the same clip as Toronto, they always seem to have at least one supertall UC at any given time. Toronto couldn't get a supertall UC if our lives depended on it.
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  #4211  
Old Posted Oct 22, 2016, 2:25 PM
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The rate at which Toronto is currently building.
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  #4212  
Old Posted Oct 22, 2016, 2:35 PM
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Quote:
Originally Posted by caltrane74 View Post
The one thing that gets me is that while Chicago can't build at the same clip as Toronto, they always seem to have at least one supertall UC at any given time. Toronto couldn't get a supertall UC if our lives depended on it.
Which just helps Toronto build more towers.

If Tokyo doesn't need a supertall why should Toronto?
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  #4213  
Old Posted Oct 22, 2016, 2:38 PM
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Quote:
Originally Posted by caltrane74 View Post
We are currently building 3 - 4 times faster than Chicago. And things are slow in Toronto right now, the demand is still great, so when things tick up we could be back in the 170-200 u/c at any given time in the distant future.

The one thing that gets me is that while Chicago can't build at the same clip as Toronto, they always seem to have at least one supertall UC at any given time. Toronto could get a supertall UC if our lives depended on it.
We never approached close to 200 high rises under construction during this boom and as long as heights continue to trend upwards, we probably won't see above 150 again.

Chinese are developing skyscrapers and supertalls all across the US and Chicago is no exception. Same will happen here. Once the ice breaks, the flood gates will open. The supertalls in Toronto will come in bunches.
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  #4214  
Old Posted Oct 22, 2016, 2:42 PM
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I was just giving a range.
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  #4215  
Old Posted Oct 22, 2016, 2:43 PM
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And it wasn't a reasonable representation
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  #4216  
Old Posted Oct 22, 2016, 4:20 PM
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Ok, thanks for elaborating Cal & Whip.
I guess what I was asking is why couldn't/can't Chicago boom at the same rate as Toronto ?
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  #4217  
Old Posted Oct 22, 2016, 4:52 PM
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Quote:
Originally Posted by craner View Post
Ok, thanks for elaborating Cal & Whip.
I guess what I was asking is why couldn't/can't Chicago boom at the same rate as Toronto ?
It's a second tier city in its country and also doesn't function as an immigrant gateway the way NY/LA and Texas operate. Also has a lower international profile than NY/LA/SF/Miami.

Toronto meanwhile is the principal city within its country and Canada has a high immigration rate, which naturally gets an above average level of immigration. The prairie cities and Montreal also get high levels of immigration, but due to the conflation of all the above factors, Toronto stands out in contrast to Chicago among the major RE investment source markets such as China, UAE, India and Russia.
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  #4218  
Old Posted Oct 22, 2016, 6:30 PM
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Quote:
Originally Posted by craner View Post
Ok, thanks for elaborating Cal & Whip.
I guess what I was asking is why couldn't/can't Chicago boom at the same rate as Toronto ?
Toronto's high rise apartment market has always been much larger and population growth is stagnant in Chicago. Office, which plays in their favour, will never accomplished what residential can.

I don't expect the current rate to be continue over a longer term. It could go up or down.

Last edited by WhipperSnapper; Oct 22, 2016 at 6:58 PM.
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  #4219  
Old Posted Oct 24, 2016, 12:03 AM
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Also, a house doesn't cost 1 million on average in Chicago..

That has to help keep the high rise home market active in Toronto..
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  #4220  
Old Posted Oct 24, 2016, 3:18 AM
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Chicago has 140+ million sq. ft. in DT alone, (Loop, Near West, North, Streetervile an East Side). With another 3+ million sq. ft. under construction. True the city's population is stagnant....Suburbs are growing at a manageable pace. And yes the average home in Chicago is almost half of what it is in Toronto!
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