TORONTO | 1 Bloor East (Bazi's) | 953' Official / 915' Roof | 81 FL | NEVER BUILT

[M II A II R II K]

This will be located on one of Canada's most important intersections. Yonge & Bloor.

http://www.1bloor.com/

RENDERING



STREET LEVEL








Here are some shots of what's going on at the site at the end of last month, courtesy tomms at urbantoronto.

[CHAPINM1]

This one has been in the works for a VERY LONG TIME; however, it is great to see it finally see it happen! Great to see Toronto get a new 2nd tallest as well!

[Jobohimself]

I am impressed. Good job, TO.

[northwest2k]

Possibly the worst street name ever. "bloor" lol. But congratz to Toronto. It's a nice looking building. Although I'd rather it were an office tower but oh well.

[TOBoy]

The previous development was proposed by a Florida developer who left the Toronto mrkt to focus on its florida portfolio. This development is different, with a new developer and has been around about a year or so.

[koops65]

Great for Toronto for a new TALL building. (possibly to be a supertall) The first render is old and should be updated though... here's the newest I've seen...

It should also be noted that this tower, along with Aura (residences on College Park 3) and Signiture Tower (Cityplace) are in a sort of 'height war' for the tallest residential tower in Toronto (and Canada). I would also like to point out that Canada uses the Metric system, and the heights in the title should be in metric also.

[M II A II R II K]

Here's a picture I took the other day.

[Rizzo]

Originally Posted by M II A II R II K

Here's a picture I took the other day.

Thank God this mess is finally going. They aren't very attractive, despite being vintage building stock. On every visit to Toronto I always thought there was no way these structures were going to stick around much longer

[yyzer]

some recent pics by dt_toronto_geek, posted at the urbantoronto.ca forum, showing slow but steady progress on the demolition...(subway line and station are directly underneath)..



closer in, efforts are being made to save a window on the brick building centre right (not for facade, it will be carted away)...



and here's an historic pic showing the same buildings, many years ago...note the mansard roof on the building to the left, which is still there today, but now covered with ugly aluminum panels...



as of today, under the wrecker's ball...

[M II A II R II K]

Another update

Courtesy dt_toronto_geek @ urbantoronto.ca

[JDRCRASH]

Originally Posted by M II A II R II K

OH GAWD, that s**t is attractive!!! We sooo need that in L.A.!

[Dr Nevergold]

Originally Posted by JDRCRASH

OH GAWD, that s**t is attractive!!! We sooo need that in L.A.!

You SO can't have it!

[Davis137]

Looks like that'll be a pretty impressive building...

[yyzer]

Latest reports on urbantoronto.ca indicate that this project is presently still planned to go ahead....the hotel portion has been pretty much confirmed as a Sofitel....construction permits from the city of Toronto are still pending (since August/08)...

[sledhead35]

good to hear, this one is a beauty! although time is of the essence.

i had forgotten about it so i got excited seeing it for the first time, again lol.

[Dale]

Doesn't 953' make it a new tallest ? I thought 952' is the current tallest.

[M II A II R II K]

Actually the current tallest is 971'.

[Roaming]

wow this is going to look so amazing on the skyline!

[Dale]

Originally Posted by M II A II R II K

Actually the current tallest is 971'.

Thanks

[M II A II R II K]

Questions surround high-profile condo development

Published: Thursday, April 16, 2009

The construction site of "One Bloor" remains empty

Global News

An empty eyesore remains at one of downtown's prime intersections, and just 18 months ago it was set to be the hottest development in Toronto.

Condo hysteria swept the city back in November 2007, all because of a project called "One Bloor", an 80-storey building that took the housing boom to new heights.

Buyers camped outside the sales office for a week and prices shot up.

Mark Cosman got caught up in the hype and put down a deposit on a one bedroom suite.

"Bloor and Yonge, it couldn't be any better," said Cosman. "Centre ice in the City of Toronto."

Almost the entire building was sold, the site was quickly bulldozed, but construction never actually started.

Developer Bazis International is on its second extension of its condition date to start building.

Buyers are desperately trying to get answers.

"They're excited about the project, they're nervous about the project, but they're still hopeful," said Anna Cass from Royal LePage. "They want it to happen."

The holdup appears to be project financing that was tied up with Lehman Brothers, the failed U.S. investment bank. Lehman Bros. is now in bankruptcy court and that means the money that was supposed to help finance this project is tied up in the courts as well.

The developer has remained silent. Calls by Global News to Bazis International were not returned.

The project has not been cancelled but no one knows if or when it might be built.

"I was very happy with my investment intitially," said Cosman, "but now, if i could get out from a legal perspective, I would."

People who bought into One Bloor may still have a chance to walk away.

As of June 15, Bazis has 31 days to cancel the project at no risk to purchasers, or they can choose to proceed with construction.