There aren't 2400 people or families who want this kind of thing, regardless of the unit sizes. Bar none. Especially when someone who has a family can get a full house in Toronto for cheaper. The investor market fueled a lot of building starts [and hyperinflated PSFs which wont be coming down]...

Pinnacle, nor Toronto, more broadly, are ready to absorb this kind of thing for at least a decade. In that time this will evolve just like the first Phases of buildings did. Nothing presented here is even close to 'baked'.

With the recent demise of Brook McIlroy, are these things once again entirely vacant? Yes.

One crane here @Paclo

cAnAdA iS gOiNg To BuIlD HiGh SpEeD rAiL! (No we absolutely are not).

I can't get my head around the intent here. Still condo tenure (for now), but no material sales and no current public sales program...

Imagine having a 14 storey zoning in hand, then spending 2 years trying to get 48 storeys only to settle at 4 more in the end. The IRR has to be negative...

Weird move. This kind of entitlement doesn't secure the paper value it might have a couple years back. Zonings like this aren't worth the $2M in invoicing and fees it takes to get the density secured.

Not a damn chance.

Gotta hand it to 'em, this does look really good.

Not shoring, geothermal drilling: https://www.linkedin.com/posts/amelillo_gorgeous-spring-day-visiting-our-project-activity-7444411370848063488-7i8Q?utm_source=share&utm_medium=member_desktop&rcm=ACoAABWhmzUBq-Jp8RwVbzxxEJzQwZTjzDTob74

Above grade now: