The appearance of scarcity fuels demand. Luxury marketing 101. I recall when the original developer of the Trump project announced with fervor that he had 'sold' the penthouse for some at the time astronomical sum- to himself.

"Hyper-luxury" doesn't exist yet at Yonge and Bloor. Maybe in 10 years.

It's cute that you believe these sales numbers. I would be nervous if my deposit money was tied up in this project. If the developer stops work for months and seemingly can't get a building permit in a reasonable time frame how is he supposed to construct the tallest building in Canada? Huge...

Does he even own the property? Wasn’t this the project bogged down by controversy involving the receiver and the various mortgage lenders?

My mistake. You are correct. Looks like 178,000 in NYC vs 60,000 in Toronto. Regardless, the City is a mammoth landlord and guess what? It’s a disaster.

That is the model. All 3 levels of government are currently subsidizing the construction of rental housing in Toronto. As well, TCHC is currently the largest landlord in the city and I believe in North America.

Dt, If you extract investment from the housing equation you’re left with less housing and, all other things being equal, more expensive housing as what’s left is bid up by the same pool of renters. Rents would probably be 20% higher today were it not for the massive amount of specuvestors...

AG, Yonge and Bloor is not Bellair and Bloor. The price per square foot is probably $500+ higher at Bellair.

I can only imagine the astronomical late penalties that would be owing to an anchor tenant like Apple if their space isn't delivered as scheduled.

Perhaps the parking issue is overlooked here. The reason local residents want on site parking for these mega developments is that they attract an enormous amount of vehicular traffic (whether you like it or not) and all that vehicular traffic will then spillover into the neighborhood if it...

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It reminds me of 157W57 in New York. The Park Hyatt. At least from the street.

It's more like 1 Bloor East.

Someone with more experience will complete it I'm sure.

Maybe he ran out of money?

Ask Harry Stinson.

This is meh? https://www.dezeen.com/2018/03/16/zaha-hadid-architects-completes-520-west-28th-street-condos-in-new-york/

And yet somehow the firm lives on posthumously..... https://www.zaha-hadid.com/

Toronto deserves the real thing. ?

That's a very cool shot Alex, thanks for sharing. The streetscape really hasn't changed much in 100 years, save for the car and what looks like some sort of garbage bin in the left.