Koops65
Senior Member
A zoom-in and flyover:
- Thread starter golodhendil
- Start date
AlbertC
Superstar
Great Gulf's highest profile projects to date are Monde (Moshe Safdie) and One Bloor East (Hariri Pontarini). IMO, both are positive additions to the city.
Track record-wise, I find GG's track record to be fairly solid on their more conventional projects. Some of the older ones at the earlier stages of the boom like the Morgan, 18 Yorkville, X and X2, the Hudson, the Charlie were generally well received all around.
Yonge & Rich has been a major disappointment though in many ways. And has come as a surprising negative from one of the more consistent developers in the city.
They have a few other projects in the works right now like Home, 357 King West, and 8 Cumberland so hopefully they make a rebound in quality. In terms of timeline, GG's next projects being launched are Four Eleven King (@Spadina, former LCBO redevelopment) and the Clair (Yonge south of St. Clair).
Track record-wise, I find GG's track record to be fairly solid on their more conventional projects. Some of the older ones at the earlier stages of the boom like the Morgan, 18 Yorkville, X and X2, the Hudson, the Charlie were generally well received all around.
Yonge & Rich has been a major disappointment though in many ways. And has come as a surprising negative from one of the more consistent developers in the city.
They have a few other projects in the works right now like Home, 357 King West, and 8 Cumberland so hopefully they make a rebound in quality. In terms of timeline, GG's next projects being launched are Four Eleven King (@Spadina, former LCBO redevelopment) and the Clair (Yonge south of St. Clair).
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Midtown Urbanist
Superstar
The sale of East Harbour suggests that they aren't exactly struggling to stay liquid either.
innsertnamehere
Superstar
The sale of East Harbour could be a sign that they had liquidity problems, even if it is now resolved. They are carrying a huge mortgage on this property.. didn't they pay close to $300 million? Plus the mortgages on 411 King, Yonge and St Clair, and their project at Adelaide and Spadina which they have yet to submit, with the only one of those that seems to be moving even somewhat being 411 King. That's a lot of land to be sitting on in terms of value.
That said East Harbour was extremely profitable for them. I believe they purchased that site for about 1/10th of what they sold it for.
ProjectEnd
Superstar
Looking good:
travis3000
Active Member
^ Woo hoo. 7 years later after this announcement we finally have some scaffolding LOL. Towers should be topped out by the time Im in retirement.
ChesterCopperpot
Senior Member
That's not part of the project
NeilV
Active Member
This thread must be setting a UT record for greatest number of irrelevant bumps. Keep it up guys!
Mercenary
Active Member
I just hope Frank Gehry is alive to see this completed.
kotsy
Senior Member
FTFY
Transportfan
Senior Member
I knew that was coming...
mdriver
New Member
Why cant we get any updates as to what is happening?
karledice
Senior Member
Cause nothing is happening ? ? ? ?
travis3000
Active Member
Yeah this one looks stalled. Great Gulf bought it out 3 years ago and we still have crickets. No word of anything being started either.
khaldoon
Active Member
Well, GG bought it in Oct 17 so it has been just over 2 years. This time last year it was resubmitted:
urbantoronto.ca
Mirvish+Gehry Development Resubmitted as Two Supertalls | UrbanToronto
Great Gulf has submitted revised plans for the Mirvish+Gehry Toronto towers that makes them both 'supertalls', adds a hotel to the mix, along with other changes to the Frank Gehry-designed complex.