The white sheets are blindside waterproofing membrane, and the black spots are likely roller-applied bitumen or a similar type material to seal over the locations where they fastened/tied the waterproofing sheets back. Blindside waterproofing is used when it isn't possible to excavate beyond the perimeter wall, either because it is a zero-lot line situation (site or property boundary borders an existing foundation wall/site, street etc.) or where they cannot gain access to excavate.
 
Big rebar:
IMG_4177.jpeg
 
artemperederii said:
When does second tower start?
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Unknown, and I doubt if Great Gulf knows either. They'll probably try to market it as the first tower is completed so they can use that excitement to sell higher-priced units in the taller tower.

They're going to be looking for hundreds of people willing to pay ~$2500/sqft. The high-end market is still active but few customers with those funds want a 10th floor unit with zero view.
 
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It's already been pushed back quite a bit!
 
longfortheoldview said:
Is there a possibility that it wouldn't get built?
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It's possible this design won't get built, but even if Great Gulf goes bankrupt some developer will eventually build something in this location. Housing demand in central Toronto is still extremely high.

The inability to find buyers willing and able to pay a premium for this design and scale would kill it. Phase 1 sold quickly.
 
The first tower sold-out quicker and at higher prices than the developers expected.

Interest rates are crashing fast. Population is growing at rates never seen before in GTA.

2nd tower will get built, but they won't start preselling until the glut in GTA condos is absorbed.

Developers focus by dream impact (mpct-un.to) and others are PBRs using CMHC loans for 10 years at 3% and lower, not condos right now.
 
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