rdaner said:
I wonder if cladding might not take too long as it is
only 16s.
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It’s a very wide building with a courtyard, so there’s lots of area of cladding to install. Also, the facades have a lot of articulation (especially facing King Street), so it’s not your typical glass tower with the walls that goes straight up which makes for a pretty straight forward installation.
 
From today:
IMG_7947.jpeg
IMG_7948.jpeg
 
70Challenger said:
Hopefully the reason it takes so long for cladding is because they refuse to VE.
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Westbank‘s philosophy is about uncompromising design and quality if you look at their other developments. They work with acclaimed architects and designers, and their developments are high design and luxury with prices to match. This what their purchasers are expecting and is what they are known for. It would be a real shame and huge missed opportunity if they took a Bjarke Ingels designed building and slapped on a ton of spandrel panels and outfitted the units with generic Toronto condo interiors and finishes.
Also, Westbank plans to set up their Toronto headquarters in the commercial space here so they have even more ownership in this project. This project is going to be their flagship development west of BC for good reason.

Their bonkers 335 page coffee table brochure/book for this project greatly shares the details of all of the features and design development that went into this building, so there has been a ton of work and thought that was put towards this, so any compromises or VE would be very disappointing.

This may be a vanity project, but for good reason and intensions, unlike what happened to The One.
 
neuhaus said:
Westbank‘s philosophy is about uncompromising design and quality if you look at their other developments. They work with acclaimed architects and designers, and their developments are high design and luxury with prices to match. This what their purchasers are expecting and is what they are known for. It would be a real shame and huge missed opportunity if they took a Bjarke Ingels designed building and slapped on a ton of spandrel panels and outfitted the units with generic Toronto condo interiors and finishes.
Also, Westbank plans to set up their Toronto headquarters in the commercial space here so they have even more ownership in this project. This project is going to be their flagship development west of BC for good reason.

Their bonkers 335 page coffee table brochure/book for this project greatly shares the details of all of the features and design development that went into this building, so there has been a ton of work and thought that was put towards this, so any compromises or VE would be very disappointing.

This may be a vanity project, but for good reason and intensions, unlike what happened to The One.
Click to expand...
This is all well and good until you realize that Westbank is teetering on the verge of bankruptcy. When your company is at stake you tend to make.. different decisions.
 
^Ok but what I don’t understand is how they can be on the edge financially while owning several development-ready parcels that could easily be sold?
 
rdaner said:
^Ok but what I don’t understand is how they can be on the edge financially while owning several development-ready parcels that could easily be sold?
Click to expand...
Land is still significantly cheaper than the cost to develop. They can be hundreds of millions in the hole but only have tens of millions of property.
 
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