The 2028 occupancy makes more sense now starting to wonder if they have even started on the fit out of the residential units and if they might possibly be reorientating them to more market-friendly sizes such as one bedroom and two bedrooms
 
Today

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Photos taken today, Friday (Oct. 24). Since I posted last week, progress with the crown of the tower as the box-shaped core takes shape from only a few installed beams last week. Further down the tower, it seems the Rail Climbing Systems are no longer rising, as they have all been parked at level 70 for several weeks while we can see glass now installed on level 73 on the south face, up one floor from last week. So, only 11 more floors to go there and 2 of those floor are the mechanical section!

My usual pile of photos, with some cool light effects as clouds and sun break-throughs made for interesting contrasts.


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Sdosani said:
They have disclaimed my agreement of purchase and sale from 2017.
I received an email today notifying me of this. I assume its similar for you?
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Yes, I just received the same notice. Just hope we get our full deposits back. We should as they were insured. Wasted 8 years of returns (I don't expect much interest will be granted). To be honest, I expected this result and in this market, I am not all that disappointed. I can now look for a better deal in the resale market.
 
Sdosani said:
im kind of surprised given the lack of condo sales recently...I figured the only way they would take it back was if they thought they could sell it for higher than I paid? Maybe they think they can...who knows.
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My assumption would be it's for a material change in fit and finish, which would likely bring lawsuit from owners.
 
Collingwoodbuildinglover said:
The 2028 occupancy makes more sense now starting to wonder if they have even started on the fit out of the residential units and if they might possibly be reorientating them to more market-friendly sizes such as one bedroom and two bedrooms
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That is exactly what they are doing. Reducing the number of units and making them larger. The bank has deep pockets and it makes sense for them to slow down, redesign the suites for release in what will hopefully be a better market down the road 2 years. They are giving us purchasers a first right to purchase in the new redesigned tower (NOT!). They will be announcing a new hotel and relaunching sales in mid to late 2026.
 
Civdis said:
That is exactly what they are doing. Reducing the number of units and making them larger. The bank has deep pockets and it makes sense for them to slow down, redesign the suites for release in what will hopefully be a better market down the road 2 years. They are giving us purchasers a first right to purchase in the new redesigned tower (NOT!). They will be announcing a new hotel and relaunching sales in mid to late 2026.
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I've been wondering what they're waiting for to lease the retail and hotel since they look ready to be taken over and now it makes perfect sense that they haven't been leased. Tridel is going to start a business plan from scratch with a built tower around making the financials work, instead of trying to catch up to a plan from a decade ago.

The only thing that doesn't make sense is not taking the chance to maximize the height to have more room to work with and make back more of the investment. Adding 10 stories to an already under construction tower with the engineering to support it can't be that much more expensive and they'd have more revenue potential.
 
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