AlvinofDiaspar said:
Given what the namesake has said over the past little while, you'd think that living in a Trump is increasingly a liability. Then again, maybe not.

AoD
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I doubt it. People who can afford to live in a Trump building likely don't care too much about what most people think of them, or Donald Trump.
 
picard102 said:
I doubt it. People who can afford to live in a Trump building likely don't care too much about what most people think of them, or Donald Trump.
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I hear they're all drug dealers, criminals and rapists. Some of them, I assume, are good people but they're definitely not our best...
 
stjames2queenwest said:
The portion of the light that is working is nice. Purple and teal are a good combo. It's just a shame you have to be at that intersection to see it.
Personally I think it says something that trump toronto comes on here and addresses our comments. You don't see anyone else doing that when we bad mouth other projects.

I actually like this tower... I just wish it didn't say trump at the top.
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One day it will make a great Mandarin Oriental - I wonder how long they are contractually obligated to keep the bigot's name on it?
 
Looks like they are still having the exact same problem with the light that has been a problem since it first started.

IIRC, the main power feed comes out at level 7, and then goes down and up. Going up, there is a another connection every 4 floors (I believe). Every four floors (IIRC) of the light-line was basically it's own "section". The top of the lit portion of the lightline in that pictures looks to be at around L11 or L12, which would place it at the exact location of that next connection and end of the first "section".

There was a design issue with this connection between sections of the light-line, but I can't remember exactly what it was.
 
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wopchop said:
Looks like they are still having the exact same problem with the light that has been a problem since it first started.

IIRC, the main power feed comes out at level 7, and then goes down and up. Going up, there is a another connection every 4 floors (I believe). Every four floors (IIRC) of the light-line was basically it's own "section". The top of the lit portion of the lightline in that pictures looks to be at around L11 or L12, which would place it at the exact location of that next connection and end of the first "section".

There was a design issue with this connection between sections of the light-line, but I can't remember exactly what it was.
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For the life of me I can't understand what the technical issue is, so someone smarter than I am please help. We are talking about running g electricity to light bulbs right?
 
UD2 said:
For the life of me I can't understand what the technical issue is, so someone smarter than I am please help. We are talking about running g electricity to light bulbs right?
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They're DMX controlled RGB LEDs, is the problem with the data feed or the power?
 
TheKingEast said:
Just get an agent to pull up the numbers. Anyways, I was reading an agent's blog and he posted all the sales data for the Ritz, 4Seasons, Trump and Shangri La. Trump data was pathetic. It also confirmed the stories I had heard about it.
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The "agent's blog" is David Fleming's Toronto Realty Blog post on June 19, 2015:
http://www.torontorealtyblog.com/archives/12599

Note:
311 Bay Street is the municipal address of the residential component on Floors 32-57 registered on December 13, 2012, as Toronto Standard Condominium Corporation No. 2279.
325 Bay Street is the municipal address of the hotel component on Floors 2-31 registered on October 22, 2012, as Toronto Standard Condominium Corporation No. 2267.

The full court ruling where two hotel investors lost:
http://www.thestar.com/business/rea...estors-lose-legal-fight-to-rescind-deals.html
is at:
http://canlii.ca/t/gk1l9

The case is Singh v Trump, 2015 ONSC 4461 (CanLII), and the judgment was released on July 10, 2015.
I have just quoted a few of the factual points.

[1] Sarbjit Singh, in one action, and Se Na Lee, in a second action, sue [names of all defendants]. Their actions concern their purchase of hotel condominium units in theTrump International Hotel, which is part of the Trump Tower, a 70-storey mixed-use complex at 325 Bay Street, in the City of Toronto.

[2] . . . The motions are test cases. There are 22 other actions with similarly situated plaintiffs claiming rescission and damages.

[72] On December 19th, 2006, Mr. Singh . . . agreed to purchase from Talon, as vendor, a Hotel Unit known as Unit 2202 for the purchase price of $869,000.00.

[77] . . . On April 10th, 2007, the Lees . . . discussed the possible purchase of Hotel Unit 1502 with a purchase price of $857,000.

[83] On April 18, 2007, the Agreement of Purchase and Sale signed by Talon along with a Disclosure Document dated September 15th, 2005 was mailed to the Lees.

[155] On January 23, 2012, purchasers were advised the Trump Hotel would be open for business on January 31st, 2012. It did open on that day.

[171] With the opening of the Trump International Hotel on January 31st, 2012, those purchasers of Hotel Units who took interim occupancy began to earn income from the nightly rentals of their Hotel Units.

[172] The Reservation Program was organized to provide quarterly operating statements to Hotel Unit owners approximately 30 days after the end of each quarter. During interim occupancy, purchasers received statements for the period February 24th to September 30th, 2012.

[173] All the purchasers lost substantial amounts of money in all three of the start-up quarters. Mr. Singh’s losses during interim occupancy totaled $29,113.62 (an average loss of about $4,076 per month). Mrs. Lee’s losses during interim occupancy totaled $36,288.16 (an average loss of about $5,080 per month).

[178] Mr. Singh was not able to obtain mortgage financing for his Hotel Unit, even though his wife was a mortgage specialist at RBC. The Hotel Unit was considered by banks to be commercial so a mortgage of 75% of the purchase price was not possible.

[179] Mrs. Lee was turned down by many financial institutions because the Trump Hotel was too new and lenders had difficulty appraising the value of a Hotel Unit. Eventually, she was able to get a mortgage from TD for $300,000 (only 35% of her purchase price, not the 65% in the Estimate). Mr. Lee arranged a line of credit out on the family home in the amount of $440,000 to have enough money for closing.

[183] On October 22nd, 2012 the Trump Hotel Condominium was registered . . . [as] Toronto Standard Condominium Corporation No. 2267.

[189] . . . Closing took place on December 14th, 2012. Of the 261 available Hotel Units, only 50 purchasers ultimately closed their transactions, including Mrs. Lee, although 206 units had been under contract for sale.

[192] As a result of the losses that purchasers had suffered during interim occupancy, some purchasers sought legal advice and commenced actions against Talon. Mr. Singh was one of them. He did not close. Mr. Singh commenced his action on November 30, 2012.

[196] Mrs. Lee’s operating losses from October 1, 2012 to December 31, 2014 total $134,576.92, which is 78.52% of her initial equity of $171,400. Her total losses to December 31, 2014 equal $991,576.92 ($857,000, purchase price, plus $134,576.92, operating loss).

[197] Mrs. Lee commenced her action for rescission or damages in February 2015.
 
When did they hang these signs from the canopy? Looks cheap.
trump.jpg
 

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Those black and white signs hanging from the canopy?
They are there temporarily to advertise the sales of the remaining units. Extremely poor marketing, IMO.
 
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