[Benito]

Ongoing shoring work today.

 

[amin]

Only the case for underground level 4 according to these old plans.

AoD

This would be the underside of the ramp going up. At the lowest floor the ramp is founded on soil. it is mainly because the space under the ramp is useless and the construction of a suspended slab is difficult in the tight space. after the ramp goes up by about 7 feet above the finished grade it will change to structural slab. This is the case for most building.

 

[Contra]

nope, just not needed to meet the parking requirements. Most developments have some form of partial level of parking, no point excavating dirt you don't need to.

Makes sense.

 

[ProjectEnd]

So does this make Apple a certainty? That said, I wouldn't put it past the team involved to spin whatever yarn they had to to vend a property...

https://twitter.com/AlexColangelo/status/938800078365626368

 

[innsertnamehere]

Amazed the development potential isn't pushed more. I suspect whoever bought up Scotiabank could buy this guy up as well and put up another tower. Also funny how they are selling now vs 2 years ago when I am sure Mizrahi would have been very happy to pay a pretty penny for the property.

 

[Luke.Wong]

That H&M spot could easily house Downtown Toronto's second Uniqlo store.

 

[ProjectEnd]

Amazed the development potential isn't pushed more. I suspect whoever bought up Scotiabank could buy this guy up as well and put up another tower. Also funny how they are selling now vs 2 years ago when I am sure Mizrahi would have been very happy to pay a pretty penny for the property.

Development potential on this assembly isn't great. Separation from The One, Uptown and Manulife is pretty restrictive. Not great plate sizes. Scotia went for $74m two years back and the ask on this is likely around $80m. I'm sure they'll try and get it down to $70m but even then, you're paying $140-150m for something with sub-500sm plates iirc. It would be extremely difficult to make all that up in a high PSF number alone. Even at Yonge and Bloor, we're still Toronto, not New York, London or Hong Kong.

 

[innsertnamehere]

I'm aware it's tight. You can get it into the high 500's if you push the 25m separation and do 0m lot line setbacks. But yes, this is not a 750sm floorplate plot. The fact that Scotiabank sold for $74 million clearly means they are thinking development though, and substantial development at that.

 

[interchange42]

So does this make Apple a certainty? That said, I wouldn't put it past the team involved to spin whatever yarn they had to to vend a property...

https://twitter.com/AlexColangelo/status/938800078365626368

No, it doesn't. What would make it a certainty would be a contract that Mizrahi might have with Apple (which contractually he would not be able to comment on). If only the building were designed by Apple's chief architect, and there were renderings suggesting a store that sells products arrayed on minimalist wooden tables! If only!

42

 

[ProjectEnd]

I'm aware it's tight. You can get it into the high 500's if you push the 25m separation and do 0m lot line setbacks. But yes, this is not a 750sm floorplate plot. The fact that Scotiabank sold for $74 million clearly means they are thinking development though, and substantial development at that.

They can *think* all they want. The fact of the matter is if you're paying that much for land, you need both a substantial return and a pretty solid guarantee of that return. To me, this assembly has neither of those things.

And if you are going to make it up with high-psf' numbers, you can't even really market any south or east views as this will have none of them. And you can't even make up the lacking GFA with height since the larger structural requirements and increase in elevator cores will eat too much away at your efficiencies. And there's Bill 139 to worry about too...

 

[androiduk]

As I mentioned in another thread last week, Scotiabank is closing their Bloor & Church branch in April 2018 and moving all accounts to the Bloor/Balmuto location. It's unlikely anything's going to happen at that corner in the foreseeable future.

 

[Marq Up]

The East side still needs to be prepped (old foundations removed along Yonge) before any shoring work is done on that side. The prep work will only be done after the hoarding is moved to its permanent location. The hoarding will line up to the new walkway container that is already in place on Yonge and similar to what they have started doing on bloor.

 

[Contra]

Do we know if the parking levels will be a top down approach once the supercolumns are in place? (similar to Shanghai Tower albeit on a much, much, smaller scale).

 

[AHK]

Do we know if the parking levels will be a top down approach once the supercolumns are in place? (similar to Shanghai Tower albeit on a much, much, smaller scale).

For those not familiar with the Shanghai Tower - world's second tallest building, after the Burj Khalifa in Dubai. The Shanghai Tower is quite new, some interior finishing selected areas still to be completed. And as Contra says, much, much larger than The One. A couple of pictures from earlier today - the Shanghai Tower is the one with the slightly conical appearance.

 

[steveve]

BuzzBuzzHome did a short piece on The One from last months presentation gallery opening. It includes a few nice photos from inside and a short interview with Sam Mizrahi. Nothing really new, but provides some backstory into the Foster+Partners introduction.
Full Article Here: http://news.buzzbe.com/2017/11/new-presentation-gallery-the-one-residences-yorkville.html

Quotes from the article:

However, it was over 6,500 kilometres away in Monaco where the vision for The One really started to take shape. It was there that Mizrahi met one of the lead architects of Foster + Partners by chance. Mizrahi had previously approached the award-winning British architectural design and engineering firm, and had been corresponding with them in the hopes of arranging a meeting. They happened to be in the same town in the South of France where Foster + Partners designed the Yacht Club de Monaco along the harbour front. Surprised at the coincidence, they ended up meeting for a drink at the newly completed club.

(And confirming what many of us expected about the layouts and finishes):

Occupying the top six levels are The One’s expansive penthouse suites, which can be fully configured to any layout. Whether you desire a lap pool, garden area, zen spa or all three, the team at Mizrahi will work with you to design the home of your dreams.