[thaivic]

I might be able to address specifics if you can give an example of for-profit private project that actually took 6, 7, 8+ years to complete. Gehry tower may be planned to take 6+ years to complete, I have no idea. But, I also don't see any action there. Let's stay out of hypotheticals, such as the Gehry towers. If you think back to projects that take 6+ years to complete they are generally projects that involves government, airports, dams, subway, etc. Theses projects are backed by governments that aren't looking at NPVs with discount rates of 5-8%. Governments take and must take much longer periods of time into account. Private investors want returns now and as high as possible. When your payback period is 6-8 years and your discount rate is 8% things get ugly fast. Not mention the risk associated with periods of 8 years. The odds of catching a market down turn when you project goes on this long is much higher.

Anyway find me a project that took 8 years to complete, was a success and we can pick apart why it's an exception. I suspect it'll be hard to find.

Monde by Great Gulf, acquisition of property 2010 to substantial completion end 2018

 

[evandyk]

Isn't it absolutely common for a project to take 8+ years from acquisition to completion?

 

[vinny_the_hack]

Isn't it absolutely common for a project to take 8+ years from acquisition to completion?

What isn't common is to have only five floors constructed 10 years after excavation started.

 

[interchange42]

What isn't common is to have only five floors constructed 10 years after excavation started.

10 years? Which project is that one?!

42

 

[innsertnamehere]

What isn't common is to have only five floors constructed 10 years after excavation started.

this started construction in 2011?

good to know this is "under construction"..

 

[thaivic]

What isn't common is to have only five floors constructed 10 years after excavation started.

Shoring started September 2017

 

[thaivic]

 

[The Preservationist]

I could see this taking a little more than 3 years to top out and almost another year to finish mechanical, cladding and the interior areas. I'm placing my bet on Dec 2025 for mostly complete.

 

[xy3]

I mean more like the stupid rhetoric about how there should be affordable housing in this building.

Or the general fact they push nimbyism over density in a housing crisis

I could understand them expecting the developer to donate funds for affordable housing where it makes sense to build it, like infill in tower-in-the-park inner suburbs.

But I agree affordable housing here is wasteful. You can build more units in a cheaper area and building.

 

[jibsta]

I could see this taking a little more than 3 years to top out and almost another year to finish mechanical, cladding and the interior areas. I'm placing my bet on Dec 2025 for mostly complete.

That would only be 1 year behind schedule.

 

[jibsta]

i wonder if the core will switch to a slip form self climber.

 

[dodgeram]

i wonder if the core will switch to a slip form self climber.

Yes, the core will have self-climbing formwork.

 

[UpwithOlives]

What isn't common is to have only five floors constructed 10 years after excavation.

Very true. And this certainly is not an example of such a timeline.

 

[Riseth]

It's been 4 years since excavation started here. Awhile has passed sure but certainly nothing unprecedented in the grand scheme of things. We're already starting to see the pace pick up a little.

 

[vinny_the_hack]

I accidentally referenced the date from the 1 Bloor East project.