unrealestate said:
I cant imagine there's much profit left in this project. it was supposed to finish in 2024. An extra 2 years of interest at today's higher rates has gotta be painful
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I imagine there will be less projects in 2025, so there might be more workers at lower cost in market. perhaps things will accelerate
 
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March 21 - Friday morning. Interior courtyard second floor cladding activities have reached the point where they can be seen through the west entrance to the courtyard.

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thaivic said:
Unfortunately it doesn't work that way, contracts are signed ahead of time and unionized workers don't take pay cuts.
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So construction companies don't tend to sign on additional resources? Or are you saying if they do, it will have to cost the same as the existing crew?
 
Tyrang said:
So construction companies don't tend to sign on additional resources? Or are you saying if they do, it will have to cost the same as the existing crew?
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For better or worse the GC signs contracts with subcontractors so that they know what their costs will be and the owners sign contracts with the GC so that they know their cost structure. If you have a contract with a drywall company or with building envelope contractor you can't just start bringing in different companies that might be less expensive. Typically if the the owners want to have things done quicker they pay the extra cost, prime example is what happened with the Gardiner Expressway, the Province is paying for the work to continue 24-7 and it will be finished 1 year ahead of schedule, the extra costs is for overtime and for working night shifts and weekends they can't bring in another subcontractor to bring costs down.
 
Friday morning, March 28 - after another stretch in which the second floor cladding and glazing installation was takin place within the courtyard, work has now reached the south-east corner of the building, and is now visible from both Wellington and King Streets. Only a very small number of second floor sections remain to be done, and then hopefully soon work on the third floor cladding and glazing will be underway.

First photo shows the section being done this morning along with the south-west corner stretch - all that is remaining to be done for the second floor. New section is the unit on the left corner.

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From Wellington Street:

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From King Street:

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More cladding sections staged for installation:

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Civdis said:
Amazing shot hawc! Love your posts. I premise this by saying, I am getting on in age, but I remember when downtown density dropped off a cliff west of Simcoe! The convention centre was the only thing of substance. Now look at all that density, not just to Spadina but all the way to Bathurst!
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Thanks! Yeah often times I'm not quite sure what a shot looks like until I get it home and load it onto my widescreen monitor. And this was one of those shots where I went "WOAH!" when I saw it full size. The density is just nuts. I'm pretty sure at one point CityPlace (all the condos in the background) was the densest place in Canada with about 20,000 people living in there. But maybe that's been surpassed by Liberty Village now.
 
hawc said:
Thanks! Yeah often times I'm not quite sure what a shot looks like until I get it home and load it onto my widescreen monitor. And this was one of those shots where I went "WOAH!" when I saw it full size. The density is just nuts. I'm pretty sure at one point CityPlace (all the condos in the background) was the densest place in Canada with about 20,000 people living in there. But maybe that's been surpassed by Liberty Village now.
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St.James Town holds the crown as the densest neighborhood in Canada, followed by Humber Bay Shores. Once the First Capital development is completed, HBS will overtake St.James Town.

Nevertheless I echo the other comments, great shots!
 
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