OpenClosed said:
What does this mean for the height of the building?
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@DevDudeToronto's posted link says this:
The Reconfiguration Plan (as defined in the Second Report) approved by the Court pursuant to the Order (Reconfiguration and Letters of Credit Arrangement) on June 6, 2024, is advancing as planned and in accordance with applicable zoning requirements, site plans, and permits. Specifically, the Receiver and the Project’s consultants submitted an updated set of drawings reflecting the proposed changes contemplated by the Reconfiguration Plan to the City Planning Division, who has confirmed that the revisions are substantially in accordance with the approved site plan drawings. A revised building permit application is currently under review by the Toronto Building department and the Receiver anticipates that the revised building permit will be issued in the near term.
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Looking like they are sticking to 86 storeys:

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khaldoon said:
The term “Value Engineering” appeared multiple times. I know it makes sense for a receiver trying to cut cost as much as possible but ultimately wouldn’t value engineering lower the value of what you are trying to sell ?
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I am presuming VE here is they not going beyond 86 floors. And will unlikely spare anymore extravagances outside to what the receivership has already agree to cover in finishing this tower...

...I guess the silver lining here is that we as observers will unlikely notice anything untoward outside the tower other than it being shorter. Can't say the same for those living and working in there.

But yeah, it feels all pretty anti-climatic at the end of the day. And Tridel seems more of a foster parent taking in an unwanted child than that of a confident owner here. /sigh

Edit: I think Northern Light-san said this better over on the next page.
 
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Anyone done a floor count to check where we are as of today?
Guessing we wont' be far from the top now that it is confirmed at just 86 floors ...
 
khaldoon said:
The term “Value Engineering” appeared multiple times. I know it makes sense for a receiver trying to cut cost as much as possible but ultimately wouldn’t value engineering lower the value of what you are trying to sell ?
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It may; but keep in mind, there will be no change to the exteriors at this point, which is the largest chunk of 'sizzle' for the building, along with upper floor views.

Also, it's not as if a building in this pricing category is likely to drop fit and finish down to laminate counter tops and vinyl floors, that's just not a winning strategy.

The single biggest value get here is cutting down on larger units in favour of smaller ones, which, in general, will produce higher per ft2 revenue.

Other changes will likely be unseen by an end owner, (behind the walls), or the way in which construction is literally managed.

There may be some 'cheapening' of some unit interiors from luxury to middle.........we'll have to wait and see.
 
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