Tridel should take ownership of this property.
They call themselves the "New Stewards" of one Bloor West.

So they're like foster parents, they read the manual.

Why don't they just build it as high as they can, and call it "The Tridel".
They saved the project from collapsing, and "went beyond the architecture" like the founder always envisioned?

[I was adopted as a child, so I know how it feels to be the only one.]


Here's a video of Sam Mizrahi at his celebration when The One finally gets inaugurated without him...

Billy Joel — For The Longest Time

(he took his chances, alright.)

Sam Mizrahi:
 
Bob Sacamano said:
Tridel should take ownership of this property.
Click to expand...

Why? How?

The condo portion is partially sold off; Tridel, for all intents and purposes is working on behalf of the receiver to minimize the losses here.

A purchase of all the un-leased, and un-sold inventory here would be very high risk, and the receiver would have to believe that this produced the greatest value for creditors.

It doesn't really make sense.

Bob Sacamano said:
They call themselves the "New Stewards" of one Bloor West.
Click to expand...

They are, they managing the completion of the project, and the go-forward marketing and leasing of same.

Bob Sacamano said:
Why don't they just build it as high as they can
Click to expand...

Because there is no evidence they could cover the cost of construction and/or sales in so doing.

Bob Sacamano said:
, and call it "The Tridel".
Click to expand...

Because that would hurt sales.
 
Nintendo San Francisco officially opened last week:

www.nintendo.com

Nintendo SAN FRANCISCO – Official Website

Explore Nintendo's worlds and characters while shopping exclusive merchandise and the latest releases at Nintendo’s retail location in San Francisco’s Union Square. Shop, join events, and connect with fellow fans.
www.nintendo.com www.nintendo.com

Nintendo San Francisco is the second official Nintendo Store in the United States after the one in New York City.

It would be a golden opportunity for Nintendo to open a store at the ground-floor retail space of One Bloor West. It would be the first such store in Canada and the third such store in North America.
 
Bob Sacamano said:
Tridel should take ownership of this property.
They call themselves the "New Stewards" of one Bloor West.

So they're like foster parents, they read the manual.

Why don't they just build it as high as they can, and call it "The Tridel".
They saved the project from collapsing, and "went beyond the architecture" like the founder always envisioned?

[I was adopted as a child, so I know how it feels to be the only one.]


Here's a video of Sam Mizrahi at his celebration when The One finally gets inaugurated without him...

Billy Joel — For The Longest Time

(he took his chances, alright.)

Sam Mizrahi:
Click to expand...


I hope he is permanently blacklisted from property development. Every project he has been involved in has turned into a monumental disaster.


June 10, 2024
"Amidst drama surrounding The One development in downtown Toronto, receivership proceedings over a luxury condo project at 128 Hazelton Avenue in Yorkville have come to a head. According to court filings from KSV Advisory, Constantine first made their plea for receivership on February 22, with Mizrahi (128 Hazelton) Inc. and Mizrahi 128 Hazelton Retail Inc. named as the respondents, and Sam Mizrahi identified as the principal of both.
“CEI has lost confidence in Mizrahi and the Mizrahi Group’s ability to fulfill their financial obligations, past and ongoing,” Constantine’s April 26 affidavit explained, also citing a $47M debt and noting that numerous demands for payment have already been made. “The development of the Hazelton Project, a luxury condominium development in the heart of Yorkville, is at a standstill because of the lack of funding and the breakdown in the relationship between CEI and Mizrahi, to the detriment of stakeholders, including other lenders, and the occupants of the Hazelton Project.”

That same document also alleged that, “based on Mizrahi’s most recently delivered budget, the cost of the Hazelton Project will exceed Mizrahi’s initial budget by over $50M, and the estimated completion date is more than five years behind schedule based on Mizrahi’s current estimates. Additional funding is necessary to complete the Hazelton Project and the only viable lender is CEI. It is certainly not Mizrahi or the Mizrahi Group.”
 
Photos taken today, Friday (May 23). Not a lot of movement on the tower since I posted a week ago, one of the Rail Climbing Systems (RCSs) is up a floor, not much progress otherwise visibly apparent. Up at the top, it looks like the core is done - or is it? Maybe at 296m up there, not sure. The blue forms at the top seem to be at level 85 or so, with the steel beams for the top starting to be placed, but that was apparent a week or two ago. The blue forms doing the corners are where they were last week as well, looking like they are doing the corners for the 4th mechanical level at the 77th floor (not the 75th as I said last week). In a few weeks we'll presumably see them shift up as the last hanger section gets installed.

The north RCS is the sole one to have moved up since last week, joining the east one at installing the skin on the 60th level. The west RCS is at 59 still, and the south sorta-RCS is a bit below that. And a little bit more of the skin has been installed on level 60 on the south face. And speaking of the skin, they've not installed the skin for the area behind the crane for the third mega-section (i.e., between the 2nd and 3rd mechanical levels). This is in contrast to the second mega-section which has all that skin installed. I checked some older photos and when the second mega-section had the skin added, the area behind the crane was installed concurrently.

Decided to mix it up with some new or rarely seen vantage points, as there was little progress so a lot of shots would have been a repeat of last week's. Though, I still have some of the "classic" views posted again... So... starting with the view up Yonge Street, at Dundas, then from Carlton/College (yeah, kinda the same...). Then shots from Charles and Yonge, one showing the lack of skin behind the crane on the third mega-section in contrast to the second one, another showing some of that new skin on level 60 of the south face. The view from the alley/parking area behind Balmuto, up the crane. Then the view on Cumberland east of Bay including a closer shot showing the north and west RCSs, the north one now installing floor 60's skin. The "classic" view from the NE corner of Yonge and Bloor, followed by a view straight up towards the RCSs, showing some open windows. Next, some shots from UofT - all on Harbord, the first over Robarts Library, then two from just west of St. George. And final shots from Bloor Street West: from east of Spadina Road, then from Russett, a block west of Dufferin.

www.flickr.com

One Bloor West (The One) "time-lapse"

From October, 2020, as above-ground construction started in earnest at The One (1 Bloor W.) in Toronto. More or less a weekly photo usually taken on a Friday, with some gaps during early-on construction hiatuses. The initial photographs are from 2015, during demolition at the site, 2018, during...
www.flickr.com www.flickr.com

www.flickr.com

One Bloor West (The One) construction

Photos of One Bloor West (The One) construction progress, including a "before" shot from 2011 and several from 2015 after the demolition of Stollery's. Notable for becoming Canada's first supertall building, i.e., over 300 metres (985 feet) tall. (The CN Tower does not fall under the definition...
www.flickr.com www.flickr.com


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