Really? Can't get any worse? How about total collapse of the eurozone, a housing market in the US that can't get any traction and won't likely for another couple of years... I think quite a few of the new proposals won't see the light of day.
 
I think Europe hit rock bottom a couple of months ago, they have secured financing for 1.5 trillion dollars of bailout in an emergency situation, worst case Italy, Spain and Portugal redo their debt vows with creditors.

United States hit rock bottom 3 years ago, they are projected to hit 3.5 to 4% growth for 2012.

Not bad.

Most Toronto projects will go ahead as planned, the more the world looks crazy the better Toronto looks for global investors seeking to stash their cash in real estate.
 
Automation Gallery said:
I dont know....other than a new war (which can very well happen), whats going on in Europe and the States cant get any worse,
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As Register said, Europe has not seen the worst yet and everything is still up in the air.

caltrane74 said:
I think Europe hit rock bottom a couple of months ago, they have secured financing for 1.5 trillion dollars of bailout in an emergency situation, worst case Italy, Spain and Portugal redo their debt vows with creditors.

United States hit rock bottom 3 years ago, they are projected to hit 3.5 to 4% growth for 2012.
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Where do you get your numbers from. Canada's GDP growth will be in the 2.0-2.5 range and that will be the best in the G7 world.
The US did not hit rock bottom. Unemployment has been up and down the housing market is in worse condition then in 2008.
Europe has "secured" financing before only to have to go back to the drawing board. Greece, Portugal and Italy are no where near being saved at the moment. Stick to talking skyscrapers.

This location would have been ideal for a 4star hotel.
 
Thanos said:
As Register said, Europe has not seen the worst yet and everything is still up in the air.



Where do you get your numbers from. Canada's GDP growth will be in the 2.0-2.5 range and that will be the best in the G7 world.
The US did not hit rock bottom. Unemployment has been up and down the housing market is in worse condition then in 2008.
Europe has "secured" financing before only to have to go back to the drawing board. Greece, Portugal and Italy are no where near being saved at the moment. Stick to talking skyscrapers.

This location would have been ideal for a 4star hotel.
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Hahaha..here you are with all this doom and gloom, and then you mention a 4-star hotel for this location...no Americans or Europeans coming this way with the world economy hiting rock bottom...better make it a 2-3 star just for locals.:D
 
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dt_toronto_geek said:
We'll never get to that point, this building frenzy can't last too much longer in fact I'd be willing to bet that half of what hasn't broken ground yet will not get built this cycle. What's happening in Toronto is nearing a tipping point of just not being sustainable. What happens in Europe and the US in the next two or three years will play a big role too.
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ok
 
Fountains are being tested today in Dundas Square. Not sure where to put this.
 
Lets not forget about this one for the Yonge street area
and looks like this proposal is still active and demolition of the heritage bldg. is anticipated for september.
from DCN http://www.dailycommercialnews.com/...c03a3a2c36e5&projectid=1182101&region=ontario

CONDO BUILDINGS, OFFICE SPACE, RETAIL
Proj: 1182101-26
Toronto, Metro Toronto Reg ON
NEGOTIATED/PLANS COMPLETE
Dundas Victoria Redevelopment, 21 Dundas Square Rd, SW corner of Victoria St and Dundas Sq, M5B
$50,320,000 est
Start: December, 2012 Complete: January, 2016

Note: Demolition is anticipated to begin in September 2012. All sub trades will be secured from an invited list. Further update fall 2012.
Page & Steele Inc and Diamond & Schmitt Arch Inc are working in joint-venture on this project.

Project:..cast-in-place concrete foundation, fuel fired heating system, construction of a mixed use building. The project proposes construction of a 40-storey mixed-use building with commercial office space of floors one through five, furnished commercial rental office space on floors six to sixteen, and condominium apartments on floors seventeen to thirty-five, with 245 condominium residential units. The project will also include renovation to the façade of a 15-storey heritage building on the site, including improvements to exterior cladding and windows. A second heritage building will be demolished to make room for this project.

Scope: 340,000 square feet; 40 storeys; 5 storeys below grade; 245 units; parking for 196 cars

Development: New

Category: Apartment bldgs; Commercial offices; Retail, wholesale services
 
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The Dundas/Victoria area is a great place to add some high rises and density. Currently it looks a bit tired and outdated. It is one of the best locations in town and we are not making the best use of it.
I also always imagine a very tall building at the NE corner, preferably a large hotel or office building, something like Pantages Tower.
 
caltrane74 said:
I think Europe hit rock bottom a couple of months ago, they have secured financing for 1.5 trillion dollars of bailout in an emergency situation, worst case Italy, Spain and Portugal redo their debt vows with creditors.
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Europe hasn't hit rock botton - that will happen when all this gets to France, a country whose finances are no better than Greece's and who just elected a socialist dreamer who LOWERED the retirement age and increased taxes to 75% top marginal. France is the big nasty out there. Oh, and Japan...
 
buildup said:
Europe hasn't hit rock botton - that will happen when all this gets to France, a country whose finances are no better than Greece's and who just elected a socialist dreamer who LOWERED the retirement age and increased taxes to 75% top marginal. France is the big nasty out there. Oh, and Japan...
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Well, thats a load on nonsense if every I heard one. Austerity has been a big problem, and not the best way to handle a recession. Most economists agree that a large influx of public money is really the most efficient way to get out of a recession, despite what a lot of people seem to think, and not austerity. Now I didn;t hear about the tax increase, or the retirement age increase, but in general at least socialist policy on recessions is actually much better than conservative policy on jump starting the economy. Trickle down economics does nothing. Getting people jobs allows them to spend which moves the economy. Sorry, didnt mean to get off topic but couldn't let that go with out a rebuttal.
 
This seems to be moving ahead, in September the Toronto and East York Community Council is being asked to agree to a sidewalk closure:

HNR Victoria Ltd. is demolishing No. 252 Victoria Street and constructing a 39-storey residential/commercial building. This project requires a temporary sidewalk and lane closure for a period of 40 months to enable construction to proceed.
 See: http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2012.TE18.63
 
There is now a large demolition company banner on the façade of 258 Victoria St.
 
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