yyzer
Senior Member
Thank you, Michael, for this information....
I have read this forum quit often as I work for one of the consulting firms that is working on this project. I am amaze at how little people understand all nuances of development industry. Very few people unless they are inside truly understand the complexity and size of this project. There is over a million s.q.ft of retail, hotel and residential space to be build at one of the busies corner's in Canada, and its all has to be co-ordinated with the City and TTC to minimize the disruption the area.And believe me to get sign off from TTC can be a trying experience. On top you have to co-ordinate with Bloor street improvement work that is going on.
I can only tell you what we been told.
1.Demolition is almost done.
2.Disconnect of all the services to the site is proceeding. That includes all the water, gas, hydro and all the sewers.
3. Ellis Don has been awarded the contract to build this building.
4.Shoring contract has been awarded already and so is water proofing and de watering.
5.All the consultants are being pushed to finish all the working drawing by the end of September. And let me tell you, all are working long hours.
6.Additional bore holes will have to be drilled to finalize the mat design, now that all the building are demolished.
Add during this time co-ordination of all Architectural, Structural and M/E drawings is going on. Every thing is beeing checked and double check.
Every one was told the financing is in place and a project is a go. Its being done out of Europe.
Hotel will be announced very soon as its in the final design stage, hotel company wanted to make sure that it works for them.
For the size of the project its moving with amazing speed. And yes Bazis wants to make sure that everything works and all of their cost are in line, I don't think you can blame them.
So will still don't know what Garth Turner was talking about? Did a condo actually come and go without anyone here noticing?
No, I'm not an industry insider. Does that mean that I am not allowed to express skepticism Mike? Isn't half the fun of a rumour the consideration of its legitimacy?
So Therion, was your client feeding you BS? Perhaps he's not such a good source. I don't think that sort of information can be kept quiet. Nine banks backing out would be big news.
Christ, it all makes sense now. 1BE is about to get swallowed by a black hole! I'd totally be backing out if I was Bazis too.
I have read this forum quit often as I work for one of the consulting firms that is working on this project. I am amaze at how little people understand all nuances of development industry. Very few people unless they are inside truly understand the complexity and size of this project. There is over a million s.q.ft of retail, hotel and residential space to be build at one of the busies corner's in Canada, and its all has to be co-ordinated with the City and TTC to minimize the disruption the area.And believe me to get sign off from TTC can be a trying experience. On top you have to co-ordinate with Bloor street improvement work that is going on.
I can only tell you what we been told.
1.Demolition is almost done.
2.Disconnect of all the services to the site is proceeding. That includes all the water, gas, hydro and all the sewers.
3. Ellis Don has been awarded the contract to build this building.
4.Shoring contract has been awarded already and so is water proofing and de watering.
5.All the consultants are being pushed to finish all the working drawing by the end of September. And let me tell you, all are working long hours.
6.Additional bore holes will have to be drilled to finalize the mat design, now that all the building are demolished.
Add during this time co-ordination of all Architectural, Structural and M/E drawings is going on. Every thing is beeing checked and double check.
Every one was told the financing is in place and a project is a go. Its being done out of Europe.
Hotel will be announced very soon as its in the final design stage, hotel company wanted to make sure that it works for them.
For the size of the project its moving with amazing speed. And yes Bazis wants to make sure that everything works and all of their cost are in line, I don't think you can blame them.
Garth Turner LOL, the guy is a politician.i dont believe a word he says.
You're right. Garth Turner didn't specify what building was off the market. But what is the point of stating this if you don't name the project. Used to be credible but once he became a politician he officially went over to "the other side". Complete hypocrite (typical politician). He would fit right in with this Putin-like illegal election we are now having.
You're right. Garth Turner didn't specify what building was off the market.