"Prior to the conclusion of this working group meeting Councillor Wong-Tam told the
working group that a fourth session was being added and that the applicant was required
to bring in the requested 15, 20 and 25-storey renderings of the proposed building for
discussion.
During the July 25th, 2011 working group meeting the primary focus remained on height
and massing. At the beginning of the meeting the proponents lawyer noted only a
rendering of a 25-storey building was being provided as the applicant was not prepared to
build anything lower than this. He also noted they were trying to add amenity space to
the rooftop but were working through some technical issues."
So, they weren't prepared to build anything less than 25 storeys, meaning, hey, we can't make as big a profit if we build below 25 storeys. Anyway, so that's why the height on the application over at the OMB for this site is 25 storeys, not 30 storeys. I bet it's not going to get approved for 25 storeys, and they end up selling the land to Ryerson at a loss, but they'll have the honour of having the building named after them. Deal, no deal ?