Toronto Forma | 308m | 84s | Great Gulf | Gehry Partners

8 Spruce Street, the NYC apt that Gehry designed, took 5 years from ground-breaking to occupancy. But that's a 76-story rental that is not subject to pre-construction sales targets. Hopefully, Gehry will live long enough to see the inauguration of both MG buildings.

There is still significant demand for housing in Toronto; though whether at the price level that this project will command is to be seen. Given that Canada is a stable haven in a tumultuous world, Toronto R/E is seen as an attractive place to store value. Who knows how much longer this bubble will continue, but the fact remains that Toronto is very affordable by world city standards. Time will tell.
 
buildup said:
I continue to maintain this is surreal - no tall towers Under Construction. We can add the new proposal at Yonge & Gerrard, and probably Cumberland Terrace shortly. M&G haven't said a word in nearly 1/2 a year. This is starting to look like a big joke and tremendously discouraging.
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It has been added; that is a static image you're looking at, the list is on an updateable sheet.
 
For whatever it's worth, I note that somebody involved with this project continues to maintain its Twitter presence; I'll take that as some (very small) solace, seeing as it's evidence that someone sees the value in continuing to expend time and resources on it and believes there's value in maintaining a marketing presence.
 
On face book as well they post weird things. Last week they posted a link to a zaha hadid project with the tallest atrium. Not sure if that is somehow relevant? Maybe this will have an atrium?
 
I just saw this from BNN, article from February though so many of you probably have seen it:
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With all factors taken into consideration, it’s no wonder why developments are sitting stagnant for years, without so much as a shovel in the ground.
A high-profile example is the Mirvish+Gehry development at King Street and Duncan Street in Toronto's Entertainment District.
“We raced to approve this complex project, and it proceeded through the approvals process in a record breaking 18 months,” Keesmaat said. “However, it has now been 'sitting' for three years, as the developer is trying to pull together the builder and the funding to make it a reality.”
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There is a host of factors that can contribute to delays, and it's very difficult to know which are actually relevant to any particular development without having intimate knowledge of the project itself.

Jen's point isn't that this - or any other project - is in trouble; she's speaking in response to the claims that the Planning Department isn't approving projects quickly enough and the associated charge that Planning is contributing to the housing affordability problem.
 
the lack of construction of proposed units is at least partially attributable to the competence of various developers. It is one thing to manage to get a development approved, another to secure financing and to actually construct it.
 
ADRM said:
There is a host of factors that can contribute to delays, and it's very difficult to know which are actually relevant to any particular development without having intimate knowledge of the project itself.

Jen's point isn't that this - or any other project - is in trouble; she's speaking in response to the claims that the Planning Department isn't approving projects quickly enough and the associated charge that Planning is contributing to the housing affordability problem.
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Of course- this is often to the point that people complain about projects being held up by city hall when in reality it's far more likely to be held up by other factors and not "The bureaucracy"- much like how a simplified design is more related to a developer telling the architect to do a cost-cutting exercise rather than the DRP nixing any good design.
 
Mirvish Gehry is featured in he following article below .

http://www.metronews.ca/news/toronto/2017/04/17/john-street-cultural-corridor-funding-.html

The article talk about the John Street transformation. Phase 1 of John street project will begin in late 2018 or early in 2018 and phase 2 will be built at the same
time that Mirvish development. So from the article point, it won't be built anytime soon.
I begin to feel nervous about the Mirvish project folks .
 
enrigue8 said:
Mirvish Gehry is featured in he following article below .

http://www.metronews.ca/news/toronto/2017/04/17/john-street-cultural-corridor-funding-.html

The article talk about the John Street transformation. Phase 1 of John street project will begin in late 2018 or early in 2018 and phase 2 will be built at the same
time that Mirvish development. So from the article point, it won't be built anytime soon.
I begin to feel nervous about the Mirvish project folks .
Click to expand...

Nothing in that article ruled out phase 2 overlapping with phase 1. You can't really infer the city's expected M+G construction timelines from anything in that article.
 
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