Toronto One Bloor West | 308.6m | 85s | Tridel | Foster + Partners

Will Skygrid value engineer the unit finishes ?

I cant see purchasers being happy switched from high quality finishes to mid market 1BE quality finishes
 
I dont think it's legal to substantially cheapen pre-construction units that have already sold. You can't promise full size luxury kitchen with a gas range and then switch it to kitchenette with an electric hotplate at the last second. If it was legal youd see loads of new fly-by-night developers popping up and pulling that bait and switch constantly.

But I think it's reasonable to replace the unsold units with cheaper quality studio/1 bed investor units. Yes, it would cheapen the exclusivity of the building, but at least those who have purchased wont have their actual units downgraded. Common areas would also be subject to cheapening.
A height decrease wouldnt make sense financially. The only way to reduce the loss of this building is to add as many entry level units as possible.
 
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at this point everything is speculation what it could be a case where the materials that were originally selected were not available or cannot be attained on time. I work in the hospitality industry at a ski resort where we do refurbs quite often and this happens on a regular basis where finishes can't be attained on time and I have seen some of our homeowners in our private units stick to their guns and not budge. This could have been the case that a product no longer was available and Sam would not budge on trying to source or replacement product of the same or possibly lesser quality. Just seems like everything on this project. He did to far too large of grandeur from the ACS and RCS systems used to the scale of the project. It was above him but let's hope we may be end up getting the end result we want
 
If Skygrid VE's everything, then it could turn out that the worst mistake Mizrahi made was going with Foster instead of sticking to a the original plan of hiring RAMSA, which would have also been beautiful but much simpler to build.
 
Lots of speculation here on the Chicken Little footing I dare say...

...not sure anything is going to change now from what is was before Mizrahi got unceremoniously removed from the driver's seat.
 
More comments from Mizrahi via Storeys: https://storeys.com/mizrahi-forced-out-the-one/

Under the new construction manager, no changes will be made to the outside of the building, Mizrahi says, noting that the skyscraper's hybrid exoskeleton is already more than halfway done, built up to the 53rd floor with 38 storeys left to go.

"It's the interior finishes that they're changing," Mizrahi said. "That, to me, is as fundamental as the exterior, especially for people who are buying at over $3,000 a square foot, right? This is the most expensive, highest real estate in Canada at the most prominent corner. This is not a formula-built building or a cookie cutter building. This is a high-end, luxury icon."
 
wmedia said:
Perhaps a future UT front page article should be an educational piece on what the roles and responsibilities of a property developer, architect, and general contractor actually are, so forum members don't get themselves in such a tizz.
Click to expand...
To be fair, Mr. 42 has given us plenty of finger wags in that regards... 😼
 
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