Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

Civdis said:
This article quotes the 85 storey height ugh. It also quotes the late 2027 completion. I really do not understand that when it will likely be topped out by late spring 2025.
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First, re: 85 storeys

Skygrid seems to have convinced the receiver that dividing up the mostly unsold storeys into more, smaller suites per floor is the way to get the most money out of the building. I don't get it though; who would spend the elevated per square foot prices on tiny suites? If you're spending $2,000 per sq ft or whatever on a suite, you want space along with the luxury, and there's no way you're going to plop down $1,000,000 for only 500 sq ft.

Next, topping out and completion:

Completion does not mean opening or occupancy, as you'd know. It could easily begin occupancy sooner than two years after topping out, but I suspect that with this building being as tall/large as it is, that they expect that internal fit-out of every floor is going to take longer than usual, especially with so many unsold suites, and also with luxury finishes for the sold ones. Just guesses re: the fit-out though.

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interchange42 said:
First, re: 85 storeys

Skygrid seems to have convinced the receiver that dividing up the mostly unsold storeys into more, smaller suites per floor is the way to get the most money out of the building. I don't get it though; who would spend the elevated per square foot prices on tiny suites? If you're spending $2,000 per sq ft or whatever on a suite, you want space along with the luxury, and there's no way you're going to plop down $1,000,000 for only 500 sq ft.
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Weren't those top floors supposed to go for up to $4,000 /sq ft? Or was that just the penthouse level?
 
evandyk said:
Weren't those top floors supposed to go for up to $4,000 /sq ft? Or was that just the penthouse level?
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I think that $4,000 was just for the uppermost 4 storeys, but the $2,000 was just a guess for the below-the-penthouse section, probably too low though.

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Here is a comparison of The One on August 30, 2024, and today, as seen from Yonge Street just north of Queens Quay:
20240830_162617.jpeg

20241030_125754.jpeg
 
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