Toronto's Mega Boom - Page 7

oceanmdx · April 18th, 2012, 03:56 PM

oops... double post.

isaidso · April 20th, 2012, 09:29 AM

Quote:

Originally Posted by oceanmdx

so the land went from weak hands to strong hands... and they came up with this new, but shorter building.

There was nothing weak about the developer, Bazis. They had the misfortune of pairing with one of those big US investment banks that went belly up during the financial crisis down there. With their financier gone, they had to abandon the project. Bazis is still very much in business with a number of projects in Toronto.

oceanmdx · April 20th, 2012, 04:18 PM

Quote:

Originally Posted by isaidso

There was nothing weak about the developer, Bazis. They had the misfortune of pairing with one of those big US investment banks that went belly up during the financial crisis down there. With their financier gone, they had to abandon the project. Bazis is still very much in business with a number of projects in Toronto.

If they were so strong financially, they should have been able to go it alone, or at least hang in there long enough to interest some other financial institution to take the place of Lehman Brothers (which failed).... but they could not... Instead, they had to sell the land (arguably the most prime piece of property in Canada) to raise money so that they could meet there debt obligations elsewhere.... this meets my concept of "weak hands" if not yours.

http://dcnonl.com/article/id34752

http://urbantoronto.ca/forum/archive...748-p-17.html?

isaidso · April 21st, 2012, 12:36 PM

Quote:

Originally Posted by oceanmdx

If they were so strong financially, they should have been able to go it alone, or at least hang in there long enough to interest some other financial institution to take the place of Lehman Brothers (which failed).... but they could not...

It's not as simple as that. All new financing dried up during the financial crisis. No one was lending out money. They had to walk away.

oceanmdx · April 21st, 2012, 02:52 PM

Quote:

Originally Posted by isaidso

It's not as simple as that. All new financing dried up during the financial crisis. No one was lending out money. They had to walk away.

But the developers that had financing from Lehman Brothers on other projects where able to hanging in there (after going through a delay) and eventually go into construction.... MaRS Phase II is one such development for example. Bazis was unable to do that.... and then of course over 100 other projects continued on their merry way, despite the credit issues at the time. I mean most didn't have to walk away.

Jaborandi · April 22nd, 2012, 02:14 AM

Quote:

Originally Posted by oceanmdx

But the developers that had financing from Lehman Brothers on other projects where able to hanging in there (after going through a delay) and eventually go into construction.... MaRS Phase II is one such development for example. Bazis was unable to do that.... and then of course over 100 other projects continued on their merry way, despite the credit issues at the time. I mean most didn't have to walk away.

Those 100 other projects were not financed by Lehman Brothers. As isaidso said, new financing dried up. Those other projects with secured funding from other sources were not affected and thus carried on their merry way as you put it. In the end, it was a blessing since we are getting a better product than was originally planned, and Bazis, no matter how naff they might be, are still in business.

oceanmdx · April 24th, 2012, 02:41 AM

image hosted on flickr

Skyline by tyler hayward, on Flickr

oceanmdx · April 27th, 2012, 04:30 AM

isaidso · April 27th, 2012, 04:44 AM

Lakeshore Boulevard is awesome.

Alphaville · April 27th, 2012, 04:56 AM

It reminds me somewhat of Melbourne and it's Bay.

***Svartmetall*** · April 27th, 2012, 01:50 PM

Quote:

Originally Posted by isaidso

Lakeshore Boulevard is awesome.

The skylines in the background are nice, but the roads kinda spoil the foreground and lakefront to me. But a really nice photo all the same.

MPJK · April 27th, 2012, 08:16 PM

Does Toronto have any suburbs that are entirely (or mostly) mid- to high-rise apartments? I'm curious to know if apartment life is quite common there in certain areas. Also, are apartments quite expensive there? And are most of them situated near metro stations?

oceanmdx · April 27th, 2012, 09:06 PM

Check out post #68... not sure of the prices, but they have been going up.

oceanmdx · April 27th, 2012, 09:13 PM

Toronto is the capital of the province of Ontario, and in the lower centre of the photo can be seen the Legislative Assembly of Ontario... the University of Toronto is to the right of it.

oceanmdx · April 28th, 2012, 01:51 AM

Sky_Is_The_Limit · April 28th, 2012, 03:10 AM

Quote:

Originally Posted by oceanmdx

Toronto is the capital of the province of Ontario, and in the lower centre of the photo can be seen the Legislative Assembly of Ontario... the University of Toronto is to the right of it.

That is an awesome shot!

oceanmdx · April 28th, 2012, 05:24 AM

Yes, the wide road is University Avenue... one of my favorite parts of Toronto.

isaidso · April 29th, 2012, 12:02 PM

Quote:

Originally Posted by Svartmetall

The skylines in the background are nice, but the roads kinda spoil the foreground and lakefront to me. But a really nice photo all the same.

I agree with you. The Gardiner Expressway was built in the 1960s and cut Torontonians off from their water front. That giant park with the pond is called High Park and used to stretch right to the water's edge, terminating at Sunnyside Pavillion. It was a huge magnet for Torontonians in the summer time attracting tens of thousands of people. It had a Coney Island atmosphere to it. After the Gardiner was built, Sunnyside fell into immediate and steep decline from which it has never recovered.

Toronto is only now improving north-south links to the water to mitigate the effects of the highway. The Gardiner should have been a tunnel, but we're likely stuck with it now. On the bright side, it's a great drive into the city and the waterfront has remained green. There's a bike path, beaches, and boating. All are heavily used when the weather permits.

Sunnyside Pavillion Today

isaidso · April 29th, 2012, 12:23 PM

Quote:

Originally Posted by Sky_Is_The_Limit

That is an awesome shot!

One of my favourite's too. University Avenue is Toronto's ceremonial avenue and definitely our grandest. Here's a close up of that street.

University Avenue

oceanmdx · April 30th, 2012, 04:09 AM

image hosted on flickr

Toronto skyline by preeteesh.16, on Flickr

April 27th, 2012, 04:44 AM	#129
isaidso the new republic Join Date: Mar 2007 Location: The United Provinces of America Posts: 18,886 Likes (Received): 450	Lakeshore Boulevard is awesome. __________________ World's 1st Baseball Game: June 4th, 1838, Beachville, Ontario, Canada North America's Oldest Pro Football Teams: Toronto Argonauts (1873) and Hamilton Tiger Cats (1869) I started my first photo thread documenting a recent trip to Halifax, Nova Scotia. Have a peek: http://www.skyscrapercity.com/showthread.php?t=724898

April 27th, 2012, 04:56 AM	#130
Alphaville Registered User Join Date: Nov 2007 Location: Sydney. Posts: 3,787 Likes (Received): 44	It reminds me somewhat of Melbourne and it's Bay. __________________ i'll drop my gun, if you drop your pants.

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April 18th, 2012, 03:56 PM	#121
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8	oops... double post.

April 24th, 2012, 02:41 AM	#127
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8	image hosted on flickr Skyline by tyler hayward, on Flickr

April 27th, 2012, 04:30 AM	#128
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8

April 27th, 2012, 08:16 PM	#132
MPJK Registered User Join Date: Apr 2007 Location: Sydney Posts: 529 Likes (Received): 107	Does Toronto have any suburbs that are entirely (or mostly) mid- to high-rise apartments? I'm curious to know if apartment life is quite common there in certain areas. Also, are apartments quite expensive there? And are most of them situated near metro stations?

April 27th, 2012, 09:06 PM	#133
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8	Check out post #68... not sure of the prices, but they have been going up.

April 27th, 2012, 09:13 PM	#134
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8	Toronto is the capital of the province of Ontario, and in the lower centre of the photo can be seen the Legislative Assembly of Ontario... the University of Toronto is to the right of it.

April 28th, 2012, 01:51 AM	#135
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8

April 28th, 2012, 05:24 AM	#137
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8	Yes, the wide road is University Avenue... one of my favorite parts of Toronto.

April 30th, 2012, 04:09 AM	#140
oceanmdx Mr. Haney for President Join Date: Dec 2004 Location: Vancouver/Cabo San Lucas Posts: 2,449 Likes (Received): 8	image hosted on flickr Toronto skyline by preeteesh.16, on Flickr