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Old July 3rd, 2017, 07:30 PM   #181
SanFranRising
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Never say never. It can happen guys. It WILL happen and Toronto will get not just one supertall but I believe at least 3 in the near future. If it can happen here, in earthquake country (L.A and S.F), then surely supertalls can be be built in Toronto, too. It's just finding the right fit, purpose, financing and a company that is willing to take a chance and build it. I am sure that if it is not a Canadian company that steps up, some Chinese conglomerate would be more than willing to put up their own capital and build it. Right?
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Old July 3rd, 2017, 07:40 PM   #182
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I can see the hotel component being scrapped/reduced in scope. The casino would have brought in a ton of tourists and now it will have to draw from added convention business for the most part. The scale of the office proposal was independent of the casino. It was all office (not mixed use) and was designed based in response to conditions in the office market. The office vacancy rate remains extremely low and the office space being built isn't enough to satisfy the demand.

I'd be surprised if it got chopped down. It's early on so time will tell.
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Old July 3rd, 2017, 07:52 PM   #183
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Quote:
Originally Posted by SanFranRising View Post
I am sure that if it is not a Canadian company that steps up, some Chinese conglomerate would be more than willing to put up their own capital and build it. Right?
Oxford Properties has very deep pockets and are wholly owned by the Ontario Municipal Employees Retirement System (OMERS). They have $40 billion in assets and a portfolio encompassing 50 million square feet of office, hotel, retail, and industrial properties around the world. They're also the co-developer of Hudson Yards in New York.

Oxford are likely just getting all their ducks lined up... so to speak.
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Old July 6th, 2017, 10:18 PM   #184
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Quote:
Originally Posted by SanFranRising View Post
Never say never. It can happen guys. It WILL happen and Toronto will get not just one supertall but I believe at least 3 in the near future. If it can happen here, in earthquake country (L.A and S.F), then surely supertalls can be be built in Toronto, too. It's just finding the right fit, purpose, financing and a company that is willing to take a chance and build it. I am sure that if it is not a Canadian company that steps up, some Chinese conglomerate would be more than willing to put up their own capital and build it. Right?
Toronto has 2 supertall projects that are pretty much guaranteed to be constructed (The One (304m) is slated for construction in the fall, and One Yonge (307m) will start very soon as well).
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Old July 8th, 2017, 02:46 AM   #185
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Hard to say what vision Oxford has and how aggressive they are at securing a big tenant. There are other competitors with other proposals in the works. There's still CIBC Square and it still to be determined what the actual plan is for phase 2. Currently it is zoned for 54 storeys at 265 metres. It may be subject to change if Ivanhoe Cambridge secures more smaller tenants. Other office proposals are 160 front, Union Centre, and 30 Bay Street. It all depends from its competitors whoever can secure a big tenant the fastest will have their project go forward. Unless there's an official plan from Oxford, this project is in limbo.
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Old July 17th, 2017, 03:21 AM   #186
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