Canada Tower; possibly W Hotel & Residence (70 Temperence St) | Proposed | 54 st | 188 m | Financial District

Straight and Tall · November 9th, 2007, 09:01 PM

Hey guys, I haven't seen anything about this building here yet. I just tripped across it screwing around with google. Here's the link. http://www.stephenwclarke.com/ftt/index2.htm

***Taller, Better*** · November 9th, 2007, 09:04 PM

I believe that is an old, old proposal from the past that never got off the ground. I think it was on the plot of land that two subsequent Sapphire proposals were designed for. I remember going through the sales centre years ago if that is the one I am thinking of.

DrT · November 9th, 2007, 09:18 PM

That location is the empty lot where the Sapphire Tower was to be built.
BTW, welcome to the forum.

Straight and Tall · November 9th, 2007, 09:24 PM

Thanks. Figures I look like a moron on my first thread/post. Next time I'll do a little more research before posting.

camel_trainer · November 9th, 2007, 09:42 PM

Quote:

Originally Posted by Straight and Tall

Thanks. Figures I look like a moron on my first thread/post. Next time I'll do a little more research before posting.

Everybody's done it. You'll learn that you have to be pretty sharp to catch a new development of that magnitude that no one on this forum has seen or heard of. Some of these guys eat, sleep and breathe this stuff. Which is a good thing.

WinnipegPatriot · November 9th, 2007, 10:50 PM

Kinda nice!!

Regan4000 · November 10th, 2007, 12:18 AM

Yeah, I liked that at the time, but looking at it now, I'm glad it never took off. Same with Sapphire.

What's on and/or planned for that site?

Jackhammer · November 10th, 2007, 02:18 AM

Quote:

Originally Posted by regan

Yeah, I liked that at the time, but looking at it now, I'm glad it never took off. Same with Sapphire.

What's on and/or planned for that site?

For sale ... wanna buy it?

Straight and Tall:
Welcome aboard. No worries about the fumble, you can't learn if you don't ask. That said, there are few people here that would ream you for it and may still ...... ignore them .... most folks here are friendly. So how long have been lurking?

Dino Domingo · November 10th, 2007, 05:09 AM

Wow... when you look at it now, after all this time, I'm glad it wasn't built. It's uuuuuugly.

Eesh.

***Elkhanan1*** · December 11th, 2007, 01:58 AM

Sounds like its going on the Stinson lot.

Mishorim and Israel Land planning NIS 1b Toronto skyscraper
Skyline International Development plans to float on London's AIM.
Globes' correspondent 10 Dec 07 15:25

Israel Land Development Company (TASE: ILDC) amd Mishorim Development Ltd.'s (TASE:MSHR) Canadian real estate subsidiary Skyline International Development Inc. have bought a lot in downtown Toronto from the property's receiver for C$24.1 million (NIS 92 million). The lot is occupied by a parking lot, and Skyline plans to develop a 41,750-square meter 55-storey office, hotel, and residential skyscraper on the lot. The company also plans to apply to add 5,000-10,000 square meters in building rights.

Israel Land estimates the cost of construction, not including financing expenses, at C$138 million (NIS 527 million) and predicts a profit of $115 million (NIS 440 million) on C$253 million (NIS 967 million) proceeds.

Israel Land owns 30% of Skyline and Mishorim, controlled by president Gil Blutich, owns 66.8%. Skyline plans to hold an IPO on London’s Alternative Investment Market (AIM) on the basis of a company value of 209 million Canadian dollars made by Grant Thornton Canada LLP.

Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

***Taller, Better*** · December 11th, 2007, 02:04 AM

hmmmmmmmmmm... what does this all mean?

Filip · December 11th, 2007, 02:06 AM

Quote:

Originally Posted by Taller, Better

hmmmmmmmmmm... what does this all mean?

It means it'll be cheap.

138 million for a 55 storey tower is laughable. For example, RBC is in the neighbourhood of 400 million.

KGB · December 11th, 2007, 02:56 AM

Quote:

138 million for a 55 storey tower is laughable. For example, RBC is in the neighbourhood of 400 million.

RBC is an office building, which has a much higher construction cost per sqft than residential...and RBC is more than 450,000 sqft.

More than $300 per sqft of construction cost on a residential building is not that cheap.

KGB

Filip · December 11th, 2007, 02:57 AM

Quote:

Originally Posted by KGB

RBC is an office building, which has a much higher construction cost per sqft than residential...and RBC is more than 450,000 sqft.

More than $300 per sqft of construction cost on a residential building is not that cheap.

KGB

Hmm guess I didn't read it properly. This is a mixed use building though, and by its square footage, a pretty thin one.

KGB · December 11th, 2007, 03:04 AM

It also appears that they hope to add about 8-14 floors on to it. Hopefully they will start marketing the building as is, and add the floors when and if they get approval for the additional square footage.

The problem of course, is that damned shadow issue with NFS, which stopped the 1100 footer that was planned for the site (as if Stinson could have actually got it off the ground anyway).

KGB

Filip · December 11th, 2007, 03:16 AM

Quote:

Originally Posted by KGB

It also appears that they hope to add about 8-14 floors on to it. Hopefully they will start marketing the building as is, and add the floors when and if they get approval for the additional square footage.

The problem of course, is that damned shadow issue with NFS, which stopped the 1100 footer that was planned for the site (as if Stinson could have actually got it off the ground anyway).

KGB

It'll be fascinating to see this plan evolve. But I was under the impression that the Blackstone Group was buying up that site and surroundings for a new development. Guess V of E was off, or I misunderstood...

ale26 · December 11th, 2007, 03:47 AM

where is this land exactly ?

Jackhammer · December 11th, 2007, 03:55 AM

Quote:

Originally Posted by Filip

It'll be fascinating to see this plan evolve. But I was under the impression that the Blackstone Group was buying up that site and surroundings for a new development. Guess V of E was off, or I misunderstood...

Blackstone purchased the building adjacent to the parking lot. This was the building Harry aquired after the purchase of the parking lot.

Jackhammer · December 11th, 2007, 03:58 AM

Quote:

Originally Posted by KGB

It also appears that they hope to add about 8-14 floors on to it. Hopefully they will start marketing the building as is, and add the floors when and if they get approval for the additional square footage.

The problem of course, is that damned shadow issue with NFS, which stopped the 1100 footer that was planned for the site (as if Stinson could have actually got it off the ground anyway).

KGB

1100 feet is out but the shadows of a 65 story structure around 200m would not encroach upon NFS.

Waterloo_Guy · December 11th, 2007, 04:00 AM

This is the Sapphire site? How will they get around the height issue? Hmmm.

November 9th, 2007, 09:01 PM	#1
Straight and Tall Registered User Join Date: Oct 2007 Location: GTA Posts: 15 Likes (Received): 0	Canada Tower; possibly W Hotel & Residence (70 Temperence St) \| Proposed \| 54 st \| 188 m \| Financial District Hey guys, I haven't seen anything about this building here yet. I just tripped across it screwing around with google. Here's the link. http://www.stephenwclarke.com/ftt/index2.htm Last edited by Elkhanan1; June 26th, 2010 at 09:58 AM.

November 9th, 2007, 09:04 PM	#2
*Taller, Better* Administrator Join Date: Aug 2005 Location: Toronto Posts: 52,823 Likes (Received): 302	I believe that is an old, old proposal from the past that never got off the ground. I think it was on the plot of land that two subsequent Sapphire proposals were designed for. I remember going through the sales centre years ago if that is the one I am thinking of. __________________ Please visit my photoblog! Montréal \| Mexico \| Niagara-on-the-Lake \| Brazil \| Hamilton aka "The Hammer"! "Fine words butter no parsnips"-17th Century proverb.

December 11th, 2007, 01:58 AM	#10
*Elkhanan1* Moderator Join Date: Oct 2007 Location: Toronto/São Paulo Posts: 4,365 Likes (Received): 5	Israelis to build 55-storey tower downtown Sounds like its going on the Stinson lot. Mishorim and Israel Land planning NIS 1b Toronto skyscraper Skyline International Development plans to float on London's AIM. Globes' correspondent 10 Dec 07 15:25 Israel Land Development Company (TASE: ILDC) amd Mishorim Development Ltd.'s (TASE:MSHR) Canadian real estate subsidiary Skyline International Development Inc. have bought a lot in downtown Toronto from the property's receiver for C$24.1 million (NIS 92 million). The lot is occupied by a parking lot, and Skyline plans to develop a 41,750-square meter 55-storey office, hotel, and residential skyscraper on the lot. The company also plans to apply to add 5,000-10,000 square meters in building rights. Israel Land estimates the cost of construction, not including financing expenses, at C$138 million (NIS 527 million) and predicts a profit of $115 million (NIS 440 million) on C$253 million (NIS 967 million) proceeds. Israel Land owns 30% of Skyline and Mishorim, controlled by president Gil Blutich, owns 66.8%. Skyline plans to hold an IPO on London’s Alternative Investment Market (AIM) on the basis of a company value of 209 million Canadian dollars made by Grant Thornton Canada LLP. Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2007 © Copyright of Globes Publisher Itonut (1983) Ltd. 2007

December 11th, 2007, 02:04 AM	#11
*Taller, Better* Administrator Join Date: Aug 2005 Location: Toronto Posts: 52,823 Likes (Received): 302	hmmmmmmmmmm... what does this all mean? __________________ Please visit my photoblog! Montréal \| Mexico \| Niagara-on-the-Lake \| Brazil \| Hamilton aka "The Hammer"! "Fine words butter no parsnips"-17th Century proverb.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

November 9th, 2007, 09:18 PM	#3
DrT "The Ignorant Fool" Join Date: Jun 2005 Location: JAX,MCO,YVR,YYZ,SRQ Posts: 2,595 Likes (Received): 1	That location is the empty lot where the Sapphire Tower was to be built. BTW, welcome to the forum.

November 9th, 2007, 09:24 PM	#4
Straight and Tall Registered User Join Date: Oct 2007 Location: GTA Posts: 15 Likes (Received): 0	Thanks. Figures I look like a moron on my first thread/post. Next time I'll do a little more research before posting.

November 9th, 2007, 10:50 PM	#6
WinnipegPatriot Registered User Join Date: Apr 2005 Location: Winnipeg, MB Posts: 3,295 Likes (Received): 2	Kinda nice!!

November 10th, 2007, 12:18 AM	#7
Regan4000 BANNED Join Date: Apr 2005 Posts: 585 Likes (Received): 0	Yeah, I liked that at the time, but looking at it now, I'm glad it never took off. Same with Sapphire. What's on and/or planned for that site?

November 10th, 2007, 05:09 AM	#9
Dino Domingo Canadiense Join Date: Jan 2005 Location: The T-Dot Posts: 1,267 Likes (Received): 0	Wow... when you look at it now, after all this time, I'm glad it wasn't built. It's uuuuuugly. Eesh.

December 11th, 2007, 03:04 AM	#15
KGB Registered User Join Date: Sep 2002 Location: TO Posts: 5,820 Likes (Received): 1	It also appears that they hope to add about 8-14 floors on to it. Hopefully they will start marketing the building as is, and add the floors when and if they get approval for the additional square footage. The problem of course, is that damned shadow issue with NFS, which stopped the 1100 footer that was planned for the site (as if Stinson could have actually got it off the ground anyway). KGB

December 11th, 2007, 03:47 AM	#17
ale26 Registered User Join Date: Sep 2005 Posts: 787 Likes (Received): 3	where is this land exactly ?

December 11th, 2007, 04:00 AM	#20
Waterloo_Guy I See Skyscrapers Join Date: Feb 2006 Posts: 2,048 Likes (Received): 0	This is the Sapphire site? How will they get around the height issue? Hmmm.