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Discussion Starter #1
Forgive me if there is already a thread going I looked but may have missed it... but I read about this possibility on the Toronto Skyscraper Blog!

Someone over at UT has set the fire, of speculation with a rumour that there may be a 100 floor tower at the corner of Yonge and Queen Quay. This is the prized lot that was purchased by Pinnacle International in the summer for an unheard of $278,000,000 million dollars. So much money, that is was likely only the second largest land deal in Toronto after the Scotia Plaza sale.
Sounds exciting, hope this rumour is true because one thing Toronto is sorely missing is the ability to lay claim to a 100 floor skyscraper!
 

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I read about it over there as well, but at this point it's just speculation. It's a good spot for a counter balance to the CN Tower. That UT guy said we'd have to wait till January before an announcement. Pinnacle scares me though.
 

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Well if there is some weight to this and such a tower does go in that location it would be a nice spot for it and look amazing from out on the lake!
 

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I'll believe it when I see it. Not that I'm particularly skeptical about this project or anything but I think it is best not to let our imaginations run wild before any credible information is released.
 

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Yikes me to. If this is true I hope it falls apart. I even hope the whole boom comes to end end. Success, Yuk! Imagine that at 100 floors. Vancouver developers, please go home.
I'm sorry, but your comment is so ignorant. We have no idea what this might look like. Until we see what is possibly planned, we should not wish it falls apart.
 

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Pinnacle paid a hefty price tag for that plot of land, so I am assuming they will want to create a landmark, especially with Hariri Pontarini at the helm.

Concord is creating a landmark with their Signature tower development (design competition). Oxford with their casino proposal and Mirvish with the Gehry proposal. I think many of these developers have realized it's time to up their game.

Then again, I think of Ten York, which was to be a landmark, and realized that our interpretation of landmark vastly differs from most developers interpretations.
 

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Pinnacle paid a hefty price tag for that plot of land, so I am assuming they will want to create a landmark, especially with Hariri Pontarini at the helm.
They want to create something that sells. If their research shows customers are becoming more price conscious (prices stopped rising) and they've blown a ton of cash on the land; guess what that does to the budget of the building?
 

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Hariri Pontarini is supposedly involved. I'm not a fan, but he rarely puts out crap.
 

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They want to create something that sells. If their research shows customers are becoming more price conscious (prices stopped rising) and they've blown a ton of cash on the land; guess what that does to the budget of the building?
"The Cheapening" - they will cheap out to maximize profits.

I am thinking Pinnacle will build a multi-tower development on this plot of land and not a supertall. More a long the lines of 3-4 towers with heights over 70 stories. I guess we'll find out soon :)
 

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"The Cheapening" - they will cheap out to maximize profits.

I am thinking Pinnacle will build a multi-tower development on this plot of land and not a supertall. More a long the lines of 3-4 towers with heights over 70 stories. I guess we'll find out soon :)
They can get a fair amount of press by beating Aura in height.

But yeah, I expect it to have a ton of units on a very large podium as those first 15 floors are pretty cheap to build.
 

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Apparently 45 Bay just one block away is seeking 2 million square feet of office space + residential above. That's double the space of Bay-Adelaide just for the office component; it could end up being a truly massive building. They will conduct an international design competition. If Pinnacle wants to shine, they'll have plenty of competition right next door. They won't get away with any cheapening if they want this thing to sell well.
 
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