Wednesday 20 March 2013

Toronto's Current Skyscraper and Condo Construction Set All Known Records

Toronto's Current Skyscraper and Condo Construction Set All Known Records #Toronto
 
 
 
 
As long as Toronto can keep its head down and keep building they'll have 10 buildings all over 200 meters in some state of construction, including the shoring work on the twins at 90 Harbour, even though sales have not yet begun, the foundations of those towers are clearly under construction.

1. Aura
2. One Bloor
3. ICE Condo
4. L Tower
5. ICE Condo
6. Massey Tower ( potential/sold out)
7. 88 Scott (Site Prep)
8. Tridel - 10 York (sold out/ potential) - 224 meters
9. Eau du Soliel (70-80% sold - potential) - 229 meters
10. Harbour Plaza (0% sold - foundation work underway) -234 meters
11. Harbour Plaza ( 0% sold - foundation work underway) 223 meters

To be clear, Harbour Plaza has not gone into sales yet, I'm sure the developer is getting preregistration and pre-sales though and is comfortable doing the shared foundation work with 1 York (One York) which share the same podium, which will be built one time. By the time the podium work is complete the sales will likely have hit the threshold. Personally, and in my opinion I believe pre-sales have gone well because I haven't seen any online advertising for the project in the past 3 months, so I assume things went well in that period otherwise they would continue to advertise a project where shoring is occurring on site.

There have been in the past times when there were over 10 buildings under construction in Canada, that were over 200 meters, however for all of that construction to be in Toronto would become the new benchmark for large skyscraper construction in Canada. When it happened that in Canada a couple of years ago, for sure I thought we would never see that again, especially with all the talk of the impending condo bubble. There is just no way this could happen, however it appears we are on the threshold once more and if you include Calgary we could have 12 or 13 buildings over 200 meters in some state of construction in Canada by the end of the year. Breaking ground on groundbreaking.

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