One Bloor Condo Uncertainty

30 September 2009

Will One Bloor be built or not? Who cares, except for investors who believe this will be the definitive condo in Toronto. Now that 15-20 floors are to be lopped off, if it is ever built, the project is fast losing its luster.

Speaking from an industry perspective, why do we need another project? We already have lots on the go and the cancelling of a few projects can only strengthen the market -less supply and buyers and investors will be forced into other projects, raising sales percentages all around.

And where is the L Tower? Sold with plenty of fanfare, it is now the I Tower after design changes and still no signs of construction. Just hoarding - the typical developer ruse to make you think something is happening. can anyone fill us in?