The One Luxury Tower Redevelopment
Sector: Hotel • Location: Toronto, Ontario, Canada
Source: Bloomberg
The One is an 85-story luxury residential tower in Toronto that was expected to be the city's tallest residential building. Construction started in 2017 but faced cost overruns and delays. The original developer filed for receivership in 2023 with C$1.7 billion in debt. The project has been taken over by Tridel, one of Toronto's biggest condo builders, who is reconfiguring the floor plans to make
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under construction |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The One is an 85-story luxury residential tower in Toronto that was expected to be the city's tallest residential building. Construction started in 2017 but faced cost overruns and delays. The original developer filed for receivership in 2023 with C$1.7 billion in debt. The project has been taken over by Tridel, one of Toronto's biggest condo builders, who is reconfiguring the floor plans to make suites bigger and branding the condos under a hotel chain. Tridel aims to sell all 411 units by 2028, targeting end-users rather than investors, and expects to generate C$200 million in additional revenue. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |