Designs were unveiled for a new high-rise in Toronto called One Bloor West. Located at the southwest corner of Yonge and Bloor streets, the tower, developed by Sam Mizrahi, was recently presented at a community meeting. According to The Globe and Mail, the proposed structure boasts 72 levels of apartments on top of an eight-level luxury shopping mall. Mizrahi worked with Foster and Partners as well as Toronto firm Core Architects to design the building.
If the building is constructed, it will be the tallest in the city, outside of the CN Tower, and cost upward of $1 billion. Mizrahi Developments plans to ask the city for a total height of more than 1,000 feet with approximately 1 million sf of retail and residential space. The tower's structure will feature a steel exoskeleton and leaves the interiors of each level open to allow for winter gardens rather than balconies.
Mizrahi is meeting with neighborhood groups including the ABC Residents Association, which said it is "broadly supportive" of the tower.
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New data shows low construction prices may soon be coming to an end
New federal data released recently shows sharp increases in the prices of key construction materials like diesel, copper and brass mill shapes likely foreshadow future increases in construction costs, the Associated General Contractors of America said. The new November producer price index (PPI) report from the Bureau of Labor Statistics provide the strongest indication yet that construction prices are heading up, the association noted.
