Our Super Skycraper, “The One”, just reached 85 floors and was destined to be Canada’s tallest residential tower. But now, Pinnacle One Yonge, is in first place with 106 floors. Some facts about The One:
- Its iconic Yonge Bloor location is the highest priced real estate in the city and part of “The Mink Mile” comparable to New York’s Fifth Avenue. This district runs along Bloor, between Yonge and Avenue Road.
- Construction started in 2017 but hit receivership in ’23, thanks to $1.6B in debt.
- After 2 failed developers and a missed 2022 completion date, Tridel is now moving towards a finish line of 2028.
- Yonge and Bloor is a highly coveted, prestigious location. The average price? $1,691 per sq. ft.