TEK Tower (30 Francis) | 45 fl | U/C

[Spokes]

Should we place bets on when this pops above grade?

[Rainrider22]

October...

[Chris]

They are going hammer and tongs on this thing. Cement pump truck onsite again today, crane is dropping more supplies. They might break ground late spring/early summer at this pace.

[CuilTard]

Agreed they are moving fast. They were pouring concrete on the same day as removing the last of that fill. Here they are tying rebar last Saturday.

I don't know the normal timeline to break ground, but bet they'll beat it.

https://imgur.com/a/FGrSNh8

[ac3r]

Digging a hole is easy. The piles, concrete mat, anchors, walls and then the initial infrastructure (waterproofing, drainage, pipes & utility connections, wires and electrical junctions) and so on take a lot longer. It'll be a while until it goes above grade.

They're closing off the street for 5 years which is roughly average for a 44 floor skyscraper. It won't mean it will all be closed off that entire time, but it'll still take a while for this thing. Charlie West started in early-mid 2018 and it only just finished up recently (including fully opening Gaukel Street).

[Lebronj23]

The permit to build hasn’t been issued yet. Only the permit for the foundation and underslab work. Although it’s been pended for a long time now

https://onlinepermits.kitchener.ca/portal/sfjsp

[ac3r]

You can consider this approved though haha. Like 900 King West which was excavated down to about 1 floor...then formally "approved" a few months later. I think Elevate Condos had the same course. The ball is usually rolling over Sisyphus before it gets rolled back up for formal approval.

[Momo26]

Did they ask for any adjustment to add floors at any point yet? Seen 1 to 2 added in a couple projects lately. Why go 44 when you can go 50 :p

[panamaniac]

In the current market, I might have thought that a height reduction would be more likely.

[Rainrider22]

   

---

Crane base is in,  sorry night time pictures while out for a walk.

   

   

   

[panamaniac]

Any info on how sales are going? I struggle to understand how it can be a viable project.

[Lebronj23]

I read a report in the council minutes somewhere last year that said it sold out and sold out FAST

[taylortbb]

Any info on how sales are going?  I struggle to understand how it can be a viable project.

Generally a building has to be at least 80-90% pre-sold to begin construction. I believe they got it sold before interest rates really started rising. I heard a number of purchasers were trying to back out, but legally they were committed (and assignment sale would be at a loss).

[CuilTard]

---

Crane base is in,  sorry night time pictures while out for a walk.

Here's one with a bit of daylight 

   

[Rainrider22]

Great shot, way better than mine. Thank you. I assume you live in the near by building. Perhaps you can be our official photographer on this build for status updates ?