One Bloor is a 70-storey condominium project at the intersection of Yonge and Bloor in Toronto. It has six levels of underground parking, 736 residential units and 100,000 sq.ft. of prime retail space for a total of approximately 1.2 million sq.ft.
The Challenge & Result
In order for the developer to secure financing with a group of lenders, Altus Group was required to review and approve the project budget as well as the 5 year construction schedule. This was done after completing a detailed construction estimate as well as review of all soft cost budgets. The loan closed in December 2011 and our mandate is ongoing. With our highly skilled and experienced personnel based in Canada, we are able to draw upon a diverse array of real estate experts to resolve the challenges that confront our clients. Our expertise includes real estate appraisal for all asset classes, financial analysis and modeling, urban land economics, costing specialists, project management, asset strategy, capital planning, market research, demographic analysis, land use planning, management consultation, property tax specialists and geomatics.
Tender Analysis, Value Management, Project Monitoring