One Bloor East
||This article may require cleanup to meet Wikipedia's quality standards. (January 2012)|
||It has been suggested that this article be merged with Number One Bloor. (Discuss) Proposed since February 2012.|
|1 Bloor East|
1 Bloor East, Toronto, Ontario, Exterior Rendering
|Type||Hotel, Residential, Retail|
|Location||1 Bloor Street East
|Estimated completion||December 2014|
|Roof||233.78 m (767.0 ft)|
|Design and construction|
|Architect||Hariri Pontarini Architects|
|Developer||Great Gulf Homes|
|Main contractor||Tucker Hi-Rise Construction|
1 Bloor East is a mixed-use skyscraper planned to be constructed at the intersection of Bloor Street and Yonge Street in downtown Toronto, Ontario, Canada. The project was initially launched by developer Bazis International Inc. in 2007, before being cancelled and re-developed under developer Great Gulf Homes. The two-storey buildings located on the site were demolished in December 2008.
In July 2009, both the final scope and the eventual fate of the project were called into question. News reports stated that the height would be reduced to 67 storeys to reduce the construction costs. The Toronto Star also reported that a group of lenders sought their $46 million loan be repaid or that the court allow them to buy the vacant land. Bazis purchased the site for $63 million in 2007 and cited the global lending crisis as a reason for the height reduction and the loan being in default. On July 22, 2009, the Star reported that Bazis has sold the property to privately held Great Gulf Homes, who had expressed interest in building a skyscraper on the site. The Bazis proposal died as a result of the sale.
Initially designed by Bazis International, the 81-storey 1 Bloor East was planned to be approximately 275 m (902.2 ft) tall. The proposal called for a semi-transparent metal and glass tower with environmentally friendly and efficient technology. The building planned to include 189 hotel rooms and 612 condominium units.