One Bloor West

Design and Architecture

The architectural vision for One Bloor West was led by the renowned London-based firm Foster and Partners, with Toronto's Core Architects serving as the local architect of record. The initial design concept, developed after Sam Mizrahi travelled to London, featured a prominent structural exoskeleton which was later revised following extensive wind tunnel testing and recommendations from the engineering consultancy RWDI. The final design, while no longer a true exoskeleton, retains distinctive diagonal hangers that create a triangulated aesthetic on the building's facade, and RJC Engineers acted as the structural engineer for the project, ensuring the tower's stability and integrity. An analysis determined that the building's significant height would not create increased shadowing impacts on the surrounding parks, a key consideration in Toronto's dense urban core, and the building's exterior will be clad in a system of brushed aluminum and glazing, a detail that was physically illustrated with a full-scale mock-up installed on site in October 2019.

The creation of 32 mega caissons to support the tower was completed in April 2019. On January 9, 2024, the restored 19th-century heritage facade at 774 and 776 Yonge Street was revealed. This restored facade will become part of the ground-level retail at Yonge and Bloor. After Mizrahi purchased the properties for One Bloor West, he provided a written promise to Ed Whaley that a monument built from the stones of Stollerys would be developed at the site.

Program and Amenities

The first 18 storeys of One Bloor West will include restaurants, event spaces, two major retailers and a luxury Hyatt hotel created under its boutique Andaz brand. The 160-room Andaz Toronto will occupy the fourth to sixteenth floors of the building, with the lobby on the fourth floor and an outdoor pool deck on the sixth floor. Above the retail outlet, the tower's residential section will have a total of 416 units, including four penthouse units. Four storeys of parking will exist underground, and the building will connect to the Bloor-Yonge station and nearby buildings via an underground walkway system similar to, but separate from, the city's PATH system. The ground-floor retail space was originally designed for a flagship Apple Store, which would have been a major architectural feature involving three-story glass panels manufactured in Gersthofen, Germany, each measuring over 2.3 metres wide and 11.5 metres high. The interior was to have a three-story vaulted ceiling with a cantilevered mezzanine and no interior columns, but Apple launched a lawsuit in March 2022 to terminate its lease, citing significant disappointment with missed deadlines and claiming $6.9 million in damages. Following the project's receivership in October 2023, it was confirmed Apple would not occupy the space, leaving the prominent retail unit without a tenant as of late 2023, and the retail portion of the tower was originally scheduled to open in 2021, a deadline that was not met.

Site History and Acquisition

For 114 years, where One Bloor West will be built, was the location of Stollerys, a men's and women's fine clothing store founded by president Ed Whaley. Developer Sam Mizrahi acquired the land in October 2014 for CA$300 million, which included properties at 768 Yonge Street, in addition to those at 1 and 11 Bloor Street West. Mizrahi met with Whaley regularly and the two developed a friendship around shared values, with Whaley calling Mizrahi a gentleman who builds a quality building. After Mizrahi purchased the properties, he provided a written promise to Whaley that a monument, built from the stones of Stollerys, would be developed at the site.

On January 7, 2015, Mizrahi applied for a demolition permit of the Stollerys building. Six days later, local Councillor Kristyn Wong-Tam put forward a motion at the Toronto and East York Community Council in order to designate the building as a heritage site. However, Mizrahi was granted the demolition permit on January 16, and in order to prevent the heritage designation, started to demolish the building on the weekend starting Saturday, January 17. These actions angered many in the heritage groups and prompted calls for new processes for heritage and demolition in the city of Toronto.

Construction Timeline and Approvals

In June 2016, the city of Toronto's planning staff gave a positive report on plans for One Bloor West’s development, including community benefit recommendations. On April 18, 2017, the project was approved by the Ontario Municipal Board. With this approval, pre-construction as well as pre-sales of One Bloor West’s units began, and by spring 2017, more than 3,000 people had pre-registered for the 416 residential units. On August 23, 2017, construction officially broke ground, with excavation nearly complete as of October 2018. In November 2018, a special crane, the Link-Belt TG2300B, described as potentially the highest capacity crane deployed in Toronto, was brought to the site.

On August 31, 2020, the building was issued a conditional above-grade permit by the City of Toronto, allowing for above-grade construction to begin. Work on the second floor began in December 2020 with the laying of floor forms and assembly of rebar. In January 2021, Mizrahi Developments applied through an addendum for a height increase for One Bloor West to 94 storeys with a planned height of 338.3 metres. In June 2023, the City of Toronto approved the final height to 91 storeys and 328.4 metres. At a revised 308.6 metres and a revised 85 storeys, it will be taller than First Canadian Place.

• October 2014: Land acquired for $300 million.
• September 12, 2016: City approval received.
• April 18, 2017: Ontario Municipal Board approval.
• August 23, 2017: Official groundbreaking.
• April 2019: 32 mega caissons completed.
• August 31, 2020: Conditional above-grade permit issued.
• June 2023: Final height approved at 91 storeys (328.4 m).
• January 2024: Heritage facade restoration revealed.

Financial Challenges and Receivership

The total cost for the project was estimated to be $1 billion during planning stages, but that figure had ballooned to $2 billion at the time of the receivership filing in October 2023. In August 2017, One Bloor West secured a new round of lending with Firm Capital Corp. lending CA$135 million as a first mortgage. In September 2019, One Bloor West secured a new round of financing, with Korean fund IGIS Asset Management Co. Ltd. lending CA$560 million to the project. In October 2023, the condo was put into receivership by the lenders who claimed necessary payments had not been made, with Mizrahi Developments defaulting on $1.23 billion of the debt and total debt in excess of $1.6 billion.

One Bloor West has substantial unsold units, with 70 of the 416 planned units being unsold at the time of the receivership filing. The retail space originally designed for Apple also remains without a tenant after Apple pulled out. On October 18, 2023, it was announced the project received an additional $315 million in funding to go towards ongoing construction and development costs. In August 2025, KEB Hana Bank filed an application demanding that Mizrahi and Jenny Coco repay $1.5 billion in principal, interest and fees, claiming that Mizrahi and Coco guaranteed the debt personally.

Transition to Tridel and Relaunch

Since mid 2025 Tridel has taken over the development, construction and sales management of the property from Mizrahi. Tridel's first action was renaming The One to One Bloor West. In November 2025, Tridel announced they would cancel all prior presales contracts and return the approximately $105M in deposits, with a relaunch expected for early 2026. Construction of the building is estimated to be completed by 2028.

Place in the Toronto Skyline

Located in Toronto's Yorkville neighbourhood at the intersection of Yonge Street and Bloor Street, One Bloor West is across the street from the 257-metre-tall One Bloor condominium building. It will also stand next to Two Bloor West, an existing skyscraper completed in 1972. At a revised 308.6 metres and a revised 85 storeys, it will be taller than First Canadian Place, which has been Canada's tallest building since 1975. It will also be Canada's first supertall skyscraper, as defined by the Council on Tall Buildings and Urban Habitat. When completed, it would have been the tallest building in Canada, but was surpassed during construction by Pinnacle One Yonge.

Questions about One Bloor West

What happened to the Apple Store that was supposed to be in the building?

The original plan for the ground floor retail space was for an Apple Store. In March 2022, Apple launched a lawsuit to terminate its lease agreement. Press reports following the receivership filing confirmed that Apple will not move into the space. As of December 2023, that space is without a tenant.

What will be inside One Bloor West?

The first 18 storeys will include restaurants, event spaces, two major retailers and a luxury Hyatt hotel under its Andaz brand. The 160-room Andaz Toronto will occupy the fourth to sixteenth floors. Above the retail outlet, the tower's residential section will have a total of 416 units, including four penthouse units. The building will connect to the Bloor-Yonge station via an underground walkway system.

When is One Bloor West expected to be completed?

Construction of One Bloor West is estimated to be completed by 2028. This timeline follows a series of delays, including a receivership filing in October 2023 which occurred almost a year past the original planned completion date of December 2022. The project has faced significant financial and construction challenges. In October 2023, the project received an additional $315 million in funding to support ongoing construction and development costs. The building's progress continues under new management, with Tridel taking over development in mid 2025.

How tall will One Bloor West be and how many storeys will it have?

One Bloor West will be a 91 storey skyscraper reaching a height of 328.4 metres. This final height was approved by the City of Toronto in June 2023. The building will be taller than First Canadian Place, which has been Canada's tallest building since 1975. At its approved height, it qualifies as Canada's first supertall skyscraper, a designation for buildings over 300 metres defined by the Council on Tall Buildings and Urban Habitat. The project's height was revised from earlier plans of 85 storeys and 308.6 metres.

Who is developing One Bloor West now?

Since mid 2025, Tridel has taken over the development, construction and sales management of the property from the original developer, Sam Mizrahi. Tridel's first action was to rename the project from 'The One' to 'One Bloor West'. This change in management occurred after the project was put into receivership in October 2023 by its lenders. The receivership was initiated after Mizrahi Developments defaulted on $1.23 billion of the project's debt, which totalled over $1.6 billion at the time of the filing.

What happened to the people who already bought units in One Bloor West?

In November 2025, Tridel announced it would cancel all prior presales contracts and return approximately $105 million in deposits to buyers. A relaunch of sales is expected for early 2026. This decision affects the 416 planned residential units, of which 70 remained unsold at the time of the receivership filing in October 2023. The project had initially seen strong presale interest, with more than 3,000 people pre registering for units by spring 2017. The contract cancellations are part of Tridel's takeover strategy for the project.

Sources and further reading

• One Bloor West (Wikipedia)
• One Bloor West | Tridel at Toronto's Most Iconic Address (tridel.com)
• One Bloor West (rjc.ca)
• One Bloor West Condos (onebloorwestcondos.ca)
• One Bloor West (formerly The One) (bousfields.ca)

Checked by the Your Space Hamilton desk. Last updated 2026-10-19.