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Can Frank Gehry Interest You in a Condo?

Bloomberg Businessweek US

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October 03, 2022

The very famous architect looks to put a very large stamp on one of North America's biggest building booms

- By Ari Altstedter

Can Frank Gehry Interest You in a Condo?

Camera shutters click and electro music thumps as 93-year-old Frank Gehry arrives at the stage. It's time to sell some condos. After a nearly six-decade career that's brought Gehry recognition as the world's greatest, or at least most famous, architect, this is something new. For the past 10 years he's been trying to get permission in Toronto, the city of his birth, to erect a pair of skyline-defining towers on King Street at Duncan, in the heart of the theater district downtown. One of the towers, at 84 stories, would be the tallest he's ever built.

Now, with the regulatory route clear, the biggest hurdle to realizing his dream is selling some units. Banks in Canada won't finance condominium projects unless at least 70% of the units have been presold. No presales, no late-career masterpiece. So here's Gehry, on a whirlwind two-day visit to his hometown, trying to drum up enthusiasm.

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