General Toronto Upcoming Development News and Rumours Thread

[Taller, Better]

Ooh la la!!

[monkeyronin]

Thats great news. Though a part of me was still holding out hope that somehow, the "Cathedral Square" plan as envisioned by a UT member would see the light of day (can't find any renderings, sorry, but it was pretty impressive).

[Taller, Better]

that was by elliot. Would have been great! Sadly, we never hear from elliot any more.

[neilio]

Just curious but do you guys find yourselves coming to this thread every single day in hopes of new updated info about the possible 80 story and 100+ story proposals lol? I know I do, its starting to drive me mad seeing no updates
I'm way to overly excited

Taller, what happened to Elliot? Where did he go? :O

[Innsertnamehere]

^ I was actually thinking of Elliot earlier today! (what are the chances lol)

and yea, I'm super excited for these rumours.. especially the 100 floor one!

[Epi]

Originally Posted by monkeyronin

Thats great news. Though a part of me was still holding out hope that somehow, the "Cathedral Square" plan as envisioned by a UT member would see the light of day (can't find any renderings, sorry, but it was pretty impressive).

Heh I was thinking about this the other day too!

[htpwn]

Originally Posted by monkeyronin

Thats great news. Though a part of me was still holding out hope that somehow, the "Cathedral Square" plan as envisioned by a UT member would see the light of day (can't find any renderings, sorry, but it was pretty impressive).

This it?

(Maybe somebody should should get in contact with the creator and with his permission, email it to whoever buys this property. This is a great design and would be fantastic for the city)

[monkeyronin]

Yep, thats it, thanks.

[Jackhammer]

Originally Posted by neilio

Just curious but do you guys find yourselves coming to this thread every single day in hopes of new updated info about the possible 80 story and 100+ story proposals lol? I know I do, its starting to drive me mad seeing no updates
I'm way to overly excited

Taller, what happened to Elliot? Where did he go? :O

Daily? I find my neurosis needs to be fed every hour during the workday and once in the evening just to be sure I don't miss anything.

[neilio]

Originally Posted by Jackhammer

Daily? I find my neurosis needs to be fed every hour during the workday and once in the evening just to be sure I don't miss anything.

LOL!

Ya I suppose I do check it a bit more than once a day to :P, didn't want to seem like to much of a fanatic

[Jackhammer]

Originally Posted by neilio

LOL!

Ya I suppose I do check it a bit more than once a day to :P, didn't want to seem like to much of a fanatic

We know you are...thats part of your charm.

[Travis007]

Minto purchases a site in Liberty Village. Inevitably, more development coming to this rising neighbourhood in the future.

http://twitter.com/#!/urbanation

Minto purchases 1.78 acre 1 Atlantic Avenue site (near Liberty Village) for $19.8 million, see property outline: http://twitpic.com/6vkim6

Peter Freed just bought the Church/Colborne parking lot site.

Originally Posted by urbandreamer on UrbanToronto

Sounds like Peter Freed just bought this site:

@JShamess on twitter says

2 large redevelopment land sites closed this week: Freed buys site east of King Eddy for $19.2m ($77 BSF) and 1 Atlantic Ave to Minto $19.8m

@urban__dreamer Bit farther East Colborne & King 18,500 SF land piece maybe 20s some planning issues...

More intriguing real estate news regarding Freed:

Originally Posted by urbandreamer

http://www.hojo.com/HowardJohnson/co...opertyId=12334

From http://twitter.com/#!/BuzzBuzzHome

AND, it is official! Freed purchased the HoJo site in Yorkville.... Learn all about it

buzzbuzzhome forum member Ara writes:

It's official! Was just speaking with one of PSR's agents. They had a conference today where FREED outlined 10 new sites that he has closed on. The only one she confirmed for now was the Church and Colbourne and definitely the HoJo in Yorkville. That's huge! Looks like he's sreading his wings.

Sounds like another Thompson Hotel here, or perhaps another brand....W?

[Travis007]

Yeah, the insignificant Howard Johnson hotel has no place in the rapidly evolving Yorkville scene. A fresh new, posh condotel would be great. Great to see Freed expanding his work to different parts of the city.

[Travis007]

Some preliminary details regarding the Cumberland Yorkville parking garage redevelopment:

http://urbantoronto.ca/forum/showthr...-amp-Yorkville)

Originally Posted by drum118 on UrbanToronto

I was told that the garage is closing beginning 2012.

A 56 and 46 story towers are plan for the site.

That garage was used for many photo shots of various projects in the area.

Now for the next one, 2 blocks west.

[Epi]

Not sure how this got missed but:

http://www.theglobeandmail.com/globe...rticle2201052/

===============

OMERS, CPPIB to develop new RBC headquarters
TORONTO— The Canadian Press
Published Friday, Oct. 14, 2011 9:26AM EDT
Last updated Friday, Oct. 14, 2011 10:43AM EDT

Two of Canada's largest pension plans are teaming up to build a 30-storey office tower in downtown Toronto that will become the new national headquarters for Royal Bank of Canada (RY-T47.660.260.55%).

The development, to be called RBC WaterPark Place, is a 50-50 joint venture between the Canada Pension Plan Investment Board and Oxford Properties Group, the real estate arm of OMERS, the Ontario Municipal Employees Retirement System.

It is being built on the north side of Queens Quay between Bay and York Streets, with construction slated to begin later this year RBC will make WaterPark Place the new national headquarters for its Canadian Banking business and occupy more than half of the 930,000-square-foot property.

More than 4,000 RBC employees are expected to move into the new space beginning in the third quarter of 2014.

“Oxford is excited to develop this exceptional piece of real estate, and to bring this world class office project to Toronto’s vibrant waterfront community,” said Oxford president and CEO Blake Hutcheson.

“We are also very proud to build upon Oxford’s 50-year relationship with RBC,” he said, adding that the signing of a pre-lease for 60 per cent of the development was “a testament to both the quality of the project and the strength of the relationship.”

Oxford will oversee all aspects of the development and management of the property.

Peter Ballon, CPPIB’s head of real estate investments, Americas, said the development “provides us with the opportunity to add a major state-of-the-art office tower to our Canadian real estate portfolio with a premier tenant in place.”

Dave McKay, group head, Canadian banking for RBC, said the move underlines the bank’s strong commitment to the growth and development of the city of Toronto, the downtown core, as well as to our clients, employees and the communities we serve.”

RBC will occupy approximately 550,000 square feet of RBC WaterPark Place, which will have more than 50,000 square feet of retail services and amenities on the lower floors.

Oxford and CPPIB co-own a portfolio of office properties across Canada valued at approximately $3-billion, and are currently also developing 1021 West Hastings in Vancouver.

Oxford, the real estate arm of the OMERS Worldwide Group of Companies, with over 1,300 employees and approximately $17-billion of real assets that it manages for itself and on behalf of its co-owners and investment partners.

The CPPI is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. It invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. As of June 30, the CPP Fund totalled $153.2-billion.

OMERS has more than $53-billion in net assets invested on behalf of more than 400,000 members.


====

Another article here (with rendering):

http://business.financialpost.com/20...-for-bay-view/

[AndrewJM3D]

Any more news on this?



Or that Graphic Arts Building proposal?

[Filip]

Oxford probably has its hands full at the moment with RBC WaterPark Place.

[Travis007]

Nothing material, but juicy gossip talk. 1 Yonge rumours seem to be trending hard.

http://homesandcondosblog.com/home/n...onge-4792.html

NEWS AT 1 YONGE

21 OCTOBER 2011

As one could expect, 1 Yonge St. is a pretty important address to us at the Toronto Star’s NewInHomes.com, given that it is our home base. We take pride in the fact that our offices sit at such a prominent address.

That said, we are also very pro development, so when news that the owner of the land that we sit on has moved to sever, we take notice!

In an application filed with the City of Toronto, the owner of 1 Yonge St. has asked the city to sever the north parking lot area of the site, as well as the old three storey-print factory from the rest of the building.

The reason is not known at this point, but one could only imagine that the end goal is to build a large residential skyscraper on the site.

With the space being so large we anticipate that several 60-70 storey towers with a significant retail and office in the spirit of Maple Leaf Square with a bigger floor plate to work with could be built here. Imagine the possibilities! Perhaps a super tall condominium that ranges over 80-90 storeys? The potential is endless.

[Taller, Better]

How about razing the hideous Star Building while they are at it? Notice Hume never complains about that one particular edifice?

[BrandonK]

^ That would be awesome. The foot of Yonge Street really needs a fresh start.