yyzer
Senior Member
reporting that the Globe site has been sold to RioCan?
Toronto The Well | 174.03m | 46s | RioCan | Hariri Pontarini
- Thread starter yyzer
- Start date
neubilder
Banned
...and Freed if I'm not mistaken.
neubilder
Banned
If I were the Thompson familly, I'd wait another 10 years before selling. The area should be a new Yorkville by then and extremely expensive--so Thompson's, hang on and screw the Freed's of the world for every last penny...
Have to day UD, you nailed it with this comment from 4 years ago.
ProjectEnd
Superstar
By 'Globe site' do you mean the current site (the one to the west of this one) or the future site (this one)?
yyzer
Senior Member
good point PE, not sure which one he means...
Edward
Senior Member
Why would they sell this site? This is underway and going to be their headquarters. It would be the surplus land they will have once they move.
DSC
Superstar
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If true it's maybe a sale and lease-back arrangement? These are quite common for tax and other reasons.
hawc
Senior Member
So once they build the new Globe building what happens to the current Globe building? I assume it will be torn down, but does anyone know what will go in there?
Grimace
Active Member
Presumably they are talking about the old site that was to be sold to Mattamy. If it is RioCan/Freed going in we can presume good looking condos and ugly retail.
pw20
Active Member
The deal is for the existing site (where the current Globe and Mail bldg is now). Once the G+M moves into their new bldg, RioCan and Allied will redevelop the old site:
"Two real estate investments trusts are in talks to buy a large piece of property that is the current home of The Globe and Mail, in a sign that retail and office developers remain optimistic about projects in downtown Toronto despite a slowdown in the condominium market."
http://www.theglobeandmail.com/glob...ye-deal-for-globe-office-site/article5009446/
neubilder
Banned
Pretty sure he means the former Globe site that recently went up for sale. (at least that's the one I'm referring to)
cogito ergo
Active Member
HP has produced some conceptual character sketches for previous/failed purchase attempt.
I find them interesting. New owners might be interested in some re-use.
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spaced
Active Member
^
Beautiful and sophisticated work cogito ergo. I can only hope something as well thought out and creative is built there.
Beautiful and sophisticated work cogito ergo. I can only hope something as well thought out and creative is built there.
Xray_Crystal_Junkie
Senior Member
Don't tease us like that...
(Thanks for the images though cogito ergo)
(Thanks for the images though cogito ergo)
FNTS
Active Member
That looks amazing, very Distillery District, or Tjuvholmen in Oslo if it had any tall towers. It's a little denser than what we're used to in Toronto, but if built, this would be a great place to live (except for the noise from any possible pubs) and work, and also a destination in itself.