I'm not quite sure where is this proposal suppose to take place ??
On the old bus bay?
Either way, this is perfect if not very surprising. Someone is planning on building an office building now? The midtown office compontent has had fairly low vacency rates for quite a while now but you don't see high absorption numbers for the space that's left. I can see the need for large contiguous office space in this location but I'm wondering if the Canadian tire move will provide more then enough of that?
I'm guessing that some of these projects are designed to be completed in time for the next boom. Pretty optimistic, but a clever idea if they're able to get financing--a big if.
pretty ambitious plan masterplan ... not only the TTC lands but the complete re-development of the massive Canada Square above ground parkade and mid-rise office block.