androiduk
Senior Member
I was told by a prospective tenant that Minto bought this building. It seems like they're trying to buy all of Yorkville and redevelop it.
Toronto 1255 Bay | 143m | 39s | KingSett Capital | BDP Quadrangle
- Thread starter androiduk
- Start date
Automation Gallery
Superstar
Holy mackerel, this is next door to their 27 Yorkville Parking Garage, 69s + 55s, development....hopefully they replace this with an office structure.
http://goo.gl/maps/bGmvX..................http://goo.gl/maps/B5Yi7
http://goo.gl/maps/bGmvX..................http://goo.gl/maps/B5Yi7
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someMidTowner
¯\_(ツ)_/¯
If it is next door to the 27 Yorkville Garage then maybe Minto is trying to expand their lot size???
androiduk
Senior Member
I wouldn't mind seeing a hotel here. There actually aren't that many hotels in the Yonge/Bloor/Yorkville area considering it's a tourist destination, etc.
someMidTowner
¯\_(ツ)_/¯
It would have to be geared to a different market of tourist with the upscale FS right across the street, but I could easily see a hotel happening here
urbandreamer
recession proof
Once again, old news if you'd have listened to me. Quadrangle Architects.
AHK
Senior Member
One of the stores in 1255 Bay has a lease expiry - going out of business sale going on. According to a staffer, the new owner is offering a two year lease at a new, very high rate, after which the building is to be demolished. The new owner is currently doing a building 'at the corner of Yonge and Gerrard' - which I think would make it Canderel....
urbandreamer
recession proof
Sounds like it. Both 1235 Bay and 1255 Bay are owned by Kingsett Capital, who also jointly owned 555 Richmond Street West with Canderel.
ThomasJ
Active Member
innsertnamehere
Superstar
I have a feeling it has more to do with their existing proposal beside this lot. I know the city was taking issues about how tight the existing site was for 2 towers, so I image that they bought this to allow for 2 towers with a bit more room.
From my understanding, the Cuumberland Garage proposal, 2 bloor west, and 50 bloor west are alll being redesigned to work better together. Instead of 3 different developments being awkward, they are working together to create a sort of master plan for the area that will be developed in 3 seperate plots. I read somewhere that they want to introduce a view corridor to the historic firehouse from bloor..
From my understanding, the Cuumberland Garage proposal, 2 bloor west, and 50 bloor west are alll being redesigned to work better together. Instead of 3 different developments being awkward, they are working together to create a sort of master plan for the area that will be developed in 3 seperate plots. I read somewhere that they want to introduce a view corridor to the historic firehouse from bloor..
buildup
Senior Member
androiduk
Senior Member
1255 Bay St. @ Yorkville (enclose ground floor setback)
Application: Zoning Review Status: Not Started
Location: 1255 BAY ST
TORONTO ON M5R 2A9
Ward 27: Toronto Centre-Rosedale
Application#: 13 272625 ZPR 00 ZR Accepted Date: Dec 2, 2013
Project: Non-Residential Building Addition
Description: Proposal to enclose existing retail facade on ground and 2nd floor levels (Bay St Side & Yorkville Side) for addition of retail/office space.
Application: Zoning Review Status: Not Started
Location: 1255 BAY ST
TORONTO ON M5R 2A9
Ward 27: Toronto Centre-Rosedale
Application#: 13 272625 ZPR 00 ZR Accepted Date: Dec 2, 2013
Project: Non-Residential Building Addition
Description: Proposal to enclose existing retail facade on ground and 2nd floor levels (Bay St Side & Yorkville Side) for addition of retail/office space.
ProjectEnd
Superstar
Ooooooooooooooooooooooo.
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