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388 King West 
388 King St W, Toronto
Developer: Allied Properties REIT

388 King W & 82 Peter St (800,000 sq ft office, Allied REIT, 29s, Hariri Pontarini)

Discussion in 'Projects & Construction (high and mid-rise)' started by Ziggy, Apr 6, 2011.

  1. Ziggy

    Ziggy Active Member

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    From Allied REIT's annual report:

    source: http://www.alliedpropertiesreit.com/documents/APREIT_2010_12_31_Annual_Report_.pdf
     
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  2. urbandreamer

    urbandreamer recession proof

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    Didn't I predict that that SDM would be going highrise sooner or later!? Next up: MEC.

    800,000SF here is gonna be massive--25s-35s office buildings with a large floorplate?
     
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  3. taal

    taal Senior Member

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    Which building is this ? I can't quite picture it.


    That's good news regarding QRC though! I thought they were struggling to attract tenats.
     
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  4. mysteryman

    mysteryman Active Member

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    Sounds like the Shopper's Drug Mart at King and Peter.
     
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  5. Atlantis

    Atlantis Active Member

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    It is the Shoppers Drug Mart right at the corner. WOW, this is going to be one massive project at 800000sq ft!! I'm quite happy to hear that more office space is being planned for the area. This and QRC West is really going to have a major impact on the ability to work close to where you live. I was at a community meeting this evening for 263 Adelaide, and this very point was brought up a number of times...the need to replace whatever office space we sacrifice for new residential development, and then some.

    Would a lot of that size and a building of that square footage be on par with Telus Tower or PWC Tower?
     
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  6. Automation Gallery

    Automation Gallery Senior Member

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    I guess Adam Vaughan predicted this for this location..

    [​IMG]

    Is King and Peter Toronto's next hub intersection?
    Right now, looking north at least, the area is remarkably well-preserved, at least compared with a 1949 Toronto Archives photo, with the most notable continuity at the intersection provided by the low, curving moderne building on the northwest corner, which seems to have been in the drug business for at least fifty years. It's hard to believe that this two-storey low rise will survive the next wave of redevelopment.

    "I've been told, and you'd have to check with Shoppers Drug Mart, that that's the highest-grossing store, on the sales per square foot basis, in the Shoppers chain, which means it could stay that way for a long time," Adam Vaughan tells me. "It's unlikely that it'll stay that way for a long time. It's probably gonna be a redevelopment site - most of the sites of that nature in the neighbourhood are."


    More...http://www.blogto.com/city/2011/01/is_king_and_peter_torontos_next_hub_intersection/
     
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  7. taal

    taal Senior Member

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    I can't comment on the lot but 800K is larger then telus and PWC I believe ... it's just about the same.

    But with a large lot you can build a massive building - take the CBC building about 1.8 million square feet - I think it's probably the 3rd largest building in Toronto!
     
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  8. Atlantis

    Atlantis Active Member

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    Thanks for the info on the CBC building taal, I had no idea it had that much square footage!
     
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  9. taal

    taal Senior Member

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    np!

    This is a great site to find out such information and how much space is for lease in commercial buildings - it also happens to list the size as well among a few other things.
    http://www.realinsite.com/

    It's fairly accurate as well - they don't update the leasing information instantaneously so it can lag behind a month or two.
     
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  10. Automation Gallery

    Automation Gallery Senior Member

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    In the future for this location we can potentially see an office tower as tall as Metro Hall...or even better, 157 meters..lol:D
     
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  11. Atlantis

    Atlantis Active Member

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    thanks for posting that site, it's very informative!
     
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  12. Ziggy

    Ziggy Active Member

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    #12
  13. Automation Gallery

    Automation Gallery Senior Member

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    Looks like they are serious about developing this lot for office space. But gee, i'd like to see this development with a little more height than the mish mash of 157 meter condo towers..maybe even 38 storeys/175 meters might look OK.:)
     
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  14. Red Mars

    Red Mars Senior Member

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    This might be a good time to invest in Allied REIT.
     
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  15. Automation Gallery

    Automation Gallery Senior Member

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    I'm also reviving this one.....i would assume on that last paragraph, taal means this one by Allied at King and Peter
    ...strange they would want to get rid of the ground-level retail.


     
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