This thread is just your typical, anonymously sourced internet speculation (for now): My friend’s friend, etc. works for Allied REIT and he/she reports that Allied has significant plans for everyone’s favourite Entertainment District streetcorner. We already know of the various plans that have been announced for: the Fez Batik site (homeless shelter); the Joker site (35-storey Teeple-designed Habitat Montreal knockoff); and the Pizzaville/System Soundbar site (28-storey cantilevered-glass-folding-screens) Allied will soon announce plans to build a 20-something storey mixed use development at the NW corner of Peter/Richmond. From what I hear, the plans call for the tower core to be built in the parking lot/laneway (“Jack Cooper Lane”) that leads to This is London, while the tower itself will sit atop the existing 4-storey historical brick-and-beam warehouse that currently occupies said streetcorner. Additional random detail: the rooftop of the existing building is to be greened-up and leased as high-end restaurant space. My source is apathetic about architecture, so the only such details I could glean were that the existing building will feature as part of the podium and the new (tower) portion will be “square and glassy”. Apparently, most of the existing building will be saved (no facadectomy), although I can't see them going very high without putting a few sets of columns through to the bedrock. As I mentioned, this news is supposed to be confirmed by Allied in the coming weeks. It will mark (I believe) Allied's second-ever foray into new construction, the other being the new King/Brant building that was announced a few weeks ago. Allied: now there's a corporate citizen willing to bet on Toronto's urban future. F*ck Alliance-Atlantis.