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The Well 
410 Front St. W., Toronto
Developer: RioCan, Allied Properties REIT, Diamond Corp, Tridel

The Well | 167m | 44s | RioCan | Hariri Pontarini

Discussion in 'Buildings' started by yyzer, Nov 6, 2012.

  1. yyzer

    yyzer Senior Member

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    reporting that the Globe site has been sold to RioCan?
     
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  2. neubilder

    neubilder Banned

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    ...and Freed if I'm not mistaken.
     
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  3. neubilder

    neubilder Banned

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    Have to day UD, you nailed it with this comment from 4 years ago.
     
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  4. ProjectEnd

    ProjectEnd Senior Member

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    By 'Globe site' do you mean the current site (the one to the west of this one) or the future site (this one)?
     
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  5. yyzer

    yyzer Senior Member

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    good point PE, not sure which one he means...
     
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  6. Edward

    Edward Senior Member

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    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.
     
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  7. DSC

    DSC Senior Member

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    If true it's maybe a sale and lease-back arrangement? These are quite common for tax and other reasons.
     
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  8. hawc

    hawc Senior Member

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    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?
     
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  9. Grimace

    Grimace Active Member

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    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.
     
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  10. pw20

    pw20 Active Member

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    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/
     
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  11. neubilder

    neubilder Banned

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    Pretty sure he means the former Globe site that recently went up for sale. (at least that's the one I'm referring to)
     
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  12. cogito ergo

    cogito ergo New Member

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    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.
    G+M1. G+M2. G+M3.
     
    Last edited: Nov 7, 2012
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  13. spaced

    spaced Active Member

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    ^

    Beautiful and sophisticated work cogito ergo. I can only hope something as well thought out and creative is built there.
     
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  14. Xray_Crystal_Junkie

    Xray_Crystal_Junkie Senior Member

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    Don't tease us like that...
    (Thanks for the images though cogito ergo)
     
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  15. FNTS

    FNTS Active Member

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    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.
     
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