My understanding of the situation is that Ivanhoe thought by announcing that they were building on spec that a tenant would come forward knowing that it was going forward (believe they were targeting TD at the time) but given that this anchor tenant did not come forward, that yes they have...
I am not confusing this development with the Oxford proposal. The south tower will have a new bus terminal at its base along with some retail, the towers will be completely office. The north tower will stand where the current bus terminal is.
It will be two towers, with a park spanning over the railway tracks. The first tower is being built on spec apparently, while the second tower is much further down the line (2022). Design looks similar to Hearst Tower in New York.
Was on the ULI Tour de Toronto today. They expect to be completed construction around July, then set up exhibits for a grand opening in late September.
So has this one finally gotten its blessing? I live in the area and this is exactly the kinds of development that queen east needs! bringing more people will only bring vitality to the beach, I can't believe how irate some local residents are.....
How do you know this? I was under the impression that it was never meant to be built in time for the Pan-Am games, but that their agreement to develop the area with Infrastructure Ontario would have to have the TEN Arquitectos condo built in a subsequent phase...?
I was in here today for a funeral reception even though it is still very much under construction. It has a very nice event space on the ground floor overlooking the park.