UtakataNoAnnex
Superstar
I think that's the point of my concern here. That is, what are going to end up with?
Toronto 69 Yonge | 89.45m | 21s | Artifact | Giannone Petricone
- Thread starter Northern Light
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Northern Light
Superstar
A new article over at Renx looking at HR's over arching strategies has this to say about this site:
Note that there is no suggestion of acting on the zoning.
From: https://renx.ca/hr-reit-remains-focused-on-its-repositioning-strategy
AIC review indicates that SPA remains open, no indications of updates since 2023.
Note that there is no suggestion of acting on the zoning.
From: https://renx.ca/hr-reit-remains-focused-on-its-repositioning-strategy
AIC review indicates that SPA remains open, no indications of updates since 2023.
ChesterCopperpot
Senior Member
This was recently flipped to Hillpark Capital - a company based in Montreal
Northern Light
Superstar
DSCToronto
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I heard they intend to keep renting it out 'for a while' and have no active plans to develop the site.
1Ć0
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1Ć0
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Some more info here - https://storeys.com/canadian-pacific-building-hr-reit-sold/
rdaner
Senior Member
Northern Light
Superstar
Took me a moment.... err 8 minutes.
Project acquired by the Artifact Group.
It will be a 162 room Tribute Portfolio by Marriot hotel.
Lifestyle Luxury - brand type
@Paclo
Giannone Petricone now attached.
Project Page:
69 Yonge Street, Tribute Portfolio by Marriott | ARTIFACT GROUP
69 Yonge Street is located at the iconic intersection of King & Yonge in Toronto’s Financial District. The property will be repositioned through an adaptive reuse strategy into a 162-key lifestyle luxury hotel under Marriott International’s Tribute Portfolio brand, with a strong focus on design...
www.artifactgroup.com
From the above:
No permits yet in process.
DSCToronto
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Interesting! Let's hope they manage to get Shoppers out of the main floor, the former plan had SDM remaining as they apparently have long lease but they take up very valuable street frontage and may not fit with high-end hotel which would, I assume, want a fancy entrance.!
ProjectEnd
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Shoppers was the first tenant installed by H&R in the former CP ticket hall from about 1990. They've been there 30+ years, they're not going anywhere.
DSCToronto
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I suspect you are correct but it will be interesting to see how the luxury hotel manages to create a suitable main entrance if it remains.