Toronto Corus Quay | ?m | 8s | Waterfront Toronto | Diamond Schmitt

[egotrippin]

Could end up being a blessing in disguise. They'll be forced to replace it all and, hopefully, with something of visual interest. 1990-2020 has been an incredibly soul sucking experience from an architectural POV. The last few years we've witnessed that obsession with all glass everything weaken. We could see many of these buildings re-clad with actual walls.

Stone, metal, colour, texture, solidity? Yes, please!

It's definitely encouraging to see proposals with more varied facades these days, indeed the obsession with all-glass envelopes might be waning; likely helped by environmental concerns. I also recall years back Toronto talking about mandating a maximum % of the facade that can be clad with glass, but I'm not sure if that ever went into effect.

 

[egotrippin]

Why would they be "forced to replace it all"?

Forced due to failure of the glass, presumably. I suppose it's possible they can just replace failed units as it happens, but if failures happen on a larger scale, re-cladding might become necessary. It might be favourable when looked at from an environmental standpoint too, as all glass buildings consume more energy, and if/when it comes time to re-clad a building, owners might rethink an all-glass envelope.

 

[interchange42]

It's definitely encouraging to see proposals with more varied facades these days, indeed the obsession with all-glass envelopes might be waning; likely helped by environmental concerns. I also recall years back Toronto talking about mandating a maximum % of the facade that can be clad with glass, but I'm not sure if that ever went into effect.

If using window wall, maximum 40% of the exterior can be "vision" glass, or windows, but there' no reason that glass fronted shadow box or spandrel panels, both of which are insulated, can't be used. Curtainwall, which is better insulated, isn't so much of an issue. So, buildings can still be all glass exteriors.

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[amh]

For all the aesthetic benefits of a deep shadow box in place of a shallower insulated spandrel (i.e. good visual depth, a true shadow effect that appears more like vision glass from a distance), the condensation/moisture in the shadow boxes as seen at Corus Quay is the risk that you run with using it.

 

[Northern Light]

Reviving this thread to note that this building has been purchased by George Brown College to expand their waterfront campus.

George Brown College is expanding its Toronto campus. Here's how

The school has purchased the Corus Quay building to expand its Toronto waterfront campus.

www.thestar.com

I will also note for @Art Tsai and @interchange42 that this older one never did get a database entry/pin on the map.

From the article:

***

***

 

[ProjectEnd]

Renx: https://renx.ca/hr-sell-toronto-corus-quay-bldg-halmont-george-brown-2325m

 

[Northern Light]

Renx: https://renx.ca/hr-sell-toronto-corus-quay-bldg-halmont-george-brown-2325m

I think the key additional bit we get from the above is probably the price: 232.5M

For those who like their per ft 2 calculations, the space is 479,437ft2

 

[ProjectEnd]

It's basically a donation play. Transaction happened a couple of months ago and is just getting reported now. My understanding is that Corus moves out entirely and GB takes all the space. It'll be called the Daphne Cockwell Campus.

 

[rdaner]

Interesting news. When I first saw the headline I initially thought that a university had made the purchase and got very excited! My question now is where is Corus going? Is there going to be an announcement from Hines in the next few days?!

And on a purely speculative note I see many possibilities now that GBC long-term plans are to double its student population in East Bayfront. The biggest is that the cultural attraction on the east side of Parliament Slip is being discussed and the inclusion of a large performing arts centre for the college would make sense as well as utilizing the perfect location.

 

[CapitalSeven]

How and why is Corus going to "maintain its long-term lease at the building" and also move out entirely?

 

[Riseth]

Corus may be losing a prime waterfront location from this deal. I'm not sure why they would be ok with this.

 

[wopchop]

Corus may be losing a prime waterfront location from this deal. I'm not sure why they would be ok with this.

The property is owned by H&R REIT, it was sold by Corus in 2012.

H&R REIT acquires Corus Quay from Corus Entertainment

/PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) exercised its right to acquire the Corus Quay building from Toronto Port Lands Company ("TPLC") and...

www.prnewswire.com

 

[Riseth]

The property is owned by H&R REIT, it was sold by Corus in 2012.

H&R REIT acquires Corus Quay from Corus Entertainment

/PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) exercised its right to acquire the Corus Quay building from Toronto Port Lands Company ("TPLC") and...

www.prnewswire.com

Sucks to be them then. I'm sure they enjoyed their waterfront location regardless.

 

[interchange42]

Corus may be losing a prime waterfront location from this deal. I'm not sure why they would be ok with this.

I would assume what was unsaid was "until the end of their current lease". I wonder if they'll end up in the T3 complex just down the street?!

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[turini2]

I think this is great news for the East Bayfront - really cementing an anchor tenant! If only the Université de l'Ontario français would grow a little more...