ProjectEnd
Superstar
Or, as Spacing would say,
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Royal Bank Plaza Renovations (Oxford, WZMH)
- Thread starter billy corgan
- Start date
samsonyuen
Active Member
I finally ate their for lunch the other day. Looks great, but it seems the ceilings are lower than other food courts. It's one level below PATH, is the ceiling height lower too? Also, the tables seemed really close together, and there seemed to be a dearth of tables for the number of stalls.
grey
Senior Member
The ceiling height feels the same as it did before the renovation, but it's a far more open and spacious space than it used to be. Still, it does get overcrowded at lunch.
adma
Superstar
And it's not like I get "high-ceiling" feelings in other food courts, either. Though maybe it's less of a high-ceiling sensation entering the place, perhaps a vestige of RBP's earlier corkscrew concourse layout...
DowntownCoder
New Member
Can't immediately find a better place to put this news than this 13-year-old thread, if this should be elsewhere or in a new thread please let me know.
Oxford is apparently set to sell the complex to Pontegadea, the family investment firm of Zara founder Amancio Ortega, per the Globe which claims confirmation from three sources.
Wouldn't be shocked if that means some of the retail space (like Brooks Brothers, which is still open there but only recently went through a bankruptcy sale) is eventually repurposed by Zara.
Oxford is apparently set to sell the complex to Pontegadea, the family investment firm of Zara founder Amancio Ortega, per the Globe which claims confirmation from three sources.
Wouldn't be shocked if that means some of the retail space (like Brooks Brothers, which is still open there but only recently went through a bankruptcy sale) is eventually repurposed by Zara.
innsertnamehere
Superstar
what an odd purchaser. Maybe they’ll rip out those stupid office floors and restore the atrium?
deerparker
Active Member
There are long overdue renovations underway at the RBC branch. Much of the space is covered, including the ceiling, in heavy white plastic, but parts of the branch are accessible. It wasn't clear to me if they intend to continue to use the same footprint they had before.
Northern Light
Superstar
I think the work you are referencing is likely covered by this permit:
There is another one for alteration to ground-floor offices.
As well as:
and this:
slickpete83
Active Member
Zara's owner to buy Toronto's Royal Bank Plaza for $1.2B
BNN Bloomberg – Canada Business News, TSX Today & Interest Rates
Get the latest Canadian business news, TSX updates, interest rates and Bank of Canada coverage. Explore stock market investing and get expert financial insights on investment portfolio strategies.
www.bnnbloomberg.ca
Zara’s billionaire owner to buy Toronto's Royal Bank Plaza for $1.2 billion
Sale of iconic, gold-clad tower among the biggest transactions for an office building globally since pandemic began
financialpost.com
BermudaTO37
Active Member
If this is the case about Brooks Brothers, the staff seem to be singing a different tune. Since the Cdn ops were bought out, they seem to be investing in the brand. But retail goes in ways I am lost on.
slickpete83
Active Member
he got a good deal $1,200,000,000 / 977,960 sq ft = $1227sqft ,cheaper then pre construction condos hahahaha...
en.wikipedia.org
The glass for the body of the building was manufactured by Canadian Pittsburgh Industries and was coloured using 2,500 oz (71,000 g) of gold, valued at CA$70 per pane at the time of installation. that's like 5.67 million Canadian dollars worth of gold on the building
I remember seeing plans to build a tall thin Condo building on the land between Royal Bank Plaza & the Royal York Hotel back in 2010 , but it went nowhere , maybe with new owners things will change, but not sure where exactly the property lines are between Royal Bank Plaza & the Royal York Hotel
Royal Bank Plaza - Wikipedia
I remember seeing plans to build a tall thin Condo building on the land between Royal Bank Plaza & the Royal York Hotel back in 2010 , but it went nowhere , maybe with new owners things will change, but not sure where exactly the property lines are between Royal Bank Plaza & the Royal York Hotel
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DowntownCoder
New Member
Good to hear they're investing in the brand. I didn't have high hopes
edit: I was misinformed, double-checked and it turns out the family sold their interests well before the bankruptcy.
Canadian Chocho
Active Member
I think I noticed they had installed a very bright video screen along the Front Street side.
UtakataNoAnnex
Senior Member
Am I missing something, but what would a clothing chain want with a bank building? If feels like Victoria Secret buying out Midas...
...I mean, unless they want to put some retail presence at this location? Awful expensive acquisition just to throw up store though.
...I mean, unless they want to put some retail presence at this location? Awful expensive acquisition just to throw up store though.
slickpete83
Active Member
he is diversifying his investment portfolio by buying up lots of commerical real estate lately
just like how Bill Gates owns a lot of his wealth in stocks of -->Waste Management Inc. Caterpillar Inc. Canadian National Railway Co. Walmart Inc.