unimaginative2
Senior Member
Everything must go? What about the building?
GEOFF NIXON
June 2, 2007
With the iconic flagship Sam the Record Man up for sale, a number of property-development sharks are circling its exterior. Why not? How often does street-side space on Yonge Street in the heart of downtown come available?
One of the most eager of those sharks is Ryerson University. The school that recently saw its applications jump by 20 per cent is growing at a rate that exceeds its land-locked campus. Now Ryerson is eyeing the glittering discs that light up the street beside its library building.
Ryerson president Sheldon Levy says he has been interested in acquiring the property since he came to Ryerson in 2005.
"I have been at Ryerson for two years and within a very, very short time there, I saw it was a strategic property," says Mr. Levy, who sees it as a key conduit to expanding student study space on campus or to growing the campus library.
For now, however, Mr. Levy says the two sides "are not even close" to any sort of agreement, but admits that the school continues to keep tabs on the availability of 347 Yonge St.
GEOFF NIXON
June 2, 2007
With the iconic flagship Sam the Record Man up for sale, a number of property-development sharks are circling its exterior. Why not? How often does street-side space on Yonge Street in the heart of downtown come available?
One of the most eager of those sharks is Ryerson University. The school that recently saw its applications jump by 20 per cent is growing at a rate that exceeds its land-locked campus. Now Ryerson is eyeing the glittering discs that light up the street beside its library building.
Ryerson president Sheldon Levy says he has been interested in acquiring the property since he came to Ryerson in 2005.
"I have been at Ryerson for two years and within a very, very short time there, I saw it was a strategic property," says Mr. Levy, who sees it as a key conduit to expanding student study space on campus or to growing the campus library.
For now, however, Mr. Levy says the two sides "are not even close" to any sort of agreement, but admits that the school continues to keep tabs on the availability of 347 Yonge St.