rbt
Senior Member
Any thoughts on what's holding up Site Plan Control approval for the second tower?
Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre
UtakataNoAnnex
Senior Member
It more or less reaches over to it though...
skycandy
Senior Member
Far west side...
innsertnamehere
Superstar
Well it really didn't last long.
UtakataNoAnnex
Senior Member
I was thinking of late that the financial district has been slowly leaking to the South of the tracks for awhile now.
adHominem
Senior Member
Like 17 years, was it? I have Ikea furniture that's lasted longer...
ushahid
Senior Member
looks like both of them survived a hurricane. LOL!
Sandpit
Active Member
I see the tracks as Toronto's equivalent of Melbourne's Yarra River.
Amare
Senior Member
They shouldve kept the scraps and donated it to Hamilton, to construct a semi-functional and proper downtown bus terminal. But I digress, glad to see things progressing on site here.
Deadpool X
Senior Member
If they want to think on those lines, then they can say at the edge of the Financial District. But no, they like to call it the heart!
What is Bay & King then? Butt? Well, technically, butt is in the centre of the body when someone is standing but I am digressing here.
Whenever a developer says "heart of ________", it's safe to assume that it will be nowhere close to the centre of _________.
UtakataNoAnnex
Senior Member
Without getting into blowing each others' No True Scotsman bagpipes...as I've indicated that heart has be growing over the last few decades. And is creeping both Southerly and Westerly. The HUB, this project, 160 Front, Union Centre and Union Park are all big prominent bank'ish buildings that are being added to our business core, without necessarily being in our original business core. Hence it's growing. So in the end, they are likely within the right to make that claim.
The REAL
New Member
Exactly. People are panicking as if companies are leaving in droves to other places. Yes Toronto's vancy rate is really high right now, but that doesn't mean that it'll be permanent. This is Toronto, not Montreal, Vancouver or Calgary. We have multiple companies invested in the city and not just one. There would have to be a terrible situation for the city to shut down and have companies leave by the masses.Phase 2 is actually substantially leased.
****
Also, could we please stop discussing this fictional reduced demand for office space.
Yes, a few folks are subletting.
But there is still lots of demand for office space in the Toronto market.
(yes, I'm sure)
That could all change; but it hasn't yet; and I would be surprised to see that happen in the near term.
isaidso
Senior Member
Toronto's office market will bounce back but what is the office vacancy rate right now?
Automation Gallery
Superstar
Not really that high, its gone from 1.5 to 4% vacancy rate, probably still one of the lowest in North America