Yeah, maybe the guy that owns the Zanzibar has missed the boat on another development south of YSL
.. or just maybe there is room to squeeze another tower between YSL and Ryerson's SLC ...hmm?
It’s Closing Time for Toronto’s Strip Clubs
The slow death of the “gentlemen’s club”
is another sign of the city’s high land prices and booming condo construction
“Sometimes I feel like the last living dinosaur along Yonge Street,” says Allen Cooper, the second-generation owner of the famous—or infamous—
Zanzibar Tavern. The former divorce lawyer says
he has been approached by at least 30 suitors for his property in the past few years but is holding out for a “blow my socks off” offer. “I don’t know how many condos we’re going to get, but it seems like just a wall” of them, Cooper says. He wouldn’t disclose the price he’d sell at, but land deals nearby give a hint of what’s possible. Remington’s Men of Steel, a male dance club behind a heavy door, sold to
KingSett Capital Inc., which last year flipped it to
Cresford Developments as part of a bigger portfolio on that block that went for about C$160 million ($125 million), according to real estate data supplier Altus Group. That club is closing next year, to be replaced by a 98-story condo.
More......
https://www.bloomberg.com/news/articles/2017-12-12/it-s-closing-time-for-toronto-s-strip-clubs