Toronto Pinnacle One Yonge Commercial | 170.8m | 40s | Pinnacle | Hariri Pontarini

I get the sentiment not to build commercial here now and I'm sure that will not happen - but I think it may be short cited to grant exceptions throughout the core - sure it'll be painful to have these projects unfinished with gaps for future commercial - but there's no going back really once it's residential.
 
While office space demand is bleak for the intermediate future, we've been here before in the 80s and 90s, and look what has happened since. Sure, less of the population commutes to brick and motor office buildings, but whatever the reason, the GTA population growth has always absorbed capacity and created demand. I feel with the number of large transit projects currently on the table, and slowly some serious discussions of inner yellow belt intensification, we'll see large tower proposals come back by the early 2030s followed by shovels in the ground a few years later. My hope is we will maintain enough prestigious sites in the downtown core such as this one, so some of these projects can be realized, and keep a strong business element in the city core, vital to the city's health.
 
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maestro said:
Does anyone build larger hotels anymore? I guess if you include multiple brands in the same building.
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Recently, I can only think of the Delta on Bremner. But I was thinking large as in established name brand hotels like Marriot or Hilton. I should have been more clear. Regardless, any hotel component would be only a part of the whole certainly.
 
These plans already include 300,000 square feet of hotel space which is a big hotel. There's 1.4 million square feet of office space. I don't know if they can sell some of the office space as office units . Transforming most if not all the office density to residential means some very tall towers. There's already a Sky Residences. Perhaps Stratosphere?
 
I didn't realize there was that much hotel GFA in the plans. Does that include any kind of convention space? Now I am curious how many square feet the Bremner Delta is.
 
AlexBozikovic said:
www.theglobeandmail.com

Developer proposes demolition of former Toronto Star office building at 1 Yonge St.

Vancouver-based Pinnacle International Realty Group’s plan would involve the demolition of the 25-storey tower and construction of two towers of 90 and 95 storeys
www.theglobeandmail.com www.theglobeandmail.com
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From the link above, the key bits:

1718241433402.png


The docs that The Globe have obtained come were circulated at a confidential, in-camera, meeting of both the Waterfront Design Review Panel and the City of Toronto Design Review panels.

The meetings were pre-application. So there are no new docs in the AIC, and outside of the height, everyone is being tight lipped about the details.

To be clear, this would remove the majority of the office space.

* I have edited this post to reflect changes in attribution made by the Globe and Mail; and to clarify wording used in the article.
 
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Northern Light said:
From the link above, the key bits:

View attachment 571987

The docs that Alex has seen come from a confidential, in-camera, meeting of both the Waterfront Design Review Panel and the City of Toronto Design Review panels.

The meetings were pre-application. So there are no new docs in the AIC, and outside of the height, everyone is being tight lipped about the details.

To be clear, this would remove the majority of the office space.
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Apparently, the idea it would be demolished is not an entirely new one. Here's a screenshot from someone's review of the building on Google Maps from 5 years back:
Screenshot_20240612-234313.png
 
AlexBozikovic said:
Corrections: that’s not how the sourcing in the story is worded, and it is written by Shane Dingman.
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The story has been updated since I first read it.

Your name and Shane's and someone else's appeared in the byline previously.

I will, however, correct my post to reflect that change.

As to the sourcing, I will copy the text:

1718250747070.png
 
AlexBozikovic said:
www.theglobeandmail.com

Developer proposes demolition of former Toronto Star office building at 1 Yonge St.

Vancouver-based Pinnacle International Realty Group’s plan would involve the demolition of the 25-storey tower and construction of two towers of 90 and 95 storeys
www.theglobeandmail.com www.theglobeandmail.com
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Wow now this somewhat surprising (although not completely shocking) Pinnacle wants to go this route. The occupancy rate here is....well not good and considering that there are more modern builds in and around in the area, it's probably a bit of a money pit for Pinnacle as it currently stands.

Which leads me to the question of: if Pinnacle wants to go this dense on the southern front of this site, whats the city's plan here? The city has had the policy of having heights of buildings fronting Queens Quay taper down, and this plan would go directly against that.
 
Just curious, if they go through with demolition, would this be the tallest building demolished in Toronto's history so far? I do have a fascination with how very tall towers will be demolished when their time comes, even if it's long after I'm gone.
 
Fritter said:
Just curious, if they go through with demolition, would this be the tallest building demolished in Toronto's history so far? I do have a fascination with how very tall towers will be demolished when their time comes, even if it's long after I'm gone.
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I think so. And ironically the tallest building ever demolished in Toronto up to now was the tower on the site of the current First Canadian Place (BMO Tower), which was ... the old Toronto Star building.

toronto-star-building-1929-KE5TDT.jpg
 
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