Toronto Pinnacle One Yonge South Block | 296m | 85s | Pinnacle | Hariri Pontarini

I get that it almost certainly isn't economically viable, but I really wish that the tower in front of the Prestige was shorter so we'd have a terracing effect up from the waterfront. Instead we end up with one weirdly "short" (cus it is still a significant tower in its own right) surrounded by behemoths. Love that it isn't all white and blue glass like the north block though, having some contrast is nice, although I'm sure that will be the first thing to be VE'd out of what actually gets built, because this is Toronto and we cannot have nice things. Just blue/grey/white/black condos.
 
I don't hate the design, I honestly like it better than the original scheme. But I kinda hate how they block out SkyTower. It feels like they need to be slimmed down a bit, or maybe shortened, or maybe slimmed and made taller? Screw it, let's just make the east tower 400m and the west tower a more modest 200m. Also I can't help but imagine what all those people who purchased south facing units in SkyTower are thinking this evening lol.
 
Last edited by a moderator:
ComptoirGeneral said:
But I kinda hate how they block out SkyTower.... Also I can't help but imagine what all those people who purchased south facing units in SkyTower are thinking this evening lol.
Click to expand...

They'll likely have a view for at least 10 years... (before they sell and move to Costa Rica).

79abef48ddab799eaebd7e3fdea145d4.jpg

Link
 
I don't think so, if you go to cbre.ca you will see no mention of 1 Yonge, unless I completely missed it.

I think it's much more likely it get's demolished and turned into a parking lot.
 
Well the one thing I'm trying to curious about is where are they planning on staging everything for phase 3 because everything for sky Tower now that the road work is underway on the south side is on the phase 3 lot
 
polesingularity said:
That sign has been there forever. I've heard that demolition will start fairly soon (and as shown in the other One Yonge thread a little while back, they've already got the approvals for it).
Click to expand...
...my position has always been if they plan to demo something, they need to start building on it right away. Because a left leveled eyesore is an eyesore...even if they slap a temporary park next to it.
 
UtakataNoAnnex said:
...my position has always been if they plan to demo something, they need to start building on it right away. Because a left leveled eyesore is an eyesore...even if they slap a temporary park next to it.
Click to expand...
This is happening too many times in Toronto. Or, even more often, leaving a commercial building without tenants (not even attempting to lease it) and letting it rot for years. The building at the NW corner of Church and Wellesley has been vacant since at least 2015.
 
Rascacielo said:
This is happening too many times in Toronto. Or, even more often, leaving a commercial building without tenants (not even attempting to lease it) and letting it rot for years. The building at the NW corner of Church and Wellesley has been vacant since at least 2015.
Click to expand...
Some of it was at least partly occupied until covid and it is the site for a development (that may or may not still be alive). SEE: https://urbantoronto.ca/forum/threa...eet-east-101-78m-31s-one-properties-s9.26542/ The Rexall was open until 2017 and was succeeded by a pop-up,
 
DSCToronto said:
Some of it was at least partly occupied until covid and it is the site for a development (that may or may not still be alive). SEE: https://urbantoronto.ca/forum/threa...eet-east-101-78m-31s-one-properties-s9.26542/ The Rexall was open until 2017 and was succeeded by a pop-up,
Click to expand...
I believe there were apartments above the former Rexall, so they may have been occupied after the Rexall had shut down. I moved to the area in August 2014 and the Rexall shut down less than year later. I know there's a proposal for this area (in fact, there have been several, including the bait-and-switch first one), but why not renew the lease until demolition is pending? Or for that matter, demolish it and turn it into a parkette until they're ready to start construction.
 
Rascacielo said:
I believe there were apartments above the former Rexall, so they may have been occupied after the Rexall had shut down. I moved to the area in August 2014 and the Rexall shut down less than year later. I know there's a proposal for this area (in fact, there have been several, including the bait-and-switch first one), but why not renew the lease until demolition is pending? Or for that matter, demolish it and turn it into a parkette until they're ready to start construction.
Click to expand...
My barber, Michael, was in one of the storefronts. He was on a month-to-month lease for quite a while before he closed when covid restrictions were started and never re-opened. I assume the developer wanted to be able to 'do something' fairly fast once they got the permits so were not prepared to offer real leases to anyone.
 
polesingularity said:
That sign has been there forever. I've heard that demolition will start fairly soon (and as shown in the other One Yonge thread a little while back, they've already got the approvals for it).
Click to expand...
Why would Pinnacle take an income-producing asset offline at least a decade before any redevelopment could / would begin?
Rascacielo said:
I believe there were apartments above the former Rexall, so they may have been occupied after the Rexall had shut down. I moved to the area in August 2014 and the Rexall shut down less than year later. I know there's a proposal for this area (in fact, there have been several, including the bait-and-switch first one), but why not renew the lease until demolition is pending? Or for that matter, demolish it and turn it into a parkette until they're ready to start construction.
Click to expand...
ONE is having serious corporate issues, hence the lack of movement on that dog (in addition to all of their other Toronto holdings which are for sale off-market).

In terms of flushing a building, residential is different from commercial. Commercial tenants a landlord can kick out whenever they want whereas residents have rights to stay. Residents also pay far less so the income is negligible when compared to office or retail. Why would anyone spend money to build a park?
 
You must log in or register to post here.

Back
Top