Towered
Superstar
Well, it is really not finished so your (possibly accurate!) comment is a bit premature.
I think we can already see that this will be like the grenade at the prom that no one wants to dance with...
Well, it is really not finished so your (possibly accurate!) comment is a bit premature.
What a disappointing outcome for this entire site. Three unremarkable office buildings jammed together with no presence at all, and quite unlike the TD Centre assembly. When you add up the floor space taken by the Bay-Adelaide troika you wonder what a taller single building might have added to the site in terms of architecture and public realm amenities at ground level. The buildings are efficient though , no doubt, from an accounting point of view - so Toronto.Agree, we really don't need to see any more to know the outcome. All 3 'Bay-Adelaide' office buildings couldn't get any more mind numbing. At least in that 2nd last shot we'll have Dineen Coffee to lift one's spirits.
What a disappointing outcome for this entire site. Three unremarkable office buildings jammed together with no presence at all, and quite unlike the TD Centre assembly. When you add up the floor space taken by the Bay-Adelaide troika you wonder what a taller single building might have added to the site in terms of architecture and public realm amenities at ground level. The buildings are efficient though , no doubt, from an accounting point of view - so Toronto.
The original 80's version for comparison
View attachment 286845
It's a shame the economy tanked as that would have looked great in the 90's/00's skyline
There's an office tower in Philadelphia that looks remarkably similar to that early BAC proposal.
Whenever I think of tall buildings and Die Hard, this shows up:
To be honest, I can't believe that the office buildings' future is not creating a bigger ripple in the news. Pre-pandemic, there was a shortage of office space in downtown Toronto. However, those same employers in the financial and tech companies have swiftly adapted to WFH and all those office spaces are currently sitting idle. Having seen their workforce transition to productive WFH arrangements, you bet the company execs are asking themselves: "maybe we don't need the office space anymore"?Apparently Brookfield is looking to sell its 1/2 interest in this tower.
The article spends some time speculating this has something to with WFH; which makes very little sense to me as this tower is substantially leased, at a known rate.
It doesn't proffer any evidence; and Brookfield had no comment. (I'd be more in the camp of generating capital for the next investment........but no inside info there)
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Brookfield looks to to sell 50 per cent stake in Toronto office tower project
Brookfield Asset Management Inc. is looking to sell a 50% stake in an office tower it’s developing in Toronto’s financial district, according to peopl...www.thestar.com
To be honest, I can't believe that the office buildings' future is not creating a bigger ripple in the news. Pre-pandemic, there was a shortage of office space in downtown Toronto. However, those same employers in the financial and tech companies have swiftly adapted to WFH and all those office spaces are currently sitting idle. Having seen their workforce transition to productive WFH arrangements, you bet the company execs are asking themselves: "maybe we don't need the office space anymore"?
I know for a fact that my company is doing just that - terminating leases across various locations and substantially downsizing their office space in preparation for the post-pandemic new reality.
All this to say that it may seem strange to see Brookfield pull out of this property, but it may make a whole of a lot of sense in the long run, and WFH has a lot to do with it.