Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners
- Thread starter urbandreamer
- Start date
LUVIT!
Senior Member
This is very exiting!
DonValleyRainbow
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Being updside-down like that almost made me hurl on my keyboard.
Benito
Senior Member
I didn't notice that the photo was upside down until you just mentioned it, sorry. I've fixed that now.
DonValleyRainbow
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No worries, the perspective just tripped me out hard.
smably
Senior Member
I thought it was intentional and liked the effect, vertigo and all.
Benito
Senior Member
I thought it was intentional and liked the effect, vertigo and all.
OK here it is again.
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UrbanFervour
Active Member
Do we know why that Scotiabank and the H&M are holding out? Thats going to be a very small parcel to build on one day...
AlvinofDiaspar
Moderator
There is something about that composition that is vertiginous.
Isn't there some talk of that site being sold to parties unknown?
AoD
Isn't there some talk of that site being sold to parties unknown?
AoD
ChesterCopperpot
Senior Member
Scotiabank was sold for a pretty penny ($74million) earlier in the year. H&M have no interest in selling apparently
LNahid2000
Senior Member
Progress.
Downtown Toronto
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Scotiabank along with CIBC have sold many of their buildings in their portfolio, I counted 12-15 CIBC branches that sold this year ( just in Toronto) and 6 other Scotia buildings just in Toronto alone in the last 3 months (222 Queen W $17.7M , 416 Spadina $6.3M, 649 Danforth $7.5M, 2072 Danforth $7.5M, 643 College $6.235M, 1016 Kingston $3.58M, ). All the Scotia and CIBC buildings were purchased by Mertus Properties https://goo.gl/VHmZ56/with the exception of the one at 17 Bloor that was purchased by Mappro Realty for $74M in late 2016. A few of the CIBC ones were purchased as a partnership between Mertus and Pemberton Group https://goo.gl/Dgwqjz
Last edited:
innsertnamehere
Superstar
222 Queen W is interesting.. that is right in the middle of the Queen West HCD. The price paid is clearly intended for development, too.
A Torontonian Now
Senior Member
While I haven't reviewed the HCD documents, I know one issue is shading. 222 Queen West is the north side of the street, so shade shouldn't be as much of a problem for a potential redevelopment here...
LMVDR
Active Member
Presumably H&M is just waiting for a credible developer to take over the site and then partner with or sell to them.
The writing is clearly on the wall that this one will not be The One. More like The Next One.