Toronto The One | 328.4m | 91s | Mizrahi Developments | Foster + Partners

[ThomasJ]

Wow, 15 million bucks for that tiny building on the west side of the laneway

I agree - it's a bargain. I, too thought the price would have been much higher.

 

[whatever]

Does Scotiabank own the building where that branch is sitting, or is that leased? If those lots were assembled they'd have a pretty sizable plot of land to work with.

 

[arvelomcquaig]

Yeah, how do tiny buildings like Scotiabank stay tiny for so long in such a prominent, development-prone area?

 

[Mike in TO]

Yeah, how do tiny buildings like Scotiabank stay tiny for so long in such a prominent, development-prone area?

Land assembly can be a very very difficult component of the development process.

 

[whatever]

Out for a walk today and I noticed that Sunrise is closing down. The signs out front are say that their lease expired. Is there some movement going on behind the scenes right now?

 

[modernizt]

That is one of a number of Sunrise locations to close in Toronto right now. I wouldn't read too far into it at this point.

 

[Towered]

Out for a walk today and I noticed that Sunrise is closing down. The signs out front are say that their lease expired. Is there some movement going on behind the scenes right now?

They sell CD's and DVD's - that should tell you everything.

 

[buildup]

They sell CD's and DVD's - that should tell you everything.

Sorry, not following.

 

[torontologist]

Sorry, not following.

It's no longer profitable to sell physical media like CD's and DVD's. Most of these stores are closing. The closing of this Sunrise location is not (necessarily) indicative of any movement on the development front.

 

[ThomasJ]

It's no longer profitable to sell physical media like CD's and DVD's. Most of these stores are closing. The closing of this Sunrise location is not (necessarily) indicative of any movement on the development front.

wow....sorry that you had to spell out the obvious like that. especially seeing as how you are a newcomer. welcome.

 

[caltrane74]

Seems like 774 Yonge street, would be the only designated heritage property to complicate any future development to this intersection
http://app.toronto.ca/HeritagePreservation/details.do?folderRsn=2440627&propertyRsn=230052

There are ways to get around this. Not really a big deal for a massive development.

 

[fiendishlibrarian]

There are ways to get around this. Not really a big deal for a massive development.

The family that owns Hue's Kitchen owns the entire building (and has family members living there, as there's a really cool apartment with a deck and skylight at the top). Interesting to see how this plays out.

 

[buildup]

It's no longer profitable to sell physical media like CD's and DVD's. Most of these stores are closing. The closing of this Sunrise location is not (necessarily) indicative of any movement on the development front.

Thanks for trying to explain. But I still don't understand. Sorry.

 

[innsertnamehere]

Sunrise no make money. Sunrise close.

Developer not force Sunrise out. Sunrise go out of business. Developer not plan anything.

 

[condovo]

^^ Post of the week.