innsertnamehere
Superstar
probably just waiting for the Globe and Mail to move out at this point.
untouchedWill the buildings at the southwest corner of Spadina and Wellington remain low rise and untouched? Or are they saving that for future development?
Today at the Real Estate Strategy & Leasing conference a representative from Allied confirmed that construction would start "at the start" of next year. Word is that the underground parkade will be completed first, and then the company will wait for tenants before they build the office tower.
Apparently this is about to happen soon and all at once. Looks like they have an anchor tenant for the office tower. It says they will build the residential and office all at once. One big project.
https://www.bisnow.com/toronto/news/mixed-use/riocans-ed-sonshine-on-intensification-its-exactly-the-right-place-to-be-64782?be=craig@retail-insider.com&utm_source=Newsletter&utm_medium=email&utm_campaign=tue-06-sep-2016-000000-0500_toronto-re?utm_source=CopyShare&utm_medium=Browser
No. They would have quite the fight on their hands to get anything more than a small increase that a Committee of Adjustment hearing just might be able to grant them. The heights are all tied to shadowing of adjacent sites.
42
The article states the residential was sold to Tridel and a private equity fund. My guess only the first block on the corner of Spadina & Front will begin construction that contains a retail mall, office tower and, rental apartment tower they retained 50% ownership.