Toronto Yonge and Scollard | 167.5m | 49s | Cityzen | KPMB

AlbertC

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http://www.cbre.ca/o/torontonorth/AssetLibrary/Yonge_Scollard_Brochure.pdf

South-east corner of Yonge & Scollard listed on CBRE as a retail and condominium development opportunity site. Currently occupied by three small low-rise properties with various retail units. Adjacent to the 18 Yorkville tower and "the Villas" mid-rise condos. Really thin sliver of a site, but the .pdf file lists several potential development concepts of rather high density. Couple of nice skyline shots in there too.
 
It looks like there are plans for a "luxury" high-rise at this site (which seems quite small).

photo-2-1024x765.jpg


From Graybook Capital's website (http://www.greybrook.com/real-estate-investments/):

1 Scollard
  • Provided equity capital and ongoing asset management to purchase an interest in a property located at the corner of Yonge Street and Scollard Avenue in Toronto, Ontario, the gateway to Toronto’s Bloor-Yorkville neighbourhood. The property will be the site of a luxury high-rise condominium, which will be co-developed by a team that includes Fernbrook Homes, Cityzen Development Group, and architect Michael Wong.
  • Location: 874, 876 and 878 Yonge Street, Toronto
  • Luxury high-rise condominium project
  • Estimated projected completion value of the Yonge-Scollard project is $300,000,000
  • Developer Partners: Fernbrook Homes and Cityzen Development Group
  • Total Equity: $12,850,000
From a recent blog dated August 21, 2015:

We are pleased to announce that the award-winning firm, KPMB Architects (“KPMB”) has been selected to head the design process at 1 Scollard Street at the corner of Yonge St. and Scollard in the Bloor-Yorkville neighbourhood. Led by renowned architect and co-founder Bruce Kuwabara, KPMB has created a diverse portfolio of work for educational, cultural, healthcare, civic and corporate clients throughout North America and Europe....

edit: link to blog here -- http://dealblog.ca/2015/08/1-scollard-design-partner-kpmb-architects/
 
Based on the design I'm guessing that it is in fact it is the auditing firm.

Only an accountant could propose something so boring.
 

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