A new headquarters building for The Globe and Mail at the corner of Spadina Avenue and Front Street in Toronto has been cancelled as owner the Woodbridge Co. Ltd. has instead sold the land to RioCan. Until recently the land in question was a car dealership and parking lot, but the delearship was recently torn down and preparations for were underway for excavation.
RioCan was one of three companies who recently bought the bulk of the Globe and Mail lands, a 6.5 acre site just to the west where the Globe's existing building stands. RioCan and Allied Investment REIT each purchased a 40 percent stake of that property, with a 20 percent stake going to Diamondcorp. They have plans for a large mixed-use project to include commercial office space, a shopping mall, and a residential component.
It could still be that the Globe and Mail's new offices will be somewhere on the combined site, but it is likely that the KPMB Architects design for the 19-storey office tower at Spadina and Front will be alterred or redesigned entirely as RioCan seeks to coordinate new construction across the expanded site. Just last week a new angle on the KPMB design surfaced in UrbanToronto's thread for the project, seen above.
More images of the plan can be found in the dataBase link below. Want to get in on the discussion? Click the associated forum link!
|Related Companies:||KPMB Architects, RioCan REIT, The Globe and Mail, Tribute Communities|