News   Jul 15, 2024
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  1. M

    Saks Fifth Avenue Flagship (Queen & Yonge)

    From what I’ve heard and been privy to, Saks is only really looking at the Bloor site and the Sears site at Yorkdale. Nordstrom’s will have a new build at Yorkdale, is looking at the Sears site at Sherway and is kicking the tires at Square 1 (which they have to do to get into Yorkdale)...
  2. M

    Toronto RBC WaterPark Place III | 140.2m | 30s | Oxford Properties | WZMH

    1 University is pure bronze as well. Gorgeous little building but the cost to replicate today would be outstandingly large. Same with RBC Plaza which has kilos of gold in the windows.
  3. M

    Mississauga Square One Expansions and Revitalization | ?m | ?s | Oxford Properties | MMC Architecture

    Are you sure you're not talking about Erin Mills Town Centre? Square 1 will get a Saks or Nordstroms within the next 24 months to go along with the new very large Holts. It's had hundreds of millions spent on it over the past decade. Will they and should they do more? Yes. And they will.
  4. M

    Toronto Richmond Adelaide Centre: EY Tower | 188.05m | 40s | Oxford Properties | Kohn Pedersen Fox

    Brookfield's and Oxford's don't really care about height, they care about total square footage and floorplate size. Their goal is to lease the space and larger floor plates are easier to lease to a large tenant so by definition you are going to get shorter squater buildings as those are easier...
  5. M

    Toronto 80 Bloor Street West | 263.4m | 78s | Krugarand | Arcadis

    Would you like a balcony looking west or one with lake views to the south? Which would be easier to sell?
  6. M

    Toronto The Residences of 488 University Avenue | 206.95m | 55s | Amexon | Core Architects

    The concrete/stone around the windows is degrading rapidly. Like really really rapidly. You can see where there are bolts holding parts together. CP Pension used to own this building and sold it for very little due to not wanting to redo the exterior and not wanting the liability of pieces...
  7. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    Oxford has developement projects underway in NYC (Hudson yards) London (Leadenhall/CheeseGrater), Toronto (RBC, EY Tower, Yorkdale, Square One), Calgary, Vancouver. They have their eyes EVERYWHERE and that includes Toronto (the the Cumberland Terrace site and the MTCC site and further...
  8. M

    Toronto Union Park | 303.26m | 58s | Oxford Properties | Pelli Clarke Pelli

    Oxford bought the MTCC long before there was a casino conversation. That said a casino amplified everything they were trying to do with the site. Oxford owns hotels and it owns about 6,000 apartment units in Canada so hotels and apartments are a big focus. There is NO reason they wouldn’t put a...
  9. M

    Toronto Eight Forty on St Clair | 28.95m | 8s | Worsley Urban | RAW Design

    That picture of the location looks to be Hughes Public School on Caledonia and Innes Ave. It MOST CERTAINLY is NOT on St. Clair or or anywhere NEAR the Hungarian House!
  10. M

    Toronto Richmond Adelaide Centre: EY Tower | 188.05m | 40s | Oxford Properties | Kohn Pedersen Fox

    They're working on the 10th floor today. The pace is pretty much 1 floor every 1.5-2 days so would expect they will be done right around the end of the month or just after.
  11. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    It’s mostly 310-320-330 Front which is owned by H&R. They are already marketing 272k sq.ft. contiguous (the whole building) at 320 front. 315 Front across the street has a lot of the sensitive/dark grey IT and back office functions which are tied to 325 front where they do cheque cashing so I...
  12. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    It's leased in large part because Oxford took 6 or 8 floors when times were really rough, Oxford's parent OMERs leases significant space there and they did some sweetheart deals with RBC. I'm fairly certain that RBC will be moving more of its space down to the new building but will keep just...
  13. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    I'm pretty sure it's gone as well. What I think you'll see happen is the lower quality A class buildings will run into leasing issues and rental rates will fall. The exchange tower will be one of the ones hit with the TSX moving to 100 Adelaide. It won't be the "Exchange" tower anymore (though...
  14. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    After that building boom Commerce Court West sat half empty for a few years. Granted they used the time to remove the asbestos etc. but I wouldn't have wanted to be GWL through that. Oxford moved into RBC Plaza to fill space not because they wanted to get out of 130 adelaide. TD Centre hasn't...
  15. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    There is approx. 40mln sq.ft. of Class A-AAA office space in the Downtown (College to the lake, River to Bathurst but really just Financial Core and South Core). So yes even if the buildings were delivered 50% occupied the vacancy would go just above 10%.
  16. M

    Mississauga Square One Expansions and Revitalization | ?m | ?s | Oxford Properties | MMC Architecture

    Increasing the size of the mall probably won't have much of an impact on sales psf. Total sales yes. At the end of the day, even going up, you can't increase the size too much more (maybe 30%?) as you can't really move the anchors. So the footprint isn't going to change much even if you add...
  17. M

    Mississauga Square One Expansions and Revitalization | ?m | ?s | Oxford Properties | MMC Architecture

    And again, how are doing any of those things going to make an accretive return on their investment? Spending another half billion on that mall is simply not going to make it worth half a billion more.
  18. M

    Mississauga Square One Expansions and Revitalization | ?m | ?s | Oxford Properties | MMC Architecture

    They wanted to make a conference centre and large hotel there, Hazel just got out of the mess that came from that with the conflict of interest and potential kick-backs etc... Oxford and it's 50% partner AIMco have a plan for this site, they have spent hundreds of millions on it in the past...
  19. M

    Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre

    This is one place where a wedding-caked wedge would look interesting. Start it at the height of the Front Street side and take each floor higher as it goes south. Due the size of the site, open up the middle so you have a U with the open end facing front street at a flat height equal to the top...

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