CityPlaceN1
Senior Member
Anything is possible but CITY has not been the most profitable station during the last few years.
Though Rogers reported large profits today so they have the money if need be.
Anything is possible but CITY has not been the most profitable station during the last few years.
For reference, Quadrangle built the acclaimed BMW showroom:
This is the best news people hoping to get a signature YDS building could hope for.
^I wish. Toronto Life Square is a much more complex building to change.
Torch involved one tenant who was experimental to begin with. TLS is populated with proven brands that will undoubtedly succeed (FutureShop, AMC, Shoppers Drug Mart).
PenEquity stands to gain a lot from TLS and I doubt they'll cut it free. Even if they did, the building is already so messed up from its root (i.e. small passageways into FutureShop's lunch room) that little could be done even if a well wishing developer were to take over.
I'm not saying they can't change anything, I'm just saying that the worst part -- the interior configuration -- has made things very complicated to improve. Aside from that, PenEquity will actually do well with this property so unlike Torch, they have no reason to sell it.
The interior of TLS of course affects its exterior. A good example is how those narrow halls between the Yonge + Dundas module and the Ryerson Garage module have reduced the ability for a tenant to use the latter properly. The result is a lunch room overlooking Yonge Dundas Square. You can't improve that with cladding.
For the last few days, all the Panasonic ads have been covered up. But not replaced.
Paul