Menkes, Greystone Managed Investments and Triovest Realty Advisors. $260 million!
Toronto 100 Queens Quay at Sugar Wharf | 117.34m | 25s | Menkes | B+H
- Thread starter themarc
- Start date
ADRM
Senior Member
And at least one office tower, minimum LEED gold, shooting for platinum.
TOareaFan
Superstar
$200million + to Trillium Trust
Big Daddy
Senior Member
Actually I'm quite surprised they got 11 acres in such an outstanding location for only 260 million. There must be a lot of restrictions on the purport to keep the price so low.
ADRM
Senior Member
Excitingly, from the Menkes release:
"The proposed Menkes Waterfront development will include a 24-storey, 600,000 square foot office tower, 300,000 square feet of commercial retail space, and a new residential community. This new community will be anchored by a two-acre park located on the north side of Queens Quay East, between Freeland and Cooper Streets. The northern boundary of the park block will incorporate complementary retail uses fronting onto a future extension of Harbour Street, which presently ends at Yonge Street. The new park is envisioned as an active use space that will serve both the new community and the larger downtown core population. The final design of the park will be subject to a design competition."
And rendering from the Menkes Twitter account:
"The proposed Menkes Waterfront development will include a 24-storey, 600,000 square foot office tower, 300,000 square feet of commercial retail space, and a new residential community. This new community will be anchored by a two-acre park located on the north side of Queens Quay East, between Freeland and Cooper Streets. The northern boundary of the park block will incorporate complementary retail uses fronting onto a future extension of Harbour Street, which presently ends at Yonge Street. The new park is envisioned as an active use space that will serve both the new community and the larger downtown core population. The final design of the park will be subject to a design competition."
And rendering from the Menkes Twitter account:
Attachments
ADRM
Senior Member
Here's the link to the Menkes release: http://www.menkes.com/news/press/posts/231837849
UrbanAffair
Senior Member
I'm guessing that is very preliminary, but not expecting much design for the office portion. Hoping for some more creativity when it comes to the first phases of the residential use.
ADRM
Senior Member
Yeah, and I'm a little confused about the orientation of everything mentioned in the release without seeing a site plan. There's extensive detail about the office tower (and a rendering), and mixed use/residential is mentioned with little detail. If I read the release correctly, though, the public park (subject to a design competition) will be on the southeast corner of the land and Harbour St. will be expanded by then to become the northern boundary thereof.
navyblue
New Member
i always thought it would have been a good investment by MLSE to buy that parcel for the inevitable replacement for ACC. waterfront, close to public transport, close to some of thier properties already.
Adjei
Senior Member
Another uninspired design.
TOareaFan
Superstar
Setting aside the two acres for park....that is 9 acres of developable land at just shy of $29 million an acre.....that is a "low" price?
And land for Harbour Street as well.
Filip
Senior Member
I really hope that's not the design. That's almost insulting.
am29
Active Member
300 million for Yonge Bloor says it's pretty cheap.
am29
Active Member
Office looks like a PWC copy and pasta sauce.