They are 50% partner in Hudson Yards project. These projects are much smaller in scale. If it makes financial sense for them, they can take on many of these projects at the same time. I don't think they lack the scale or capability.
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www.theglobeandmail.com
If there is not any net gain in office space then I agree with Alex on the retention of the existing office buildings. If more office space were proposed (min. 1M square feet), then I would feel better about the environmental impacts of demolishing and rebuilding.@AlexBozikovic has a new column up (linked below) on this development.
It’s one of his best.
In Toronto, a huge new development plan has some big flaws
The 9.3-acre scheme, announced last month, would tear down more than 600,000 square feet of office space and rebuild it, adding 2,700 apartments
I agree completely on 2 of his 3 central points ( the need to break up the super-block); and the need for better open space.
I'm less enamoured by his notion of keeping the existing office towers.
I agree w/the idea of the City growing organically, but these towers have a miserable relationship w/Yonge that I'm not sure is fixable.
That said, I would entertain options that suggested it was fixable; with the admonition that such ideas rarely work out (see Manulife Ctr)
Yeah...that thing is obnoxious in that high density local. Either that or bury it if they want it so private, then pave a public park over the top of it.
