ChesterCopperpot
Senior Member
Reminiscent of Victoria Square in Belfast
Down the street, the city is set to approve a massive new development at the former Globe & Mail site at Spadina and Front streets that will see a large new public plaza and two sites dedicated for park space on Draper St. and Wellington St. W.
The seven-tower DiamondCorp development — combining 1,537 condo units, 105,364 square metres of office space and 44,824 square metres of retail space — faces final approval at committee Tuesday and council next month.
As part of the proposal, the developer has agreed to dedicate a parkette-sized piece of land — 0.07 acres — as part of the site. After negotiations with the city, the developer has also purchased 0.24 acres of land just north of the development at 456 Wellington St., what is now home to the Addisons Residence house-party-themed nightclub, for additional park space.
How large will the mall at The Well be?
Yea I'm actually concerned about the vitality of that retail, so 500K is pretty darn large, it's half of Farview mall for example; I'm not so sure how well all that retail will do.
Now mind you, a lot of developments build "a lot" of retail in the range of say 50/100K < that's probably not enough to be a destination, whereas this is, so that's a positive but still, think of the competition (Eaton Center / Queen Street / ... the path) - this development adds just 1 office building, mind you a very big one, I'm not sure that'll really be enough.
It'll be interesting to see how they do with securing tenants ahead of time (for the retail).