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Ed007Toronto
Guest
Noticed a large coming soon sign on the northwest corner of Yonge and Sheppard. Some three storey or so retail type development. Anybody have any info on this?
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Sir Novelty Fashion
Guest
Didn't AoD post a city report for a similar project some time back? I can't seem to find it, but if memory serves...
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fiendishlibrarian
Guest
That lot is an eyesore, a de-facto dumping ground. Every time I walk by it on my way home it seems to get worse.
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scarberiankhatru
Guest
Yonge & Sheppard will change dramatically when the three empty corners are filled in.
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alklay
Guest
If its three stories, I am sure it will be temporary and stucco clad. That corner is crying out for a tall building with high density.
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scarberiankhatru
Guest
^ But maybe only if they can acquire TTC bus terminal and the McDonald's building to the north.
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green22
Guest
New retail for Yonge and Sheppard.
The site is owned by the TTC and to be leased. The city requires a commercial office tower on site, however there is no demand and so they are planning to lease the site for about 20 years to a temporary business. They found that setting out a lease for 10 or 15 years would earn them a poor rate of return as even a best buy or tim hortons wants some minimum time commitments before it builds it's temporary box/parking lot.
I'd prefer housing with retail base as there is no guarantee that the market will be prime for office construction in 20 years when the lease expires either. This means that the intersection of the 2 subway lines will be a density vaccum for decades to come.
The site is owned by the TTC and to be leased. The city requires a commercial office tower on site, however there is no demand and so they are planning to lease the site for about 20 years to a temporary business. They found that setting out a lease for 10 or 15 years would earn them a poor rate of return as even a best buy or tim hortons wants some minimum time commitments before it builds it's temporary box/parking lot.
I'd prefer housing with retail base as there is no guarantee that the market will be prime for office construction in 20 years when the lease expires either. This means that the intersection of the 2 subway lines will be a density vaccum for decades to come.
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unimaginative2
Guest
The rendering looked pretty glassy. I don't know whether that's an authoritative rendering, though.