Evolving LandscapeMarket Updates
Toronto’s real estate landscape is evolving. It’s with some nostalgia that we see landmark Toronto buildings coming down to see brand new shiny condos being built in their place.
Bathurst and Bloor saw Honest Ed’s Warehouse come down and in its place a condo building. Now plans are proceeding to take down the Mirvish owned Princess of Wales theatre on King St to build two towers 73 and 74 stories tall. This project will be designed by the renowned architect Frank Gehry and will include 2034 condo apartments, office space or a hotel and a new facility for OCAD University. It will be called Forma and pre-sales are to begin this year.
It’s a delicate balance of maintaining the spirit and soul of a city and yet providing the necessary living space so lacking in this city. We hope that the new Frank Gehry designed development on King St will be just as iconic as the theatre. Apparently it will be his tallest and largest project anywhere.
“Globeandmail.com, Sat April 2nd, 2022, A6”