Tag Archives: yonge st
Saving Toronto’s heritage buildings the smart way
Raja Moussaoui – Toronto Star
The debate over how Toronto can absorb more people while preserving old landmarks is unfolding in two very different ways near the intersection of Yonge St. and Eglinton Ave.
Well-publicized protests over the sale of Postal Station K to a private developer highlight the traditional battle between heritage conservation and the demand for development.
But around the corner, on Eglinton Ave., city planners are testing a new concept to create more living space without destroying much-loved old buildings.
This type of hybrid architecture is being adopted in cities older and more dense than Toronto, such as London, England, and New York. The idea is simple enough: Create relatively small, contemporary extensions and slot them into and around historic mid-rise buildings. Design experts call it “a delicate adding of density.”
In Toronto, a new city planning policy that encourages this type of development is gradually gaining attention. “It’s the first time the city has been pro-active in terms of articulating the kind of development that we haven’t seen but that we want to see,” said Lorna Day, project manager for the Avenues and Mid-Rise Buildings Study, which was endorsed by city council in 2010.
The study takes the general guidelines set out in the Official Plan and applies to Toronto examples of heritage conservation techniques found in a number of cities around the world.
Through this process, the city has decided that Toronto’s so-called Avenues (main arterial roads such as Eglinton Ave.) should grow through mid-rise development. The plan is to implement zoning laws that enforce that decision.
“We certainly don’t need towers on the Avenues,” Day said.
The controversy over Postal Station K points to the widespread concern about losing significant heritage buildings to condo towers. Local residents rallied but failed to stop the sale of the postal station.
The site of Postal Station K, an Art Deco building built in 1937, has a long history. In 1837, it was the site of Montgomery’s Tavern, where William Lyon Mackenzie organized, launched and ended the Upper Canada Rebellion. The developer has promised to work with residents to find a solution everyone can live with.
Over the next few months, Day’s team will use these mid-rise performance standards to determine the new zoning regulations for Eglinton Ave.
“Addition” rather than just “renovation” is the name of the game.
Retaining a neighbourhood’s historical character while adding more density has its challenges. There are several reasons why the hybrid model is not characteristically seen in Toronto.
Renovating an existing building poses risks: The building may not be structurally sound and it may not meet building code requirements. Both problems can quickly complicate a renovation and spike costs.
Janna Levitt, principal at Levitt Goodman Architects, a Toronto firm with extensive experience in conversions of old buildings, said that 15 years ago, developers were unwilling to renovate and add to a historic building. But now, with land values so high, a developer may be willing to absorb the cost of working with a heritage building in a desirable – and thus profitable – location.
Even now, developers willing to restore heritage buildings will often do so only if they can incorporate it into a tall building that will yield the maximum amount of density.
“We don’t control the economics,” said Day. “What city planning can do, through council, is to give predictability and certainty … It doesn’t guarantee the development industry will build it, but it does help the speed with which a developer can go from an idea to a building.”
SHoP Architects, a New York City firm, worked closely with city planning officials there to complete two hybrid mid-rise projects: The Porter House, in Manhattan’s Meatpacking District, and the Garden Street Lofts in Hoboken, N.J. Both projects combine robust, historical warehouses with additions of contemporary residential units.
“A lot of these warehouses are incredibly flexible and can handle additional weight,” said Christopher Sharples, principal at SHoP Architects.
One Toronto example of this hybrid form is the Printing Factory Lofts, on Carlaw Ave. near Queen St., where an early 20th century warehouse was topped with a modern steel and glass extension that raised the entire building to a height of eight storeys.
—————————————————————————————————–
Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
—————————————————————————————————–
Incoming search terms
Toronto condo’s musical theme inspired by Massey Hall
Sydnia Yu – The Globe and Mail
Directly across from the Eaton Centre in the heart of Toronto’s downtown core, a historic bank was boarded up and abandoned 25 years ago. But plans to transform the heritage building into a modern highrise has the public returning to make financial transactions of another kind.
“We were one of the highest-selling projects in the third quarter with over 75% sold already,” says Gary Switzer, president and CEO of MOD Developments. “It has been very satisfying for us that we’ve rescued this building, and it’ll become part of a new development.”
Hariri Pontarini Architects designed this 60-storey residence with fritted glass and sculptural balconies surrounding 698 suites above a four-storey portion of the bank, which was one of three constructed for the Canadian Bank of Commerce along Yonge Street between Queen and Shuter streets circa 1905.

Massey Tower and the old Canadian Bank of Commerce
“People don’t want to live in another condo tower; here’s something with personality and quality,” says Mr. Switzer. “We’ve used one of the best modern architects to do the tower itself, which is a stunning, articulated tower behind the old bank, so you get this combination of old and new, which is great.”
Just as the exterior will be restored, the developer refurbished intricate mosaic floors, vaulted ceilings and plaster mouldings showcased inside the sales centre, which will eventually become the residential lobby with concierge and a porter.
“It’s probably the grandest entrance to any condominium in Toronto,” Mr. Switzer states. “And Cecconi and Simone have done a hip version of Edwardian architecture with chandeliers to play on this whole theme.”
Though buyers may not be familiar with the interiors, it is likely many walked past the landmark at 197 Yonge St., which is just steps from hundreds of shops and restaurants in and around the Eaton Centre, major theatres and event venues, as well as several hospitals and universities.

Massey Tower in the heart of downtown
“It’s a great location,” Mr. Switzer adds. “It’s literally right at the Queen subway stop … but a lot of people living here will walk to St. Lawrence Market, Queen West and the Financial District.”
For those who go further distances, GO and VIA train stations, Billy Bishop Airport and highways are all nearby. The project’s name and music-themed art also pays homage to its famous next-door neighbour, Massey Hall, which will be given a parcel of land from the Massey Tower site.
“They can finally do an addition and renovation of Massey Hall, which they’ve never been able to do because they were land-locked,” says Mr. Switzer. “It’s cool that we can help out this national institution.”
The building will also be a beacon of activity with fitness studios, a juice bar and treatment room on the ninth floor, plus a cocktail lounge, dining room, piano bar and dance hall surrounded by a rooftop terrace on the 10th floor.
“Instead of another boring party room, we set it up [as] a place where you can have a proper party and have live music,” Mr. Switzer explains.
To entertain or relax in privacy, there will be one- to three-bedroom suites – though buyers have combined two to create larger spaces – with open principal rooms and nine-foot ceilings. Cecconi Simone will assemble three finishing packages with sleek, Euro-style appliances, contemporary kitchens cabinetry and granite, composite stone or Corian countertops, among other luxury finishes.
Monthly fees will be 53 cents per square foot and parking priced at $69,000 for suites over 800 square feet. Occupancy is slated for November, 2016.
—————————————————————————————————–
Contact the Jeffrey Team for more information – 416-388-1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
—————————————————————————————————–
Incoming search terms
Toronto Star office parking lot set to succumb to city’s condo craze
Garry Marr – Financial Post
The Toronto Star parking lot is about to become the latest piece of land to succumb to the city’s condominium craze, according to multiple sources.
A deal is expected to close in the coming days that would see Vancouver-based Pinnacle International Realty Group develop the project which is expected to include up to three towers. The existing office tower at One Yonge St., home to the Toronto Star which has a long-term lease for its space, will not be impacted by the development.
“The actual Toronto Star building will not be touched,” said a source close to the deal, who did not want his name used. The newspaper has options which could extend its lease another 20 years.
The price tag for the current deal is expected to far exceed what the building sold for about 12 years ago.
Torstar Corp. said in August 2000 that it had sold One Yonge Street to a private holding company represented by Osmington Inc. which is controlled by the Thomson family. The sale netted Torstar $40-million and produced a gain of $22-million.
“It will be far north of that,” said one source close to the deal, in reference to the latest sale price.
At the time of the deal, Osmington indicated the newspaper had a long-term lease at One Yonge St. but the real estate company was “looking at what we can do with the parking,” noting its location close to the Air Canada Centre, which had just opened a year earlier.
Torstar bought the building in 1996 from a creditor group but sold it shortly afterward, describing the building as a non-core asset and saying the strength of the real estate market at the time created an opportunity for the sale.
“I’m sure it will be something iconic,” said a source. “They are planning multiple towers. It will be a major Yonge Street address with great water views.”
The revitalization of the waterfront near Yonge has made the area ripe for development, said the source. “Investors are looking for more triple A projects than just run-of-the-mill projects. It makes sense to locate close to transit, close to the subway.”
One industry developer said the land could be worth as much as $70 to $75 per buildable square foot in today’s real estate market. “It’s a big lot, so we are talking very big numbers,” said the developer.
—————————————————————————————————–
Contact the Jeffrey Team for more information – 416-388-1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
—————————————————————————————————–
Incoming search terms

















