Changed Office Market Alters 57-Storey Development Plans

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Teagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.

Over six years later, the developer behind a pre-pandemic project for Dundas Street West has submitted revised plans that intend to do away with office replacements.Over six years later, the developer behind a pre-pandemic mixed-use development application has submitted revised plans that intend to do away with office replacements in light of Toronto's unrecognizable post-pandemic office market.

But when office vacancies skyrocketed during and following the shift to remote work precipitated by the pandemic, the replacement of existing office space within the new development was crossed from plans. Combining with existing parks and open spaces located nearby at 292 Dundas Street West and at 234 Simcoe Street , the new parkland would improve the surrounding context, providing a more generous pedestrian environment. Additionally, plans aim to connect the public park with a patio that is proposed to serve the retail space within the building.At grade, the retail space would span 2,731 sq. ft and be accompanied by a lobby, pet wash, and mail room.

The development site is centrally located within Toronto's core, sitting in close proximity to a number of landmarks including the Art Gallery of Ontario, Nathan Phillips Square, and the Eaton Centre. Further adding to the development's appeal is its access to higher order transit, being within walking distance of St. Patrick Station as well as the Dundas Street West at St. Patrick streetcar stop.

 

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