And then comes a development proposal for a mixed use building at Yonge and Goucester – the very cool-looking, red-bricked and history-filled building right at the corner of the intersection. The heritage designation will remain for the old section with a modern glass component popping out from its base to be 29-stories tall with 211 residential units and commercial uses at street level. There will also be 34 parking spaces included in the plan, which makes for tricky digging considering it’s right along the Yonge Street subway tunnels.
The developer still has a considerable road ahead with steps to amend the zoing by-law for the lot, get the project off it’s feet, sell what units it can and put shovel to soil. No word yet on any names for the project, but I’m sure that will soon be known once City Hall officially gives the go-ahead on the key aspects of the project.
I do know that much of the building above street level is rented out as very hip apartments with high ceilings and red brick loft-like walls. I’m sure those tenants will be sad to leave if they must for the construction to commence. They probably never saw it coming being in a historically designated building that they thought would be overlooked!
Ah, the pace of progress in Toronto! Never a dull moment with downtown condos, particularly along Bay Street and Yonge Street!