Originally Posted by kevinbottawa
It would also be nice if the retail space on the other side of Nicholas, across from the Ogylvie building, wrapping around to Rideau Street through to Dalhousie were drastically improved (like a Bloor Street). I'm hoping Cadillac-Fairview is able to buy that whole block.
The wildcard is the One Nicholas office building. Would Cadillac Fairview pay for a non-descript, mid-sized 60s office tower? Would it be economically feasible for them to buy it and then tear it down or even just a facelift?
On the other hand, a few factors might actually make the purchase of that land quite attractive to them;
1. Assuming that by 2017 they expand the Rideau Centre into Ogilvy's and build a hotel on the Registry's office, they will only have the parking garage left for future expansion.
2. With Cadillac Fairview specializing in both retail and office space, it might be interesting for them to buy that city block in preparation for the CBD running out of development sites in about 20 years.
3. While they're at it, they could buy the block between Dalhousie and Waller. Whenever they are ready to build on these 2 blocks, they could ask the city to join those 2 blocks as one, as it was decades ago. (On the link below, see last picture. Dalhousie south of Rideau is today where the yellow Loblaw is in the picture)
4. And finally, to complete the long shot fantasy hat trick, they can buy the Novotel complex and tear it down!