Quote:
Originally Posted by WhipperSnapper
The curtain wall is 35 years old and shows it. It should be replaced soon enough. It's probably the one thing keeping this from having the highest green standards. CIBC has a chunk of space they won't be renewing too.
Don't count on redevelopment. It's half a million square feet of top quality commercial space. How much space would they need to build to make it worthwhile to drop 500,000 revenue generating square feet for at least 5 years of demolition and construction? At least over 5 or 6 times current?
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One of those buildings that really hides its footprint. Reminds me of recently overhearing that the CBC building has the second largest GFA in Canada despite being only 6 floors above ground.
33 Yonge has also been quite the hotspot for real estate companies with Altus(and Argus) GWL, and until recently Cushman residing inside. No asset manager wants to piss off the appraisers at Altus with a demolition clause that kicks them out of their space!