This week two new office buildings were announced in Toronto and Vancouver by Allied Properties and Westbank. Both are being designed by Bjarke Ingels Group (BIG). As you would expect, Alex Bozikovic of the Globe and Mail has done a proper writeup, here.
The building in Toronto (called Union Centre) is generally located at 171 Front Street West. It is a revision to a previous proposal for the site that was originally submitted back in 2014. That project got approved by Council, but the implementing by-laws were never enacted.
My favorite image from their rezoning resubmission is this one here:
Earlier this week a press release went out announcing that Allied Properties REIT (TSX:AP.UN) had established a joint venture with Westbank to redevelop 489 - 539 King Street West here in Toronto.
“What is so exciting here is that Allied has over time assembled 620 feet of frontage on what is fast becoming one of the most interesting streets in Toronto,” said Ian Gillespie of Westbank. “With this scale, we have a unique opportunity for world-class city building.”
Westbank is relatively new to the Toronto market. Their first project was the Shangri-La Toronto in 2012. But since then they’ve entered the city in a big way with high profile projects like the redevelopment of Honest Ed’s at Bloor and Bathurst.