taal
Senior Member
The office building in front of the Toronto Centre for the Arts may have potential. Kraft recently purchased Cadbury and Cadbury occupies a good chunk of space in this building. If Cadbury were to leave this would free up some prime space.
The City deperately needs to entice office development to this area - before it's overrun entirely by condos. They need to more quickly bring taxes in line with the 905 to attract commercial development. It's the geographic centre of the GTA, where 2 subway lines cross and it's next to the 401 - yet they the private sector isn't interested in bringing more office jobs to this key node. We keep hearing about Smart Growth but where's the Smart Density strategy.
Nah I don't think so ... they already vacated a few floors for I think (where's Kraft located btw?) ... when you say they own a lot of space ... it's typically only a few floors ... there aren't too many corporations that own 10-15+ floors in one building, even the larger banks are somewhat dispersed.
Completely agree with your second point, and I've talked about this a lot - are taxes central? Not sure, either way - there have been various projects around the Airport (in Mississauga), Vaughan (only a few here really other then industrial), and Markham (404 / 407 area) Yet we see nothing at all in the outer 416 ... not one development in the outer 416 in the last 5+ years ... it's funny you mention this building, as this was one of the few developments that occurred in the last 10+ years (even in that time frame there's been nothing as far as I'm aware other then this...) ... it's pretty sad ...