Hydrogen said:
Interesting.

So it sounds like they will be moving forward with 134 Peter Street first. There was a mention that the existing 544 King property could be reworked for the short-term.
Click to expand...

The construction hoarding is down, the property has now been fluffed and a for lease sign is in the windows. So, the prophecy of Michael Emory is true once again.
 
I would be good to know for how long is the lease available? I don't think that too many firms are interested in short term leases.
 
This proposal includes the brick building on Morrison - which was still hoarded off to the best of my knowledge. I wonder if Allied will tear that down soon or leave it to waste away? It looks pretty worn down.
 
I was told that there would be a 10-year maximum Term allowed by the landlord. That does not seem to be a short-term. good news for the east-facing units at 10 Morrison and Fashionhouse!
 
The building coming down is to be replaced by a parking lot. I'm going to guess that it'll either be a very private parking lot, or be very short-lived if set up as a pay parking lot.

The surface parking on King (where Fashion House will eventually go) was shut by the city as no new surface parking lots are allowed in the area.
 
does anyone know what's the status on this project? the 7-9 morrison site has been already demolished and surfaced. it seems there will be a private parking lot there, but what happened with the Offices project?
 
For the time being, Allied is trying to rent 544 King Street. The lot behind the building (where 7 Morrison was) is intended to be private parking for whoever rents 544 King.

I doubt anything will replace this building very soon. Allied is supposed to proceed with its Peter Street project first.
 
gristle said:
For the time being, Allied is trying to rent 544 King Street. The lot behind the building (where 7 Morrison was) is intended to be private parking for whoever rents 544 King.

I doubt anything will replace this building very soon. Allied is supposed to proceed with its Peter Street project first.
Click to expand...

Yep I heard this too ... any idea how the Peter street project is going btw?
 
Not much is happening there either. A few of the smaller associated structures were torn down to make way for parking spaces. I believe a nightclub is using part of the building. I'm going to guess and say that they are still trying to secure some tenants.
 
^Sounds like a perfect location for a night club or two with parking at the rear.

It's interesting how all the hype around A.P. in the local media failed to mention they're actually knocking down historic buildings to put up parking lots...sound familiar??
 
gristle said:
Not much is happening there either. A few of the smaller associated structures were torn down to make way for parking spaces. I believe a nightclub is using part of the building. I'm going to guess and say that they are still trying to secure some tenants.
Click to expand...

Oh yea, I'm sure they're no where near ready to start, I actually meant if you had any info on the leasing front :)
It's still la fairly large building they need to fill 300,000 square feet (maybe more).

And UD, yes that's a good point - although there are long term plans for the site.
 
Here's a tidbit from Allied's quarterly press release:

"In the second quarter, Allied leased 544 King Street West in Toronto
to The Hive for a term of five years commencing December 1, 2010. The
Hive is a marketing firm that currently operates from 425-439 King
Street West. It will move to make way for Loblaw Properties’ expansion
later this year, at which time 544 King will become a rental property
for accounting purposes."

Source: http://www.alliedpropertiesreit.com/documents/APREIT_2010_08_04_Press_Release_2010_Q2Results.pdf
 
Ziggy said:
Here's a tidbit from Allied's quarterly press release:

"In the second quarter, Allied leased 544 King Street West in Toronto
to The Hive for a term of five years commencing December 1, 2010. The
Hive is a marketing firm that currently operates from 425-439 King
Street West. It will move to make way for Loblaw Properties’ expansion
later this year, at which time 544 King will become a rental property
for accounting purposes."

Source: http://www.alliedpropertiesreit.com/documents/APREIT_2010_08_04_Press_Release_2010_Q2Results.pdf
Click to expand...


arg... nothing about QRC (the new office development) http://www.qrcwest.com/

Guess they haven't managed to lease a lead tenant yet.
 
You must log in or register to post here.

Back
Top