Indeed. The previous decrepit state was quite an eyesore for many years. Now if only something can be done with the building at College and Roxton which is still going through a similar situation.
Well, that took long enough. It was one seriously barren-looking building for the longest time. Not terribly impressed with the makeover but at least something's finally been done!
It could use an extra floor, but I like these sorts of projects that are closer to the traditional rhythm of facades along Bloor Street. I hate seeing yet another sterile wall of glass that spans the equivalent of 5-15 traditional storefronts, depending on the project.
It is truly baffling. Unless they have no mortgage, there's interest payments, and property taxes, maybe utilities. Just finish it so it can be rented out and generate revenue! Am I missing something here?
It is truly baffling. Unless they have no mortgage, there's interest payments, and property taxes, maybe utilities. Just finish it so it can be rented out and generate revenue! Am I missing something here?
I'd guess they had a dispute with the contractor (non-payment but potentially for a good reason), followed by a contractors lien on the property, and now no other contractor will touch it until it's settled. If they're going through the courts that can take years.