Mike in TO
Senior Member
The architecture is certainly fair game, but the notion that some people are espousing that this project is somehow beneath American standards is ridiculous. Urban Toronto is primarily a forum to discuss urban design and architecture, but there are many many more components that make up the full sum of a successful urban development or successful downtown office development. To those UT members who interact with the project by gazing up from the sidewalk, commenting on the architecture (or lack-thereof), which is one aspect of the project is fair I suppose... but I'll be happy to compare this to our neighbours to the south through a different set of measures:
> Two towers of just over two million square feet (how many US cities outside of NYC, Seattle & SF I don't think any US cities have any all office projects of this scale - Toronto has multiple)
> Investment of several hundred million dollars in downtown core (likely over $1 billion)
> Investment supports thousands of constructions jobs and millions in materials supporting local economy
> Direct investment supported tens of millions of dollars in tax revenue for three levels of government during construction process (Development Charges, LTT, GST/HST, corporate taxes from firms involved in construction + EI, income taxes, CPP, WSIB, EI collected from the thousands of construction workers, architects, planners, engineers and other professionals involved in the project)... these types of projects are massive investments in the local economy and for all three levels of government.
> BAC "stump" was a symbol of the 1990s recession and failed office market... keep in mind with all these USA comparisons that MANY US jurisdictions are still suffering from most recent recession - we are in a far far different circumstance in Toronto and I believe we suffer somewhat from a "centre of the universe" perspective looking a gift horse in the mouth... most American jurisdictions would have begged for a similar project with tens of millions of dollars in direct tax incentives and direct government investment to subsidize building such complex
> Several thousand high quality jobs/workers working in the downtown core through employers that have chosen downtown Toronto as their choice location for investment
> Transit oriented development located on PATH with direct connections to transit
> Several millions dollars in annual property taxes for the City of Toronto
> Public space (Arnell Plaza + Cloud Gardens)
> Heritage restoration on both Yonge & Bay
> $80 million public contribution with original approvals (Cloud Garden & social housing)
> LEED Gold energy performance
Lastly I'll close by saying this - the architecture is one component, but for anyone that has done any business with any firms located in the BAC, the quality of the office space is 100% AAA and in my opinion second to none in the downtown core. At the end of the day this is a AAA space in which some of the top firms in the city are located in due to location & quality of space - the offices are really showcase spaces due to the quality of the project (in fact many firms from the traditional MINT towers built in the 70s & 80s are moving to the so called architecturally boring new towers because the quality of space is much higher).... architecture is a critical component to city building, but some people posting here are pretty jaded with their comments - this project provides high quality top notch space that ranks up there with anything being built today in the US.
Could it have been better, sure - but some of the negative dismissive comments (especially comparing to our neighbours to the south) are over-the-top. We should always strive to be better, but this project is really a set of background buildings within the cityscape (and how many cities can boast 50-storey office towers that are background buildings in terms of architecture).
> Two towers of just over two million square feet (how many US cities outside of NYC, Seattle & SF I don't think any US cities have any all office projects of this scale - Toronto has multiple)
> Investment of several hundred million dollars in downtown core (likely over $1 billion)
> Investment supports thousands of constructions jobs and millions in materials supporting local economy
> Direct investment supported tens of millions of dollars in tax revenue for three levels of government during construction process (Development Charges, LTT, GST/HST, corporate taxes from firms involved in construction + EI, income taxes, CPP, WSIB, EI collected from the thousands of construction workers, architects, planners, engineers and other professionals involved in the project)... these types of projects are massive investments in the local economy and for all three levels of government.
> BAC "stump" was a symbol of the 1990s recession and failed office market... keep in mind with all these USA comparisons that MANY US jurisdictions are still suffering from most recent recession - we are in a far far different circumstance in Toronto and I believe we suffer somewhat from a "centre of the universe" perspective looking a gift horse in the mouth... most American jurisdictions would have begged for a similar project with tens of millions of dollars in direct tax incentives and direct government investment to subsidize building such complex
> Several thousand high quality jobs/workers working in the downtown core through employers that have chosen downtown Toronto as their choice location for investment
> Transit oriented development located on PATH with direct connections to transit
> Several millions dollars in annual property taxes for the City of Toronto
> Public space (Arnell Plaza + Cloud Gardens)
> Heritage restoration on both Yonge & Bay
> $80 million public contribution with original approvals (Cloud Garden & social housing)
> LEED Gold energy performance
Lastly I'll close by saying this - the architecture is one component, but for anyone that has done any business with any firms located in the BAC, the quality of the office space is 100% AAA and in my opinion second to none in the downtown core. At the end of the day this is a AAA space in which some of the top firms in the city are located in due to location & quality of space - the offices are really showcase spaces due to the quality of the project (in fact many firms from the traditional MINT towers built in the 70s & 80s are moving to the so called architecturally boring new towers because the quality of space is much higher).... architecture is a critical component to city building, but some people posting here are pretty jaded with their comments - this project provides high quality top notch space that ranks up there with anything being built today in the US.
Could it have been better, sure - but some of the negative dismissive comments (especially comparing to our neighbours to the south) are over-the-top. We should always strive to be better, but this project is really a set of background buildings within the cityscape (and how many cities can boast 50-storey office towers that are background buildings in terms of architecture).