Observer Walt
Senior Member
Improving energy efficiency could involve a skin replacement, among other things. Having said that, the iconic status of the TD Centre is such that a new skin would have to be a pretty close imitation of the existing one, or it won't go over well. It's not quite the same situation as FCP, where I think not so many people would shed tears at a more major change of appearance.
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I think it would be a case of dreaming in technicolor to imagine that we will see a tower at 45 Bay Street, any time in the next five years at least. There is a lot of empty space on the market or about to be, and it will have to be absorbed first. It depends on the economy of course, but I think it will be four or five years to absorb existing supply, before any preleasing could even seriously start at 45 Bay. In turn, the design could change completely by that time.
Also, it may be overlooked sometimes that we still have about 275,000 square feet of office space coming on stream next year at Maple Leaf Square.
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I think it would be a case of dreaming in technicolor to imagine that we will see a tower at 45 Bay Street, any time in the next five years at least. There is a lot of empty space on the market or about to be, and it will have to be absorbed first. It depends on the economy of course, but I think it will be four or five years to absorb existing supply, before any preleasing could even seriously start at 45 Bay. In turn, the design could change completely by that time.
Also, it may be overlooked sometimes that we still have about 275,000 square feet of office space coming on stream next year at Maple Leaf Square.
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