Dominating Mill Street: hopefully it won't get any more unwelcoming....

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Cladding! Very...pure - glassy - clear looking. (cough)
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Shots from the narrow end (my favourite part.) Great sharp concrete pour.
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The scale is problematic, to say the least. The exposed parking...urgh.
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Cladding!
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From A Distance...
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It seems dominating, but it would look so much better if the opposite side of Mill St was developed as well. It's imbalance is jarring.
 
The parking isn't going to remain exposed...is it? I'd hope at the very least it's covered to give the illusion it's just more condo units.
 
I like the edge of it at the corner of Parliament and Mill, but it still looks far too overwhelming in the area. Everything else around is low or mid rise, and the parking lot really looks unappealing. It looks like Mill Street will be treated like a service alley.
 
I was told that the parking would be covered and unseen. But one always has to wait for the finished product to know for sure.

Presently, the edge on Parliament and Mill gives the building the look of a ship under construction.
 
Holy cow, the base is so huge. Does anyone know if there are going to be retail at the base? There sure seem to be lots of room for it.
 
You can see the roof of the COC's Tanenbaum Opera Centre, and CanStage's Berkeley Street Theatre, in Marcanadian's pic. - both are housed in red brick buildings that were part of a large Consumer's Gas complex built in the 1880's and 1890's that also included the nearbye police station building. The theatre ( originally called Toronto Free Theatre ) opened in the late 1970's after a reno to the old buildings. A wrecking company owned the empty shells of buildings when our OCA Environmental Design class did projects on possible creative reuse of the site in 1974, and we got to look around inside. The concept of the group I was in was for a small museum of industrial history. The Esplanade was a rundown district of train tracks and old disused warehouses in those days. Change has come slowly but surely to revive this part of town.
 
The creative reuse of the old Consumers Gas plants is indeed something worth celebrating. While the front of 51 division is a bit bunker-ish, it's a really neat re-use.

What is the Opera Centre used for? Rehearsals?
 
Not Sure if this if this is news...

Zoolander Corporation

TSX VENTURE: ZOO.P
Aug 15, 2007 17:31 ET
Zoolander Corporation Announces Proposed Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2007) - Zoolander Corporation ("Zoolander") (TSX VENTURE:ZOO.P), a capital pool company, is pleased to announce that it has entered into a letter of intent with Dundee Distillery District Commercial LP and Cityscape Holdings, Inc. (collectively, the "Vendors") to acquire certain assets (collectively, the "Property") commonly referred to as Rackhouse D for the purpose of establishing a boutique hotel in the distillery district of Toronto, Canada (the "Qualifying Transaction"). If completed, the proposed acquisition will constitute Zoolander's qualifying transaction pursuant to the policies of the TSX Venture Exchange (the "Exchange").

Information Concerning Zoolander

Zoolander is a company existing under the laws of Ontario and is a reporting issuer in British Columbia, Alberta and Ontario. Zoolander currently has 13,654,000 common shares (the "Zoolander Shares") outstanding.

Zoolander has granted stock options to acquire up to an aggregate of 1,350,000 Zoolander Shares at a price of $0.10 per share (the "Zoolander Options") to directors, officers and consultants. Zoolander has also issued broker warrants to acquire up to an aggregate of 196,000 Zoolander Shares at a price of $0.10 per share (the "Zoolander Warrants") as part of the compensation payable to the agent in connection with Zoolander's initial public offering. Other than the Zoolander Options and Zoolander Warrants, no other securities, convertible or exchangeable into Zoolander Shares, are outstanding.

Further information concerning Zoolander can be found in the prospectus of Zoolander which is available on the SEDAR website at www.sedar.com.

Information Concerning the Vendors

Cityscape Holdings, Inc., a private company existing under the laws of Ontario, is a nominee, holding for the benefit of four holding companies which are controlled by Mathew Rosenblatt, John Berman, Jamie Goad and David Jackson, respectively, each of whom is a resident of the Province of Ontario.

Distillery District Commercial LP is a limited partnership governed by the laws of the Province of Ontario.

The general partner of Distillery District Commercial LP is an Ontario corporation wholly-owned by Dundee Realty Corporation. Dundee Realty Corporation is a private company existing under the laws of Ontario that is indirectly controlled by Dundee Corporation, a TSX-listed corporation.

Michael Cooper, the Chief Executive Officer, President and a director of Zoolander, indirectly holds a 21.7% voting interest in Dundee Realty Corporation and is the sole director and officer of Dundee Distillery District (GP) Commercial Inc., the general partner of Distillery District Commercial LP.

Pursuant to the terms of an Amended and Restated co-owner's agreement dated as of February 9, 2006, as amended May 22, 2007 between the Vendors, the Vendors own all of the assets owned and/or used in connection with the Property, including specifically, all fixed assets (including real property) comprising the Property (collectively, "the Assets").

Information Concerning the Proposed Qualifying Transaction

Zoolander and the Vendors have entered into a letter agreement dated as of July 25, 2007 (the "Letter of Intent") setting out certain terms and conditions pursuant to which the proposed Qualifying Transaction will be completed. The Qualifying Transaction is subject to the parties successfully negotiating and entering into a definitive asset purchase agreement, such that the Qualifying Transaction may be completed on a tax preferred basis to the parties thereto.

In accordance with the terms of the Letter of Intent, Zoolander intends to acquire the Assets from the Vendors at an aggregate purchase price of $3,000,000 (the "Acquisition"), which purchase price shall be payable by the issuance of an aggregate of 15,200,000 Zoolander Shares to the Vendors on closing of the Acquisition, being 50% of the issued and outstanding shares of Zoolander on a fully-diluted basis. It is currently contemplated that the Vendors shall each receive 7,600,000 Zoolander Shares in consideration for the Assets. Zoolander and the Vendors will, on the closing of the Acquisition, jointly execute an election, in prescribed form and containing the prescribed information, to have the provisions of subsection 85(1) of the Income Tax Act (Canada) apply to the sale of the Assets by the Vendors to Zoolander, at such elected amounts as determined by the Vendors in their sole discretion. The Vendors shall sell the Assets to Zoolander free and clear of any liens, charges or any other encumbrances and Zoolander will not assume any liabilities of the Vendors in the purchase and sale of the Property. On closing, Zoolander shall also reimburse the Vendors in respect of all development costs incurred by the Vendors since January 1, 2007 in connection with the Property, to a maximum of $12,000.

Upon completion of the Acquisition, Zoolander intends on establishing and managing a boutique hotel in Toronto's Distillery Historic District and to be a Tier 2 Real Estate Issuer on the Exchange. The Assets to be acquired are comprised of a single vacant building, approximately 50 feet in height, and an 11,000 square foot floor plate, that was formerly used to store liquor produced at the adjoining Gooderam and Worts distillery. The proposed plan is to redevelop and convert the "Rackhouse D" into a boutique hotel containing approximately 120 rooms.

The proposed Qualifying Transaction will not constitute a "Non Arm's Length Qualifying Transaction" as defined under the CPC Policy and, therefore, does not require shareholder approval. There can be no assurance that the transaction will be completed as proposed or at all.

The backgrounds of all of the directors of Zoolander are contained in the prospectus of Zoolander dated January 31, 2006 which is available on the SEDAR website at www.sedar.com. No changes to the directors or officers of Zoolander are currently contemplated in connection with the completion of the Qualifying Transaction.

The completion of the Qualifying Transaction is subject to the approval of the Exchange and all other necessary regulatory approvals. It is also subject to additional conditions precedent, including approvals of Zoolander and the Vendors as required under applicable corporate or securities laws, satisfactory completion of due diligence reviews by the parties and certain other conditions customary for transactions of this nature.

Trading on the Zoolander Shares has been halted as required by Exchange policies.

It is the parties' expectation that the closing of the Qualifying Transaction will occur on September 30, 2007 or earlier.

The proposed Qualifying Transaction is subject to the sponsorship requirements of the Exchange. A sponsor will be identified at a later date and will be announced in a subsequent press release of Zoolander. An agreement to sponsor should not be construed as an assurance with respect to the merits of the transaction or the likelihood of completion of the proposed Qualifying Transaction.

As noted above, completion of the Qualifying Transaction is subject to a number of conditions, including, but not limited to, acceptance by the Exchange. The Qualifying Transaction cannot close until the required approvals have been obtained. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement or information circular of Zoolander to be prepared in connection with the proposed Qualifying Transaction, any information released or received with respect to the proposed Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Zoolander should be considered to be highly speculative.

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Zoolander. These risks and uncertainties could cause actual results and Zoolander's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Bradmer assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.

The Exchange has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this release.

For more information, please contact
Zoolander Corporation
Orest Zajcew
Chief Financial Officer and Secretary
(416) 488-8825
 
A boutique hotel in a refurbished historic building is exactly the type of development that should be encouraged in the District and help to get more people in the area year round and frequent the type of retail that exists there (and I would argue more so than a permanent population in overwhelming towers). This is good news.
 

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