My guess is that there is alot of behind the scenes work being done on this project that the public has no idea about. We've heard rumblings about 30 Bay for the past month now, it appears there is some credibility behind those claims. If they plan to have this project finished by 2023 then they will indeed have to start construction in 2019 which would mean they are hoping to have all the applications/permits with the city taken care of over the next 12 months. I have a feeling we will be hearing lots more about this project in the coming weeks.
 
The zoning is still in place for the failed world trade centre development from the 1980's here.. Which permits a 125m tall building. So they can't exactly go building something massive as of right. They need to rezone. They can build something like most of the other southcore towers.. but if you are going for 60 floors, that isn't going to happen without a rezoning.

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My guess if everything goes well the shoring construction will start around 2020 and still be finished at 2023, If theyre only going up 45 storeys. This is Toronto things move slow!
 
sikandar said:
Looks like a building that will be geared towards tech companies. Salesforce would be a good fit, and remember that Amazon is moving into a new Oxford building in Vancouver. Microsoft, Google, IBM and WeWork have been reported to be looking to expand downtown, among others. 2023 is probably too far out for these companies’ current expansion plans, but if this is marketed towards tech it’ll solidify Southcore as the city’s tech hub.
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WeWork also just recently opened its 3rd location in the city.
 
innsertnamehere said:
The zoning is still in place for the failed world trade centre development from the 1980's here.. Which permits a 125m tall building. So they can't exactly go building something massive as of right. They need to rezone. They can build something like most of the other southcore towers.. but if you are going for 60 floors, that isn't going to happen without a rezoning.

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How long does a re-zoning take? What are the chances on that you think? Given that they've allegedly created a 60 storey design already to replace the renders we have, I'd expect the re-zoning is basically guaranteed to happen soon for Oxford to hit their 2023 estimate.
 
typically a year at minimum, usually more. For the chances, quite likely. The city tends to like large office developments, especially in this location. They could probably go as tall as they want here.

Yes, they are going to have to file soon if they want to meet 2023.
 
The site's accessible and the tower will command a bigger budget. They shouldn't be digging that deep either. Four years should be obtainable for partial occupancy.
 
Section 37 money could easily pay for the expansion of the Streetcar tunnel from Queens Quay to Union Station. CIBC Square now under construction on Bay St. has already roughed in a station box and a knockout under the East Bay Street Team Way. The shoring wall along Bay Street was only spray coated in concrete. A foundation wall is now being formed 10 m east and will complete the box when it reaches the platform previously constructed at street level.
 
innsertnamehere said:
You think you are going to get $100+ million in section 37 from this? Good luck.
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Yes, that's an impossible ask - even if they try for 60 floors. None the less it may be possible to piggy-back some of the streetcar tunnel work onto this project much as the CIBC Centre is building an additional platform in their basement.
 
They have left a few knockout panels in the caisson wall at the western perimeter of the U/G parking structure to access a "Future LRT platform"
 
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