Though I agree that if one lives almost anywhere downtown you can probably manage without a car - at least for daily use - and that you could, maybe, cope with more distant parking off-street, I doubt that the Well (or those who run the parking there) would see any good commercial reason to give residents of Draper Street discounted parking.
Unfortunately you're right. Although there can't be more than a dozen to 15 cars max owned by Draper residents, only a small proportion of spots available in the garage.
 
Why on earth would you ban parking on Draper? It would only be necessary (or a good idea) if it were a commercial strip with lots of foot traffic. But it's a quiet residential street, not in anyway a destination.

Requiring residents park in a garage on another property that they won't have 24 hour access to without special permissions so you can go and stare at the brick road is asinine.
 

Downtown Toronto’s The Well is about to get a significant new tenant, with co-owners Allied Properties REIT (AP-UN-T) and RioCan REIT (REI-UN-T) announcing this morning the lease of four additional floors in the multi-tower, mixed-use downtown complex.

Although the new tenant at The Well has not been identified, Allied and RioCan reported the lease involves 124,235 square feet of office space on the third through the sixth floors at 460 Front St. W. The lease runs through 2037, and also includes exclusive signage rights on the south-facing facade of the tower.

Allied and RioCan did state the company involved is Canadian.
 
Why announce it if you won't say who it is?

Regardless this represents about 10% of the entire office space in the building and is what's left of Shopify's old lease before they backed out. I toured this chunk of space back in, I believe, 2022 or 2023 when it was still under construction and it's an impressive office space with massive floorplates and a central atrium throughout.
 
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Its CIBC per Green Street News.
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Completely botched CIBC Square. Not even close to enough desks for their RTO mandates. I'm more surprised they didn't go back to Commerce Court. Still see the ghosts of logo's past on the top of the building.
Funny they'd rather spend more $$$ to get more "productivity" or whatever BS that's typically spewed, rather than save $$$$$$.

Next thing you know, they'll come out and announce layoffs and close branches because they'll want to be more "efficient", and "nimble". The execs making these decisions really need to be studied and examined.

Let's spend money and force people into the office for no reason, but give customers less options because we're trying to save money but wont say it. Makes perfect sense to me!
 
Its CIBC per Green Street News.
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The Allied-announced lease was WealthSimple.
Completely botched CIBC Square. Not even close to enough desks for their RTO mandates. I'm more surprised they didn't go back to Commerce Court. Still see the ghosts of logo's past on the top of the building.

I guess Shopify found a sublet?
CIBC is the Shopify sublet, WealthSimple is going into the former Spaces space in 460 Front (the white terra cotta building in the middle).
 
The Allied-announced lease was WealthSimple.

CIBC is the Shopify sublet, WealthSimple is going into the former Spaces space in 460 Front (the white terra cotta building in the middle).
My theory was that the Shopify sublet was going to be RBC - but now my 2019-held theory that RBC is taking the Hub is back on!

Wealthsimple was a total surprise to me, I thought they were moving in somewhere else.
 
Completely botched CIBC Square. Not even close to enough desks for their RTO mandates. I'm more surprised they didn't go back to Commerce Court. Still see the ghosts of logo's past on the top of the building.

I guess Shopify found a sublet?

Does CIBC still have offices at Commerce Court?
 

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