Monday, February 22, 2010

What Will Toronto Look Like?

There is an incredible amount of change happening around Toronto lately as a result of the demand for centrally located real estate. Think about just the surrounding areas at Bay and College and consider what's changed in the past 5 years: College Park Phases I and II, Lumiere, Burano, Murano I and II, plus The Met and Encore At The Met one block over. That's eight brand new, very tall towers!

What were many of these places before they were condos? Well, for the most part, they were this:


Surface parking lots. Ah yes, the landscape of Toronto past. And believe it or not, this is a recent photo off of Google Maps that illustrates that there is still construction potential in the neighbourhood of Gerrard and Bay. I'm sure there are many a developer's eyes on this space.

On top of that, that corner is changing quickly and dramatically too. Where there was once a sketchy coffee shop, there is now a very popular breakfast joint, Eggsmart. Where once there was a filthy by-the-hour hotel, there will soon be... actually, I'm not so sure because the place is boarded up, but anything has to be better than the original place. Recall with a photo what it looked like when it was operational:



And to the south of this place too is another parking lot. This area is a gold mine for developers! As long as no one minds being close to the hospitals (and thus the emergency helicopters that are on call 24/7) then this is a dynamite location.

As the metamorphosis continues, we'll eventually be able to add to this series of photos looking up Bay St. from Queen St.


<- 1936















2009 ->







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