The most exciting real estate developments in Toronto for 2016 represent the evolution of a city in the midst of a building boom, one that continues to chug along without signs of slowing down. If there’s a trend to be spotted in the most promising of buildings to be completed next year, it’s the sensitivity to heritage elements these projects show. Gone are the days when we demolished first and asked questions later.
These are my picks for the most exciting real estate developments to be completed in 2016.
Will the redevelopment of the Broadview Hotel make Riverside an even more sought after neighbourhood than it already is? It sure seems like it. This hybrid hotel/restaurant project aims to do what the Gladstone and Drake did for West Queen West in the early 2000s. No matter what, the building that once housed Jilly’s is going to generate huge buzz when it re-opens.
The Canary District
With the Pan Am Games in the books, we can finally look forward to the true birth of the Canary District, which will begin to open this spring. Condo units once used for the Athletes’ Village will be open for occupancy in just a few months, while a brand new YMCA and a host of retail is also slated to arrive in 2016.
The at grade retail affiliated with this condo project at 5 St. Joseph Street has already started to open, and boy does it bode well for the development as a whole. The heritage buildings at the base of the tower have been masterfully restored, and the soon-to-be-complete condo is a breath of fresh air for those bored with the city’s propensity to build basic glass boxes.
The Guild Inn has sat neglected for too long. The long forgotten site in Scarborough will once again be used as an event space and cultural hub as existing buildings are restored and new ones are added to the bucolic grounds. The new complex will surely be one of the nicest event venues to open in Toronto next year.
Globe and Mail Centre
The Globe and Mail Centre has already started to take shape on King East, though it will take most of 2016 to do all that’s necessary to complete the project. Nevertheless, one can get a sense of the scale of this new development and the density that it’ll bring to Corktown. Along with the newspaper headquarters, a score of new retail will be added to the King East Centre.
by Derek Flack / DECEMBER 29, 2015 BlogTo