Update: Oxford's 100 Adelaide St. W

All 100 Adelaide St W wants to do is go away. But will theToronto Preservation Board approve?Due to concern about the stability of the Oxford building's faade in the event of construction, it has beenproposed that the three-storey building be dismantled, conserved off site, then restored to its original location--all necessary toprotect the original fabric of this part of the building.The Toronto Preservation Board meets Thursday to consider changes to the Heritage Easement Agreement.The city planning division approved this already, now it goes to the board for their recommendations for the revised conservation strategy.

Prior to the issuance of a demolition permit, the city wants a letter of credit for $15M from the developer, around $7.8M of which will be used to secure the conservation of the facades (the balance is held in the event that demolition occurs and the project does not proceed in a reasonable time; the funds are released after the first above-grade structural permit is issued).

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030

The Opportunities, Limitations And Benefits Of Reserved Investor Funds

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire

1,300 Projects Potentially Paused Due To Suspension Of Quality Inspectors

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

California Duo's Ponzi-Like Investment Scheme Unravels With Bankruptcy, SEC Charges