Big changes in store at Yonge & Bloor with Stollerys sale
The future of Yonge and Bloor likely includes another soaring tower as details slowly emerge about the sale of Stollerys at One Bloor St. W. According to a report in the Star, the building has been purchased by Mizrahi Developments, which also recently snapped up 11 Bloor St. W, the former home of French Connection, and buildings to the south of Stollerys. That leaves one huge plot of land for redevelopment at the southwest corner of one of Toronto's most heavily trafficked intersections.
While there's been no official announcement from Mizrahi, should the speculation prove true, one can expect a marquee development to grace the corner with plenty of retail at street level. Who knows if it will match the height of the 70+ condo across the street at One Bloor East, but the multiple site purchases would suggest that a project of considerable scale is in the works. Bigger is better would seem to be the mantra at Yonge and Bloor, which makes a great deal of sense.
Photo by Jim Cagney on Flickr
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