Saturday, 1 June 2013

45 Bay Street Skyscraper Office Tower: New Development Updates - July 2014 | Wilkinson Eyre, London U.K.

45 Bay Street Opens to Design Competition


June 2013 - Update

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Ivanahoe Cambrige, and SITQ that are the property managers of the large lot known to Torontoians as 45 Bay next to Union Station and Air Canada Centre, have stated an interest in having a design competition for the tower which is curretly slated for 245 meters in height.

I know for a fact, that the city will likely require whatever building that is built here to have a bus terminal within the lower floors of the tower, to relieve the temporary GO Bus depot just north of this lot.


This project, along with the other office and condo towers, is part of a projected "Next Wave" of massive Supertall and Megatall skyscraper development that has taken hold in Toronto. Just as we are getting use to 60 floor and 70 floor towers, we are hearing word of 80 floors towers, 90 floor towers, and 100 floor towers. Toronto has reached the next stage of Global City Evolution, and even the Financial Crisis, couldn't stop our rise.


However some may state that it is the very Financial Crisis, that has caused this latest wave of investment and cash inflows into Toronto as the world seeks the only safe place to hold it's money as the Americans and Europeans fell on their faces during the Mortgage Meltdown.

Well let's see, you never know, once the world economy gets back on it's feet, Toronto might go back to the small provincial farming town it was before this latest blast of skyscraper construction.

45 Bay Street Mega Tower - Construction

Ivanhoe had a design competition for this project. Wilkinson Eyre were the winners. The renderings looked very promising.

Wilkinson Eyre, London U.K.

http://www.wilkinsoneyre.com/



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Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.


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