According to blogto.com, there is a recent condo project that could change the face of Yorkville. What is this project, you ask? We’re talking about the one Oxford Properties is hoping to build at 2 Bloor Street West.
Oxford Properties has intended to build a condominium in the Yorkville area since 2010 when they had first received zoning approval from the city. Their plans were thwarted due to an appeal by local residents to the Ontario Municipal Board.
Now, in their second try, they’ve recently been approved to construct two completely different towers. According to blogto.com, one is set to be 125.3 metres while the other has a planned height of 162 metres. One will be located possibly mid-block and one closer to Yonge, with the existing shopping mall that is on the south side of Cumberland St. most likely demolished and replaced with new retail. Blogto.com has further stated that a set of digital renderings were revealed online by ArchitectsAlliance with the designs depicting a very early concept for the L-shaped Yorkville site stretching from Bay to Yonge and down to Bloor.
But there’s a lot to still consider with this recent project. The price of installing these two towers is not just numerical in nature. For instance, it would potentially mean the removal of the 34-storey CIBC building (which is owned by Oxford). If that were to happen, the CIBC building would be the tallest building to ever be demolished to make room for a condominium. Aside from this, there are other factors to take into consideration such as other condominiums currently going through the approval process to be constructed in the Yorkville area. Not to mention, the “plan to create a mid-block pedestrian retail mews from Bloor Street through to Yorkville Avenue.”
Nothing is certain at this time, we will just have to wait and see what becomes of 2 Bloor Street West as time passes.