A few months ago we blogged about 90 Harbour St. in Toronto up for sale. After a brief period on the market, it would appear that we have a buyer.
Urbanation is reporting, -via their twitter feed- that Menkes has purchased the 2.5 acre lot.
Menkes is one of the top developers in the Greater Toronto Area, with Gibson Square, Pears on the Avenue, and of course the Four Seasons. They have been rapidly acquiring land in Toronto, with 375 Church St. at College and 431 Richmond St. East both currently under development. As of now, there are no development plans submitted to the city.
90 Harbour St. is home to the Ontario Workmen’s Compensation Board, which was built in 1953. It was home to the Ontario Provincial Police from 1975 to 1989, and has been vacant since then. In the past few weeks, we have witnessed workers on site demolishing the building. The site had a demolition permit since early 2011.
So what will we see at 90 Harbour St? Will it be a development similar to Maple Leafs Square, where two 70 storey towers sit on a significant office and retail podium? Or will it be more of a reserved, smaller density development?
Time will tell, but I think it’s fair to say that the city and residents will be very interested to see what Menkes has in store for us.Google+