The Ontario Reality Corporation has recently indicated that 90 Harbour Street is for sale.
The interesting thing about the offering is that it represents one of the last prime lakeshore development lands in the City of Toronto. The 2.5-acre site is home to the Workman’s Compensation Board Building, a five-storey government office building that was built in 1953.
While it had been discussed that the building would be subject to a heritage designation, the City withdrew that proposal and issued a demolition permit on February 14th of this year. The building was also rumored to house to a new large bus depot in 2008.
Those plans have stalled recently and it would now appear that redevelopment is the goal. The question that remains is what the future holds for 90 Harbour Street. The site is more then capable of handling a mixed-use development similar to Maple Leaf Square, just on a smaller scale.
Will we see two buildings with office and retail space? Will a developer convert the current building to residential housing?There are so many questions unanswered, surrounding one of the more important plots of land on the waterfront.
At the end of the day, it will be interesting to see who steps forward, what they will plan for the site, and what innovative designs will they will hopefully bring to the table.Google+