April 28, 2022: Allied's First Quarter conference call today - it was mentioned that Allied has acquired Great Gulf's interest in the project and now owns it outright. With Allied now having full control of the project, plans are to modify the office component to more fully orient it towards the technology client market, with modern construction techniques, possibly including wood based components and greater environmental efficiency - targeting a net zero structure. The residential component strategy will probable by rental as opposed to condominium. Project anticipated to launch by the end of the year.
 
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AHK said:
April 28, 2022: Allied's First Quarter conference call today - it was mentioned that Allied has acquired Great Gulf's interest in the project and now owns it outright. With Allied now having full control of the project, plans are to modify the office component to more fully orient it towards the technology client market, with modern construction techniques, possibly including wood based components and greater environmental efficiency - targeting a net zero structure. The residential component strategy will probable by rental as opposed to condominium. Project anticipated to launch by the end of the year.
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By project launch, would that also mean demolition beginning by the end of this year? Thanks for the update!
 
any updates on project launch with this? Still end of the year? Anyone know anyone at Allied that can provide more info?
 
Nicely designed, neighbourhood-sympathetic building! Hariri-Pontarini almost always contributes well to the pedestrian realm. If it gets built, this will complement the area exceptionally well.
 
ProjectEnd said:
That's funny. There are changes here and I thought a thread revival was anticipating them, but no, just a mindless bump...
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Perhaps related to the changes that Project End was alluding to, or perhaps not - the former Grand & Toy / Early Mercy building portion of the 540 King West site has had its exterior cleaned up and painted.

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AHK said:
Perhaps related to the changes that Project End was alluding to, or perhaps not - the former Grand & Toy / Early Mercy building portion of the 540 King West site has had its exterior cleaned up and painted.

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Changes I know of are regarding the future development project. But that is still many years away, if it ever sees the light of day at all. Makes sense they're cleaning this up for a new tenant now.
 
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