Thursday, May 22, 2008

Stinson Tower

Harry Stinson revealed his plans today for a 100-storey, 1,000-foot tower behind the old Connaught on King St. E. The project involves renovating the existing hotel over the next two years, before constructing the massive tower in the rear vacant lot. Check out the details in the Spectator, the artist's conception is pretty astounding.

http://www.thespec.com/News/Local/article/373122

At $180 million, is the project a step in the right direction or could the money be better distributed around the core? All I know is that Stinson is passionate about this city, and it's nice to see some truly bold thinking going on downtown. If the tower actually becomes a reality, I don't see other developers skipping out on the surrounding real estate.
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1 comment:

Chris said...

Based on what little I know about construction costs regarding something of that magnitude, $180 mil doesn't sound like too much of an overboard investment. Even if that is the case, the area could use a hot, moist cash injection to get the ball rolling. I'd echo your prediction-- should the project come through as promised, the real estate in the area is likely to see a huge swell in prices.

Bitchin.

May 22, 2008 at 6:08 PM

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