You would never know that the world economy is in the toilet by looking at the amount of cranes throughout the downtown core. Although most of the buildings under construction are residential or mixed use properties, three new towers in the financial district are completed and tenants are scrambling to occupy the new modern facilities. The new
Telus building along side of the ACC, is the new home for the growing telecommunications company which began in BC. They wanted a state of the art facility to house their growing business rather than having several offices scattered throughout the city. They don't occupy the entire building so this leaves others wanting to move to a more updated, environmentally friendly space. The RBC building just south of
Roy Thompson Hall and the
Bay Adelaide Centre are the other two towers that have also been completed to accommodate new tenants in state of the art surroundings.
The Bay Adelaide Centre was a story from the 80's that almost happened in the 90's and sat not even 1/4 built for years after being caught in the recession of the early 90's. The "stump" which sat between Bay and Yonge on the north side of Adelaide was all that was constructed of the original tower. This was the elevator shafts-6 stories of them, which later became prime advertising land, a rock climbers dream and a true portrait of the 80's building growth which came to an abrupt halt. after 15 years, the Bay Adelaide Centre now lives. Not only does the design look nothing like the original plans, this humble looking tower is far from inadequate. Environmentally up to date, utilizing the most modern tools to ensure that energy is not wasted, this new addition to the financial district is a great achievement in Toronto's quest for keeping its word, even if we can't afford it. The land that this tower sits on has plans to build 2 more towers one directly next to it, where the "stump" sat for years-which is now an open space, and north of it on Temperance Street where the entrance to the underground parking now lives. In addition to bringing new office space into the downtown core, the "office rats" now have a new underground route via the
PATH system that systematically joins the downtown core. Instead of heading over to the Sheraton Centre and then back east towards the Bay underground, from
Scotia plaza you can now head north through the new tunnel making a direct route under the tower right to the Bay.
The Bay Adelaide Centre was a story from the 80's that almost happened in the 90's and sat not even 1/4 built for years after being caught in the recession of the early 90's. The "stump" which sat between Bay and Yonge on the north side of Adelaide was all that was constructed of the original tower. This was the elevator shafts-6 stories of them, which later became prime advertising land, a rock climbers dream and a true portrait of the 80's building growth which came to an abrupt halt. after 15 years, the Bay Adelaide Centre now lives. Not only does the design look nothing like the original plans, this humble looking tower is far from inadequate. Environmentally up to date, utilizing the most modern tools to ensure that energy is not wasted, this new addition to the financial district is a great achievement in Toronto's quest for keeping its word, even if we can't afford it. The land that this tower sits on has plans to build 2 more towers one directly next to it, where the "stump" sat for years-which is now an open space, and north of it on Temperance Street where the entrance to the underground parking now lives. In addition to bringing new office space into the downtown core, the "office rats" now have a new underground route via the PATH system that systematically joins the downtown core. Instead of heading over to the Sheraton Centre and then back east towards the Bay underground, from Scotia plaza you can now head north through the new tunnel making a direct route under the tower right to the Bay.
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