Quote:
Originally Posted by Vin
Shouldn't a rare heritage building like the downtown Bay be FULLY protected?
No tower whatsoever on top pleeeez.
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It's an 'A' Category Municipally designated heritage building, so in theory it's protected. However, it's also only 8.2 FSR in zone that allows 11 FSR under zoning, and more as a rezoning or HRA to protect the heritage (although that doesn't really apply in this case because it's already protected).
Given the investment into the façade in recent years, unless there's a seismic fix that would cost a lot of money, there wouldn't seem to be much basis for adding much on top. However, if the existing frame can take extra weight, adding another 200,000 sq ft+ to get to 11 FSR, which could be 4 floors set back about 20 feet from the facades, would add a lot of value and office space for a lot more jobs. That's bound to be a consideration for potential bidders for the property.
Adding a residential component would be more difficult in terms of adding separate entrances, services etc, even if rental rather than strata. If the upper floors are going to office use anyway, adding more should be more straightforward, and might justify a better office lobby, elevator bank etc at the same time.