It looks like this proposal is now much closer to seeing shovels in the ground. The design Panel was impressed and enthusiastic about the design, and voted unanimously in support of the project. I know a few forumers here can't stand it, I'm not one of them.
From: urbantoronto.ca
Address 700 University Ave, Toronto, Ontario
Category Office, Public Space, Rental, Residential, Retail
Status Pre-Construction
Number of Buildings 2
Storeys 61, 5
Number of Units 531
Developer KingSett Capital
Architect KPMB Architects
The Panel was impressed by several aspirations of the project. First, the retrofit of the existing building is aiming to transform it into a carbon-neutral structure. Now approaching its 45th anniversary, the building systems are in need of an upgrade, and KingSett has seized the opportunity to set an example for sustainable rehabilitation of existing office towers. As well, the rental tower is targeting Passive House performance.
As part of the retrofit, 5 new floors are being added on top of the existing tower, creating 30,000 square feet of new office space. As well, the top level is a partial floor that will contain a conference and event centre, similar to that installed on the top floor of the Globe and Mail Centre, which has proven to be quite successful.
Hopefully the marketing team will have more high res and detailed renders of the tower soon.