Quote:
Originally Posted by MonkeyRonin
If we're to include demolished high-rises, then we could also add the old Toronto Star Building: (built 1929, demolished 1972 for First Canadian Place)
|
It's unfortunate how the economics of those big projects work out. If you are building FCP in the 70's, you want the most prime lot possible and whether you find one with a 20-something storey 20's tower on it or a lowrise building makes almost no difference to the overall bottom line of the project.
In some cities the downtown commercial/office core shifted so some older buildings were inadvertently spared the wrecking ball. This happened to some degree in Montreal and Vancouver but less in Toronto. Plus Toronto grew so much that it is profitable to demolish almost all buildings over 40 years old.