Friday, April 17, 2009

The Rebirth of A Depression-Era Dream

College Park is on the upswing of a roller-coaster ride of boom, bust and boom all over again. A revitalized Eaton's College Park building with its iconic, five-star Carlu Hall, has reignited an economic fascination for one of downtown Toronto's most prestigious and historic blocks, bounded by College, Gerrard, Bay and Yonge Streets.

Canderel Stoneridge is poised to begin contruction of AURA, a 75 storey condominium tower just south of College Park at the corner of Yonge and Gerrard. The residential skyscraper will cover the last street level parking lot along Yonge St. downtown. It will create a vertical community of close to 3,000 people on a block that was once supposed to be the retail epicentre of Canada.

Read Stephen Wier's full article "The Rebirth of a Depression-Era Dream" in The Star (Nov. 8, 2008)