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One Hundred Million Dollar Facelift for First Canadian Place

By
Commercial Real Estate Agent with RE/MAX West Realty Inc., Brokerage (Toronto)

One Hundred Million Dollar Facelift for First Canadian Place

 By Brian Madigan LL.B.

 

First Canadian Place is a landmark office tower in the centre of Toronto's financial district. 

It was clad with 16 miles of carrara marble. This was affixed to the exterior façade in 45,000 separate slabs. 

But, that was 1975, and today there is a little problem. The pieces are falling off. And, the ones that don't fall off are turning yellow as they age and absorb some of the local air pollution. 

So, First Canadian Place is getting a new white coloured glass façade at a cost of $100,000 million. 

It makes you wonder why they didn't just use concrete like they did in the 60's.

 

Brian Madigan LL.B., Realtor is an author and commentator on real estate matters, Royal LePage Innovators Realty
905-796-8888
www.OntarioRealEstateSource.com

 

Show All Comments
Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

Wow I love that marble - who is going to get all of that when they rip it off the building??? Wow what a story and the bucks involved - WOW...

Sep 25, 2009 01:40 AM
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

Should we all line up at the bottom to start carrying away the extremely expensive marble they will just dump somewhere? 

Sometimes I wonder .... would there be a better use for that money, and maybe just get the marble/concrete adhesive repaired, and clean up the stones?  Would it cost as much?
Such a waste (or money and marble).

 

Sep 25, 2009 09:08 AM
FN LN
Toronto, ON

I read that they will be keeping the bottom two storeys of marble.  The stories stated that the marble will be recycled by being ground up into other products.

Sep 25, 2009 12:58 PM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Brian - Hmmmm!! I've heard it said that money was made round to go around ... they are just making it go around a building. I've heard of recycling glass for cash this is just the reverse they are recycling cash for glass

Sep 26, 2009 02:25 PM
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

I follow what is happening at First Canadian Place since I used to have an office there.

 

Sep 27, 2009 01:13 PM
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