Plans for 1 Bloor St. W., Toronto.
The Toronto businessman who purchased the Stollerys building at the southwest corner of Yonge and Bloor streets is planning a building, according to him, that will put the intersection “on an international map.” This is one of the busiest intersections in the city
The tower is being called ‘The One” and
it is going to be 80 storeys high.
The plan, designed by British architect Norman Foster, will replace the Stollerys buiding that has occupied this famous corner of the city for 114 years. If approved, it would be the tallest building in Canada,
other than the the CN Tower.
They are trying to create a shopping destination to compare with Chicago’s Michigan Avenue and New York’s Fifth Avenue. The plan is to build and open the retail section first, which is to include a winter gardens and a public atrium.
The residential suites will be constructed subsequently.
It is hoped that this project will add to the
rejuvenation of the Yorkville area.