August 23, 2016
Yonge + St. Clair’s Northeast Corner Reborn
Slate Asset Management is in a unique position of owning all four corners of the Yonge + St. Clair intersection. This is an unprecedented opportunity to bring a coordinated, holistic approach to transforming a major city intersection. Reimagining the various facades that frame the intersection is a natural starting point, the first of which is already well underway.
Hoarding currently surrounds the intersection’s northeast corner. Soon the hoarding will break away to unveil a brand new facade and streetscape. As it stands, 2 St. Clair East is a fifteen-storey commercial office building with two levels of retail and a connection to the St. Clair subway station. The Property shares the area’s only enclosed retail space with the neighbouring property, the Weston Centre. The building was originally constructed in 1976.
Below is a rendering of the future look of the building, with an updated exterior facade imagined by architectural firm Gensler. The sparkling new design will house an expanded and fully renovated TD Bank branch on the main level, and a new Rexall will be located on the concourse level. Greenhouse Juice Co. and Starbucks will be serving drinks at street level, and some old favourites will be returning with new looks downstairs. Slate also redesigned the public corridors to improve navigation and streamline TTC access and modernized the building’s elevators (so people can move up and down as well as sideways). When speaking with Bisnow, Slate Managing Director, Lucas Manuel, said he views this property as “the gateway to the neighbourhood, so it’s important to start [improvement] there.”
Completion of the new 2 St. Clair East is slated for December 2016.