Bazis International, a Kazakhstani developer, is turning a seedy, under-built commercial site at one of Toronto’s most prominent commercial intersections, Bloor and Yonge Streets, into an 80-story, mixed-use skyscraper. The $424-million project, called 1 Bloor, is being designed by Bazis’ in-house architecture team. Construction is set to begin this year and, upon completion in 2011, the tower will be one of the country’s tallest buildings.
Michael Gold, the developer’s director of acquisitions and finance, says 1 Bloor will incorporate a three-level, 100,000-square-foot retail podium under a 120-room hotel, topped by 500 condominium units and at least two, 10,000-square-foot penthouses. Below grade, the tower will accommodate parking for 700 cars and direct access to two subway lines.
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