International design competition to determine its replacement building…project to cost $75 million… North St. Lawrence market to be temporarily relocated to 125 The Esplanade for three years – should all go according to plan…
August 21 2009
The planning process for the massive enhancement of North St. Lawrence Market is underway. According to Toronto’s development and portfolio planning manager in the facilities and real estate division, Anne Milchberg, “The site as it is right now is underutilized. It’s one storey, there’s no parking and ther’s not a lot of rental opportunities. It doesn’t meet the vision and dreams of the neighbourhood and the community. It could be so much more and what we’re doing is optimizing the asset.”
An international design competition will launch in October, for which $875,000 has been included in the 2009 capital budget. On September 15, a public meeting is scheduled to discuss the temporary relocation of the north market to 125 The Esplanade for about three years until the construction project is completed. For purchasers of nearby condominiums The L Tower, Market Warf, and London on the Esplanade this is an exciting project to follow.
The estimated total cost for the new market will be $75 million and the goal date for occupancy is 2014. The vision for the new and improved ‘supercharged’ market includes a four-storey building, underground parking and a ground floor market hall and mezzanine.
Click on the below image for a Google Earth snapshot of what exactly is going on…