Mizrahi Developments



National Post | March 12, 2015

Proposed 80-storey Toronto tower would be the second tallest building in Canada

The Toronto businessman who purchased the iconic southwest corner of Yonge and Bloor streets unveiled his vision to local residents on Wednesday, promising a building that will put the intersection “on an international map.”

Towering above the heart of the city at 80 storeys, “The One” retail and residential development received several rounds of applause from a packed meeting room at the Hyatt hotel on Avenue Road. And then, an unheard of thing happened in a city rife with pitched battles over density: a member of the local ratepayers association rose to ask developer Sam Mizrahi if he would consider adding more floors in order to expand the public realm.

“This is what this open forum is about. The city decides,” Mr. Mizrahi said with a smile. “If this is what the community wants, and wants us to add floors, it’s a design in progress.”

Mr. Mizrahi’s plan, designed by renowned British architect Norman Foster, for the corner occupied for 114 years by Stollerys is to create a shopping destination on par with Chicago’s Michigan Avenue and New York’s Fifth Avenue. If approved, it would be the tallest building in Canada, he said, the CN Tower aside.