Bay Adelaide Centre (original project)
E1039821
Bay Adelaide Centre (original project) was an ambitious but ultimately halted office tower development in Toronto’s financial district that became emblematic of Olympia & York’s overextension before its 1990s collapse.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
cancelled skyscraper project
ⓘ
office tower development ⓘ real estate development project ⓘ |
| associatedCompany | Olympia & York Developments Ltd. NERFINISHED ⓘ |
| city | Toronto ⓘ |
| continent | North America ⓘ |
| country | Canada ⓘ |
| countryOfLocation | Canada NERFINISHED ⓘ |
| developer |
Olympia & York
NERFINISHED
ⓘ
Olympia & York Developments Ltd. NERFINISHED ⓘ |
| district | Toronto financial district NERFINISHED ⓘ |
| economicContext | early 1990s recession ⓘ |
| financialDistrict | Toronto financial district NERFINISHED ⓘ |
| followedBy | later Bay Adelaide Centre redevelopment ⓘ |
| impact | left a vacant or underused site in Toronto’s financial core for years ⓘ |
| intendedUse | office tower ⓘ |
| locatedAtIntersection | Bay Street and Adelaide Street West ⓘ |
| locatedIn | Toronto financial district NERFINISHED ⓘ |
| location |
Canada
ⓘ
Ontario NERFINISHED ⓘ Toronto ⓘ |
| marketSegment | Class A office space ⓘ |
| notableFor |
association with Olympia & York bankruptcy
ⓘ
being halted mid-construction ⓘ standing as a partially completed structure for years ⓘ |
| partOf | Toronto central business district NERFINISHED ⓘ |
| planningAuthority | City of Toronto NERFINISHED ⓘ |
| precededBy | earlier Olympia & York Toronto office developments ⓘ |
| projectType | speculative office development ⓘ |
| reasonForHalt |
Olympia & York collapse in the early 1990s
ⓘ
early 1990s real estate downturn ⓘ financial difficulties of Olympia & York ⓘ |
| redevelopedAs | Bay Adelaide Centre (completed complex) NERFINISHED ⓘ |
| region | Downtown Toronto NERFINISHED ⓘ |
| status |
halted
ⓘ
never completed as originally planned ⓘ partially built ⓘ |
| street |
Adelaide Street West
NERFINISHED
ⓘ
Bay Street NERFINISHED ⓘ |
| symbolOf |
1990s commercial real estate bust in Toronto
ⓘ
overextension of Olympia & York ⓘ |
| timePeriod |
early 1990s
ⓘ
late 1980s ⓘ |
| use | office ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.