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Development News

Market Street still awaits its sidewalk resuscitation

Market Street redevelopment.

When developer Paul Oberman died in a plane crash in 2011, Market Street, and the buildings that line its west side across from St. Lawrence Market, was much on his mind.
 
As early as 2010, Oberman told Yonge Street that restaurants would be going in on street level, and that the work, which was scheduled to begin the month after he died, would be finished by 2012.
 
The LCBO at Market and Front, which was also part of the project, has finally opened, but the delays have meant that Temperance Street has stolen Market’s thunder, becoming the first of at least three such street restorations that had been planned in the city’s core to be completed.
 
Oberman’s company, Woodcliffe, was a leader in what's known in the development industry as adaptive re-use, the thorough renovation and reconception of old structures and spaces. Before Market Street, Woodcliffe was responsible for the Toronto North Stations becoming the LCBO’s Summerhill flagship store. Woodcliffe also owned the Flatiron Building, which was sold after his death to Clayton Smith’s similarly focused Commercial Realty Group, which recently completed its work on Temperance Street, anchored by the Dineen Building.
 
The third such street rehabiulitation in the works is St. Nicholas, an alley parallel to Yonge running south fron St. Joseph that MOD Development’s Gary Switzer has promised to turn into a shop-lined street as part of his Five project.
 
The restaurants on Market Street – which Woodcliffe tried to get re-named after Oberman – didn’t open in time for the summer. And after three weeks of communications neither Woodcliffe nor their PR agency, Vicbar, was able to tell Yonge Street what the source of the delays – or the unattractive metal corrals that have appeared on the street, presumably to house small sidewalk seating areas – was.
 
Let’s hope it's nothing serious.
 
Writer: Bert Archer
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