09-14-2021, 11:52 PM
(08-13-2021, 04:06 PM)taylortbb Wrote: The Victoria St N property is I believe the strip mall at the corner of Victoria/Duke that currently has The Cake Box in it. I was told to expect 40+ floors there.
I can confirm the plaza at Victoria/Duke was sold to Spear Street Capital. Based on the sale price (similar per acre to 10 Duke and its record-setting price) it will definitely need to be a dense development to be viable.
That said, Spear Street focuses on commercial development, and there's a rumour it was purchased for Google. I'm skeptical of Google being involved, it seems more logical they'd do a Breithaupt Block phase 4 with Perimeter. But it's probably an office project, and Spear Street is a major name.
I believe Spear Street's only previous activity in the region was when BlackBerry sold them their entire real estate portfolio for ~$300M. A 1 acre site is a comparatively small deal, but the fact a commercial developer of international status (based in SF, owns properties across North America and Europe) is interested in DTK is certainly a vote of confidence in the region.