Manulife Investment Management is proposing a 59 storey rental tower at Church and Charles, where the 7 storey Traders Building presently stands.
At a second community consultation, on October 2, Manulife polled community members as to whether they would choose to preserve the current building facade as the podium of a new tower or to have the building demolished in order to create more green space. Option 1 would allow for 2600 square feet of publicly accessible open space; option 2 would allow for 6300 square feet.
As a matter of comparison, the new tower on the west side of Church at Charles (including the old Manhattan Apartments) was approved at 47 storeys. The Manulife proposal is still at an early stage; the developer has yet to submit a development application to the City.
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