An old building in Toronto's The Annex neighbourhood is among the latest landmarks put on the chopping block, and it will mean the permanent closur...
An old building in Toronto's The Annex neighbourhood is among the latest landmarks put on the chopping block, and it will mean the permanent closure of a shared workspace for organizations promoting social causes. has announced that it has put its 720 Bathurst Street location up for sale in response to declining in-person office attendance, and has opted to consolidate its operations within its larger Spadina location.
CSI assuaged fears with a promise that the organization is doing just fine, and offered an assurance that it was not facing the same challenges as other high-profile co-working environments like"CSI is being proactive, strategic and forward-looking. The world is changing, and so must CSI." The organization claims that it is"in a stable position financially, but interest rates, inflation and work from home have changed the real estate landscape, and we want to be proactive in how we are addressing these changes."
As for existing tenants, CSI assures those currently using their Bathurst location that"this is not a notice to leave," and should be interpreted more as a display of transparency from the organization.Despite its age of over a century, the over 33,000-square-foot building is not designated under the Heritage Act or listed on the City's heritage registry, meaning it could potentially be subject to demolition once acquired by new owners.
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