Thomson family sells land where Globe and Mail was considering to call home


The Thomson family's holding company has reportedly inked a deal to sell a high-profile parcel of land in downtown Toronto, on which the Globe and Mail was considering moving its headquarters.

Woodbridge Co. signed the deal last week with three property developers for a parcel of land at Front St. W. and Spadina Ave., Edward Sonshine, the chief executive of one of the developers, RioCan Real Estate Investment Trust, told the Wall Street Journal.

Last November, Woodbridge sold the Globe and Mail's existing head office site to RioCan and its partners, Allied Properties Real Estate Investment Trust and Diamond Corp., for $136 million.

Woodbridge was developing the adjacent parcel of land to build a new office tower, with the Globe and Mail as the main tenant, but decided to sell the land not long after the adjacent parcel sold to RioCan and its partners.

The Globe has yet to decide whether it will take a space in the new building, the Wall Street Journal reported.

Sun News Videos

Mink farming

Nova Scotia produces half of Canada's mink fur.

Feminist 'consent underwear' spark debate

Do consent underwear just change the conversation from 'rape culture' to 'slut culture'?

Afghanistan's upcoming election

With an election rapidly approaching, change is on its way to Afghanistan. Good or bad, the world is watching.

Ezra Levant’s The Source is the most provocative and thought-changing multimedia show in Canada.

This show is 100% focused on the political battles taking place across Canada, in the United States...even around the world.

Michael Coren brings you strong, balanced opinions to challenge conventional thinking.

Byline brings you the stories you won’t hear anywhere else while exploring points of view that are all too often ignored.