The Globe and Mail

For more than a quarter century, trees matured, grass grew and seagulls pecked at junk food litter on one of the most valuable 75,000 square feet of vacant urban land in Canada, at the corner of Bay and Dundas Streets in downtown Toronto. That patch of land is worth possibly more than $24-million, according to Paul Fish, a principal of real estate consultancy Altus Group of Toronto. After several proposals were considered and rejected, construction has finally begun on a two-level retail extension of the Toronto Eaton Centre, a three-level parking garage in the middle and a 210,000-square-foot Ryerson University Faculty of Business building on top.