This Sleek New Neighbourhood Replacing Honest Ed’s Is Making The Whole Area Unrecognizable (PHOTOS)

Honest Ed's, a relic of Toronto's past, is now nothing more than a gaping hole surrounded by construction cranes at the corner of Bloor and Bathurst. Soon, though, a series of high rise towers will transform the entire area, making it even more unrecognizable. Soon to be known as Mirvish Village, the new mixed-use complex will consist of retail, residential and restaurant units.

New renderings of Mirvish Village produced by Henriquez Partners Architects illustrate just how expansive the plans are. Out of the five residential towers that are set to go up, Urban Toronto reports that the tallest of them is 26 storeys high.

"This mixed-use development will be complete with residential units, retail & market that will carry on the legacy of the neighbourhood," says Diamond Schmitt. Albeit, a lot more sophisticated than it ever was.

Mirvish Village will consume several blocks of real estate, including the entire lot formerly occupied by Honest Ed's. According to developers Westbank Corp., it'll also be home to the new headquarters by WeWork, as well as a traditional WeWork office.

As is illustrated in the renderings, the buildings will be divided by a pedestrian alleyway lined by storefronts and seating areas. A massive "MV" sign will illuminate the southwest corner.

The new development will surely get some mixed reactions, especially from those who knew and loved the area for what it once was. Although, it's pretty cool to see Toronto's iconic neighbourhoods transform so rapidly.

For more details on Mirvish Village, check out Henriquez Partners' website.