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NEW TERMINAL BUILDING FOR BAY STREET On May 15th construction work is to begin on the twelve-storey building at the northeast corner of Bay and Front streets. The structure is to be erected by a syndicate headed by E. A. Frost, the site being purchased from Henry Bowles for $850,000. The lot is 156 feet 8 inches on Front street and 210 feet on Bay, where the building will face. Plans for the building have been prepared by N. A. Armstrong & Co., and the construction work, which is to be done by the Carswell Construction Co., and when completed the whole proposition, including the land, will involve about $2,500,000. The real estate deal for the transfer of the land to the syndicate was negotiated by VV. J. Blainey, of 83 Adelaide street west. Leases have already been obtained for space from the United Cigar Stores, the Arrow Bus Lines and Bowles Lunch, the latter to occupy 3,000 square feet at the north end of the building on the ground floor. In the centre is to be a ramp garage, six stories high, and above this will be six stories of offices. Offices will also occupy the Bay and Front street frontages.