new office development

Transcription

new office development
NEW OFFICE
DEVELOPMENT
september 2013 toronto cbd
EXECUTIVE SUMMARY
TORONTO DOWNTOWN NEW OFFICE DEVELOPMENT
Development in downtown Toronto has been steadily increasing in recent years, driven by an influx of workers and residents into the downtown
core. Activity has been strong in both residential and commercial construction, as well as the infrastructure intensification necessary to support
this growth. Following a near-20 year construction lull, six Class A office towers totalling 4.4 million SF were completed between 2009 and
2011. With office vacancy rates currently at historical lows and few large blocks of space available for tenant relocations, a new construction
cycle began in the second quarter of 2012. There are currently 5.9 million SF of Class A office space under construction in downtown Toronto.
The first of these eight buildings will be coming online in 2013 with the remainder expected to be completed by 2017.
Commercial development has been growing in concert with residential development. There are currently 58 residential projects under
construction in downtown Toronto, with an additional 27 in the pre-construction stages.
As residents and workers continue locating downtown, infrastructure must be expanded to accommodate the increased demand. To help
traffic congestion and transit backlogs in the Greater Toronto Area, Metrolinx launched The Big Move project. The first wave of this 25-year,
$50-billion transit plan is currently underway. Projects that will alleviate downtown congestion include the Union Pearson Express and the
Union Station Revitalization.
This confluence of downtown office development, urban high-rise residential, and a renewed emphasis on public transit is a rising trend. This
trend is true not only in Toronto, but also in all of Canada’s major urban centres and a growing number of U.S. cities.
2 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
DOWNTOWN OFFICE REFERENCE MAP
TORONTO DOWNTOWN
| Recently
Completed
/ Under
Construction
/ Future
Developments
TORONTO
DOWNTOWN|
Completed
/ Under
Construction
/ Future
OfficeOffice
Developments,
Sept 2013
COMPLETED (5.0 Million SF)
01
RBC CENTRE, 155 WELLINGTON ST W (2009)
02
BAY ADELAIDE CENTRE WEST, 333 BAY ST (2009)
03
TELUS TOWER, 25 YORK ST (2009)
04
MAPLE LEAF SQUARE, 15 YORK ST (2010)
05
CORUS QUAY, 25 DOCKSIDE RD (2010)
06
18 YORK ST (2011)
07
RICHMOND-ADELAIDE COMPLEX, 111 RICHMOND ST WEST (2012)
08
333 KING ST EAST (2013)
09
180 WELLINGTON ST WEST (209,000 SF) (2013)
14
UNDER CONSTRUCTION ( 5.9 Million SF)
& FUTURE SITES (9.1 Million SF)
10
RBC WATERPARK PLACE (933,020 SF) (2014)
11
BAY ADELAIDE CENTRE EAST (1,017,826 SF) (2016)
12
BREMNER TOWER (706,636 SF) (2014)
13
MaRS PHASE II (740,000 SF)(2013)
14
134 PETER ST (285,581 SF) (2015)
15
ONE YORK ST (800,000 SF) (2016)
16
100 ADELAIDE ST WEST (905,720 SF) (2017)
17
351 KING ST EAST (462,000 SF) (2016)
18
BROOKFIELD PLACE III (800,000 SF)
19
45 BAY STREET (1,000,000 SF)
20
QUEENS QUAY PLACE AT BAYSIDE (2 X 200,000 SF) (2015)
21
30 BAY/60 HARBOUR ST (944,000 SF)
22
16 YORK ST (600,000 – 800,000 SF) (2015)
23
171 FRONT ST WEST (1,000,000 SF)
24
156 FRONT ST WEST (1,200,000 SF)
25
ATRIUM ON BAY (285,000 SF) (20 months from signing)
26
85 RICHMOND ST WEST (155,000 SF) (2019)
27
METRO TORONTO CONVENTION CENTRE (2,500,000 SF)
Building Name
25
13
26
07
11
17
02
08
09
01
24
18
23
27
06
19
03
12
04
22
15
20
05
21
10
Available Office SF
Average Floor SF
Total SF
Comments
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or
consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice
or obligation to the recipient from CBRE.
RBC WaterPark PLACE - 88 queens quay w
233,020
26,666
933,020
Phase 3 of 3-building complex
bay-adelaide centre east - 120 adelaide st w
432,826
23,000
1,017,826
Phase 2 of 3-phase office construction
BREMNER TOWER - 120 bremner blvd
329,636
24,600 - 25,500
706,636
New construction; part of 3-tower mixed-use development
MaRs phase 2 - 661 University Ave
382,000
27,398-40,835
740,000
Phase 2 of multi-phase laboratory and office space development
the queen richmond centre w - 134 peter st
235,581
23,604
285,581
Phase 1 of 2-phase, mixed-use development
one york - 1 York st
668,000
27,692
800,000
New construction
100 Adelaide st w
493,720
23,000
905,720
Redevelopment
globe and mail centre - 351 king st e
282,000
27,000 - 43,500
462,000
Phase 2 of mixed-use development
45 bay st
1,000,000
N/A
1,000,000
New construction
queens quay place at bayside
400,000
25,000
400,000
Phase 1 of multi-phase, mixed-use development
60 harbour / 30 bay st
944,000
N/A
944,000
New construction
16 york st
800,000
28,000
800,000
Phase 2 of residential and office mixed-use development
171 front st w
1,000,000
N/A
1,000,000
New construction
156 front st W (174 front st w/43 simcoe st)
1,200,000
24,000
1,200,000
Mixed-use development
Atrium on bay - 595 bay st
285,000
28,500
285,000
Addition of 4 floors on each of two towers
85 richmond st W
155,000
13,000
155,000
Renovation of existing building
Source: CBRE Limited
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 toronto CBD
3
UNION STATION REDEVELOPMENT
Type:
Mass Transit
Total Annual
Ridership:
65.4 million
Status:
Development:
Under Construction
www.toronto.ca/union_station
Comments:
$640-million initiative to
revitalize Union Station
Artist Renderings by NORR Architects
Union Station Redevelopment
Union Station’s revitalization is a $640-million initiative supported by investments of $164 million from the Government of Canada, $172
million from the Government of Ontario, and $340 million from the City of Toronto.
Union Station’s revitalization will result in bigger, brighter transit concourses, more exits and entrances to the station, new PATH connections,
repair and rehabilitation of an aging facility, and the introduction of an exciting and revitalized retail presence.
Substantial project completion is expected in 2015, with final completion in 2016.
4 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
RBC WATERPARK PLACE
Class:
A
Size:
Office: 933,020 SF
Retail: 50,000 SF
Floors:
31
Available Space: 233,020 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
75%
26,666 SF
3Q 2014
Under Construction
LEED Platinum
Developer:
Oxford Properties
www.oxfordproperties.com
Owner:
CPPIB / Oxford Properties
PATH Connection: Yes
Photo: www.rbcwpp.com
Tenant:
Royal Bank of Canada
(600,000 SF)
Cisco (100,000 SF)
Comments:
Phase 3 of 3-phase building
complex
88 queens quay west
Anchored by the Royal Bank of Canada, RBC WaterPark Place is part of the Bank’s migration plan in 2013 and 2014, which will see moves to
180 Wellington Street West and RBC WaterPark Place. The LEED Platinum designed building demonstrates the highest levels of efficiency in
workplace design. At street level, the façade frames a clear view through to the lake, reinforcing the connection of waterfront to city. The on-site
fitness centre and two storeys of amenity retail make for an exemplary day-to-day experience.
RBC WaterPark Place is in a location in the midst of revitalization. The waterfront of Queens Quay is highly present here. And key downtown
landmarks like Union Station and Air Canada Centre are in the immediate vicinity, connected by the PATH network, an extensive, year-round
covered pedestrian walkway.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 toronto CBD
5
BAY-ADELAIDE CENTRE EAST
Class:
Size:
Floors:
A
Office: 1,017,826 SF
Retail: 8,000 SF
44
Available Space: 432,826 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
57%
23,000 SF
1Q 2016
Under Construction
LEED Platinum
Developer:
Brookfield Properties
www.brookfieldofficeproperties.com
Owner:
Brookfield Properties
Tenant:
Deloitte (419,000 SF)
Borden Ladner Gervais (166,000 SF)
PATH Connection: Yes
Comments:
Phase 2 of 3-phase office
construction
Photo: www.brookfieldofficeproperties.com
120 adelaide street west
Bay-Adelaide East is a 44-storey, 980,000 square foot office tower planned for the second phase of the Bay-Adelaide Centre project. The tower
is designed to achieve LEED Platinum certification and will feature state-of-the-art operating and life safety systems. Connected to Toronto’s
PATH system, the tower will have direct access to the 27 kilometre below grade public walkway and retail network.
Bay-Adelaide North is the third phase of the Bay-Adelaide Centre project and could accommodate an additional development of up to 500,000
square feet.
6 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
BREMNER TOWER
Class:
A
Size:
Office: 706,636 SF
Retail: 30,000 SF
Floors:
30
Available Space: 324,636 SF
Photo: www.southcore.ca
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
54%
24,600 - 25,500 SF
3Q 2014
Under Construction
LEED Gold
Developer:
GWL Realty Advisors
www.gwlrealtyadvisors.com
Owner:
bcIMC & GWL Realty Advisors
Tenant:
Marsh & McLennan
(257,000 SF)
SNC-Lavalin (75,000 SF)
Apple (50,000 SF)
PATH Connection: Yes
Comments:
New construction; part of 3-tower
mixed-use development
120 BREMNER BOULEVARD
Southcore Financial Centre is a major mixed-use, sustainable development prominently located in Toronto’s emerging Downtown South
submarket. This 3-phase project will be comprised of two LEED Gold designed office towers totaling 1.4 million square feet and The Delta
Toronto – a premium 4-star, 560 room, next generation hotel.
The Bremner Tower is the second phase of the Southcore Financial Centre. This 30 storey, 700,000 square foot office building will be directly
connected to Phase 1 of the project: 18 York Street to the east and The Delta Toronto hotel to the west.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 toronto CBD
7
MARS PHASE 2
Class:
A
Size:
Office: 740,000 SF
Retail: 30,000 SF
Floors:
20
Available Space: 382,000 SF
% Leased:
48%
Average Floor:
Completion:
Status:
LEED Status:
27,398 - 40,835 SF
4Q 2013
Under Construction
LEED Gold
Developer:
MaRS Development
www.marsdd.com
Owner:
MaRS Discovery District
Tenants:
Ontario Institute for Cancer
Research (78,000 SF)
Public Health Ontario
(160,000 SF)
MaRS (120,000 SF)
PATH Connection: No
Artist Rendering by Bregman + Hamann Architects
Comments:
Phase 2 of multi-phase
laboratory and office space
development
661 UNIVERSITY AVENUE
MaRS Centre Phase 2 offers state-of-the-art laboratory and office space in a co-location environment, advanced communications and information
technology capabilities, access to a large multi-function conference/collaboration centre and collaboration opportunities with other MaRS
tenants and partners across Canada and around the world.
Located in the heart of downtown Toronto, the MaRS Centre is a vibrant, architecturally inspiring space that has become the undisputed hub
of Toronto’s Discovery District: every day, more than 2,300 people come to work at the 750,000 sq.ft. complex.
The launch of the MaRS Centre Phase 2 will more than double the available square footage of MaRS, creating Canada’s largest science,
technology and research centre.
8 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
THE QUEEN RICHMOND CENTRE WEST
Class:
A
Size:
Office: 285,581 SF
Retail: 13,637 SF
Floors:
17
Available Space: 235,581 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
18%
23,604 SF
1Q 2015
Under Construction
LEED Gold
Developer:
Allied Properties REIT
www.alliedreit.com
Owner:
Allied Properties REIT
Tenant:
Sapient Corporation
(50,000 SF)
PATH Connection: No
Comments:
Phase 1 of 2-phase, mixed-use
development
Photo: Allied Properties
134 PETER STREET
The Queen Richmond Centre West (The QRC) is a landmark development in Toronto’s Downtown West. The QRC is an office-retail development
that will be completed in two phases. Phase 1 will integrate the existing, four-storey renovated and converted office building with a new,
11-storey office structure and a two-storey atrium. Completion of the first phase is scheduled for early 2015. The second phase is expected to
include a large retail component.
9 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
ONE YORK
Class:
A
Size:
Office: 800,000 SF
Retail: 200,000 SF
Floors:
35
Available Space: 668,000 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
17%
27,692 SF
2Q 2016
Under Construction
LEED Platinum
Developer:
Menkes Developments
www.menkes.com
Owner:
HOOPP & Menkes Developments
Tenant:
HOOPP (132,000 SF)
PATH Connection: Yes
Comments:
New construction
Photo: www.arcestra.com
1 YORK STREET
One York is an 800,000 square foot, 35-storey, LEED Platinum office development in Downtown South. One York will be connected via abovegrade PATH to the Air Canada Centre to the north, providing tenants with quick access to Union Station, the TTC, VIA Rail, and GO trains. The
location of this building is also easily accessible by the Gardiner Expressway, which connects to the Don Valley Parkway to the east and Highway
427 to the west, both of which then provide easy access to Highway 401.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
10
100 ADELAIDE STREET WEST
Class:
Size:
Floors:
A
Office: 905,700 SF
40
Available Space: 493,720 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
45%
23,000 SF
1Q 2017
Under Construction
LEED Platinum
Developer:
Oxford Properties
www.oxfordproperties.com
Owner:
Oxford Properties
Tenant:
Ernst & Young (255,000 SF)
TMX Group (157,000 SF)
PATH Connection: Yes
Comments:
Redevelopment
Photo: www.oxfordbigblocks.com
100 Adelaide Street West is one of two new developments in the Financial Core. This property will be anchored by Ernst & Young and will
contain nearly 1 million SF of rentable office space. The façade of the existing 16-storey heritage building will be incorporated into the 40-storey
redevelopment. Given the heritage status of the existing structure, it will be dismantled brick-by-brick in order to be incorporated into the new
construction. Therefore, timing of this project is longer than that of comparable projects Downtown, and completion is expected in early 2017.
11 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
GLOBE AND MAIL CENTRE
Class:
A
Size:
Office: 462,000 SF
Retail: 18,000 SF
Floors:
17
Available Space: 282,000 SF
Photo: www.urbantoronto.ca
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
39%
27,000 SF - 43,500 SF
Q4 2016
Under Construction
LEED Gold/Platinum
Developer:
First Gulf Corporation
www.firstgulf.com
Owner:
First Gulf Corporation
Tenant:
First Gulf Corporation (50,000 SF)
Globe and Mail (130,000 SF)
PATH Connection: No
Comments:
Phase 2 of mixed-use development
351 KING STREET EAST
The Globe and Mail Centre represents Phase 2 of a four-acre redevelopment site. Phase 1 of the project featured the addition of three stories
to the existing 333 King Street East building to accommodate Coca-Cola Canada. The Globe and Mail Centre will be a 17-storey office tower
anchored by the Globe and Mail. Construction has commenced and is scheduled for completion in late 2016.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
12
45 BAY STREET
Class:
Size:
Floors:
A
1,000,000 SF
N/A
Available Space: 1,000,000 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
N/A
2018
Proposed
N/A
Developer:
SITQ
www.ivanhoecambridge.com
Owner:
SITQ
Tenant:
N/A
PATH Connection: N/A
Comments:
New construction
Photo: www.urbantoronto.ca
45 Bay Street is a 2.3-acre plot of land, currently improved with a Green P Parking Lot. This property is zoned as a Mixed Use Area, which
permits 1.2 million SF of office density. Currently, no redevelopment plans have been submitted to the City of Toronto.
13 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
QUEENS QUAY PLACE AT BAYSIDE
Class:
A
Size:
Office: 2 x 200,000 SF
Retail: 2 x 15,000 SF
Floors:
Available Space:
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
Photo: Hines
2x8
400,000 SF
0%
25,000 SF
1Q 2015
Proposed
LEED Gold
Developer:
Hines
www.hines.com
Owner:
Hines
Tenant:
N/A
PATH Connection: No
Comments:
Phase 1 of multi-phase, mixeduse development
The Bayside development site is the largest parcel of land developed to date by Waterfront Toronto. Led by real estate developer Hines, Bayside
will transform an under-utilized, industrial area into an active and diverse mixed-use community and evolving waterfront destination.
Queens Quay Place is proposed to be two buildings, each having 208,000 SF of office space. 190,000 SF of retail amenities as well as 1,700
condominium units are also planned for the immediate vicinity.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
14
30 BAY STREET / 60 HARBOUR STREET
Class:
Size:
Floors:
A
944,000 SF
N/A
Available Space: 944,000 SF
Photo: CBRE Limited
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
N/A
TBD
Proposed
N/A
Developer:
Oxford Properties
www.oxfordproperties.com
Owner:
Toronto Port Authority
Tenant:
N/A
PATH Connection: N/A
Comments:
New construction
This 1.8-acre site is improved with the 7-storey Toronto Harbor Commission office building at 60 Harbour Street and a vacant site currently used
for surface parking. While no official plans are available yet, the Toronto Port Authority plans on redeveloping the vacant land into a mixed-use
office and commercial property. The existing structure at 60 Harbour Street will be preserved. Current tenants of the building, including Harbour
60 Restaurant, are expected to remain at the same location.
TPA hopes to have construction commence within the next few years following required approvals and site planning.
15 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
16 YORK STREET
Class:
Size:
Floors:
A
800,000 SF
30
Available Space: 800,000 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
28,000 SF
3Q 2015
Proposed
LEED Platinum
Developer:
Cadillac Fairview Corporation
www.cadillacfairview.com
Owner:
Cadillac Fairview Corporation
Tenant:
N/A
PATH Connection: Yes
Comments:
Phase 2 of the Residential and
Office mixed-use development
Photo: www.16york.ca
Cadillac Fairview Corporation has partnered with Lanterra Developments to develop this mixed-use residential and office property. Currently
under construction on this site are Lanterra Developments’ ICE Condominiums – two towers, 67- and 57- storeys each. This 32-storey office
tower is proposed adjacent to the existing residential development.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
16
171 FRONT STREET WEST
Class:
Size:
Floors:
A
1,000,000 SF
N/A
Available Space: 1,000,000 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
N/A
2018
Proposed
N/A
Developer:
Allied Properties REIT
www.alliedreit.com
Owner:
Allied Properties REIT
Tenant:
N/A
PATH Connection: N/A
Comments:
New construction
Photo: www.urbantoronto.ca
The site is located at the southeast corner of Front Street West and Simcoe Street. The property is improved with an 8-storey technology centre
at 151 Front Street West, the SkyWalk, and surface parking area.
The proposed development consists of an office building and technology centre, with a shared lobby and galleria. Above grade parking is
integrated into the development under the SkyWalk and in above ground floors.
17 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
156 FRONT STREET WEST
Class:
Size:
Floors:
A
1,200,000 SF
54
Available Space: 1,200,000 SF
Photo: www.urbantoronto.ca
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
24,000 SF
TBD
Proposed
N/A
Developer:
Cadillac Fairview Corporation
www.cadillacfairview.com
Owner:
Cadillac Fairview Corporation
Tenant:
N/A
PATH Connection: N/A
Comments:
Mixed-use development
This land assembly consists of eight addresses at 156-174 Front Street West & 43-51 Simcoe Street having a total size of 1.6 acres. The owner
intends to redevelop this property into a mixed-use project consisting of a 65-storey residential tower and a 54-storey office tower. A rezoning
application is currently under review with the City of Toronto.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
18
Atrium ON BAY
Class:
Size:
Floors:
A
285,000 SF
4x2
Available Space: 285,000
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
28,500 SF
20 months from signing
Proposed
N/A
Developer:
H&R REIT
www.hr-reit.com
Owner:
H&R REIT
Tenant:
N/A
PATH Connection: Yes
Comments:
Addition of 4 floors on each of
the two towers
Photo: CBRE Limited
595 bay street
An application for Site Plan Approval is currently under review with the City of Toronto. H&R REIT plans to add 215,000 SF on four floors of
each of the two end towers of this building. New elevator banks will be installed to accommodate the new floors. Construction is expected to
be completed within 20 months of commencement, pending an anchor tenancy.
19 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
85 RICHMOND STREET WEST
Class:
Size:
Floors:
A
155,000 SF
11
Available Space: 155,000 SF
% Leased:
Average Floor:
Completion:
Status:
LEED Status:
0%
13,000 SF
2019
Proposed
N/A
Developer:
Oxford Properties
www.oxfordproperties.com
Owner:
Oxford Properties
Tenant:
N/A
PATH Connection: Yes
Comments:
Renovation of existing building
Photo: www.oxfordproperties.com
Oxford Properties is considering a potential redevelopment of the existing building. If it goes ahead, construction is expected to be completed
in Q4 2016.
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
20
MULTI-HOUSING REFERENCE CHART
TORONTO DOWNTOWN | Under Construction
#
Status
Submarket Development
Builder
Product Type
# Units
Occupancy
1
Under Construction DT Core
U Condominiums - West Tower (Phase 1)
Pemberton Group
Apartment
418
2015-01
2
Under Construction DT Core
U Condominiums - East Tower (Phase 2)
Pemberton Group
Apartment
462
2015-01
3
Under Construction DT Core
1 Thousand Bay
Cresford Developments
Apartment
478
2015-05
4
Under Construction DT Core
Five Condos
Graywood Developments Ltd. and Mod Developments Inc.
Apartment
539
2014-11
5
Under Construction DT Core
Chaz on Charles at Yonge
Edenshaw Homes and 45 Charles Ltd.
Apartment
417
2015-06
6
Under Construction DT East
X2
Great Gulf Homes and Lifetime Developments
Apartment
480
2014-06
7
Under Construction DT Core
Aura at College Park
Canderel Stoneridge Equity Group Ltd.
Apartment
981
2014-12
8
Under Construction DT West
Residences at RCMI on University
Tribute Communities
Apartment
318
2014-10
9
Under Construction DT West
No. 210 Residences on Simcoe
Sorbara Development Group and Diamond Corp.
Apartment
294
2015-07
10 Under Construction DT West
12 Degrees
BSaR Group of Companies
Apartment
95
2014-03
11 Under Construction DT West
Tableau Condominiums
Urban Capital Property Group and
Malibu Investments Inc. and Alit Developments
Apartment
410
2014-09
12 Under Construction DT West
King Charlotte
Lamb Development Corp. and Niche Development
Apartment
232
2015-01
13 Under Construction DT West
Bisha
Lifetime Developments
Apartment
334
2014-04
14 Under Construction DT West
Cinema Tower
Daniels Corporation
Apartment
444
2014-01
15 Under Construction DT West
Pinnacle on Adelaide
Pinnacle International
Apartment
345
2014-06
16 Under Construction DT West
Mercer
Graywood Developments Ltd. and Beaverhall Homes
Apartment
390
2014-12
17 Under Construction DT West
Three Hundred Front Street West
Tridel
Apartment
683
2013-08
18 Under Construction DT West
Studio2 on Richmond
Aspen Ridge Homes
Apartment
406
2014-11
19 Under Construction DT West
Studio on Richmond - Building B
Aspen Ridge Homes
Apartment
337
2014-07
20 Under Construction DT West
Theatre Park
Lamb Development Corp. and
Harhay Construction Management Ltd. and Niche Development
Apartment
233
2014-08
21 Under Construction DT West
Infinity Condominiums - Final Phase
Conservatory Group
Apartment
298
2014-02
22 Under Construction DT West
Infinity3 Condominiums
Conservatory Group
Apartment
407
2014-02
23 Under Construction DT Core
L Tower
Fernbrook Homes and
Cityzen Urban Lifestyle and Castlepoint Numa
Apartment
600
2013-10
24 Under Construction DT Core
Backstage on the Esplanade
Fernbrook Homes and
Cityzen Urban Lifestyle and Castlepoint Numa
Apartment
284
2015-04
25 Under Construction DT East
PACE
Great Gulf Homes
Apartment
352
2015-05
26 Under Construction DT East
Marketwharf
Context Developments
Apartment
465
2014-02
27 Under Construction DT East
Post House Condominium
Alterra Homes
Apartment
280
2014-05
28 Under Construction DT East
King Plus Condos
Plus Development Group and Terracomm Development Inc.
Apartment
132
2014-06
Source: RealNet
This disclaimer shall apply to CBRE Limited, Brokerage, and all of its real estate agents, and to all other divisions of the Corporation (collectively “CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the
accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may
deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE.
21 NE W OFFICE DE VELOPMENT | se p t embe r 2013 to r o nto CBD
MULTI-HOUSING
REFERENCE MAP
DOWNTOWN TORONTO
COLLIER STREET
YORKVILLE AVENUE
Park
Hyatt
InterContinental
Hotel
CRITCHLEY LANE
Unilever
Building
Manulife Centre
STREET
HAYDEN STREET
CHARLES STREET WEST
ST. MARY STREET
1
Trinity College
Humanities
Research Library
St. Michael’s
College
Wycliff College
Hart House
YWCA
CIRCL
PHIPPS STREET
Sutton Place
Hotel
WELLESLEY STREET WEST
CAWTHRA SQUARE
4
WELLESLEY STATION
HART HOUSE
DUNDONALD STREET
3
St. Joseph
School
BAY STREET
WILLCOCKS STREET
WELLESLEY LANE
MONTEITH STREET
40
WELLESLEY STREET EAST
65
460
Chemistry
Jarvis
Collegiate
AC
Queen’s Park
South
GROSVENOR STREET
RE
S
ALEXANDER STREET
Medical Sciences
GALBRAITH ROAD
C
Courtyard
By Marriot
Hotel
MARIBETH AVENUE
GRENVILLE STREET
WOOD STREET
COLLEGE STREET
HENRY STREET
Best Western
Primrose
MCCLEAR PLACE
GRANBY STREET
EN
T
MURRAY STREET
Mount Sinai
Hospital
GERRARD STREET WEST
GERRARD STREET EAST
WALTON STREET
The Suites
at 1 King
West
St. James
Park
St. James
Cathedral
KING STREET EAST
Le
Meridien
King
Edward
Hotel
Cosmopolitan
Hotel
King James Place
Parking
COLBORNE STREET
East
EET
NT STR
WELLINGTON STREET EAST
Bay Wellington
Tower
Royal Bank
Plaza
North
Brookfield Place
FRO
St. Lawrence
Market
WINDSOR STREET
St. Lawrence
Centre
THE ESPLANADE
TT
UNION STATION
ADE
THE
WALTON STREET
Union Station
18 York Street
Telus Tower
BREMNER BOULEVARD
GARDINER EXPRESSWAY
BAY STREET
YORK STREET
LOWER SIMCOE STREET
NAVY WHARF COURT
GWL Tower II
Air Canada Centre
LAKESHORE BOULEVARD EAST
FREELAND STREET
REES STREET
Toronto Star
LAKESH
HARBOUR
YONGE
STREET
WaterPark Place
QUAY EAST
Corus Building
HARBOUR
SQUARE
York
Quay
Centre
QUEENS
Redpath Sugar
STREET
ROBERTSON
QUEENS QUAY WEST
Conference
Centre
T
YORK STREET
LOWER SIMCOE
Radisson
Plaza
Hotel
STREET
22
GARDINER EXPRESSWAY
WEST
BAY STREE
LAKESHORE BOULEVARD
AY
RESSW ST
EXP
D WE
INER
VAR
GARD BOULE
ORE
21
LCBO
Westin Harbour
Castle
Shorelin
e
line
o Shore
Queen’s Quay
Terminal
Building
Dumaurier
Theatre
Toronto
N
Harbour
Square Park
Toronto
LAKE ONTARIO
line
o Shore
Toront
Harbour
Square
Harbourfront
Park
Toront
Toronto
RICHARDSON STREET
24
GRAND TRUCK CRES
Old Roundhouse
LOWER JARVIS STREET
Maple Leaf
Square
CRESCENT
SPADINA AVENUE
17
WEST
26
Convention Centre
Entrance
Rogers Centre
LAKESHORE BOULEVARD
FREDERICK STREET
23
STATION STREET
Metro Convention Centre
ESPLAN
Novotel Hotel
LOWER SHERBOURNE STREET
Sony Centre
for the
Performing Arts
GEORGE STREET
Citigroup Place
LANE
LOWER JARVIS STREET
Intercontinental
Hotel
SCO
YONGE STREET
FRONT STREET WEST
FRONT STREET WEST
CN Tower
28
EAST
Berczy
Park
TD Canada
Trust Tower
Royal Bank
Plaza
South
St. Lawrence
Hall
Market
Square
Wellington
Square
RSA
Victoria Hotel
George
Brown
College
SHERBOURNE STREET
Commerce
Court
COURT STREET
FREDERICK STREET
PIPER STREET
George
Brown
College
GEORGE STREET
North
West
Ernst
Young
Tower
HEENAN PLACE
Fairmont Royal York Hotel
Holiday
Inn Express
JARVIS STREET
Metlife
Simcoe Place
Renaissance Hotel
SHERBOURNE STREET
GEORGE STREET
TD Waterhouse
Tower
LOMBARD STREET
CHURCH STREET
Royal
Bank
Building
WELLINGTON STREET WEST
The
Toronto
Club
27
TORONTO STREET
RBC Centre
Bank of
Nova
Scotia
44
South
AVENUE
Strathcona
Hotel
CBC Broadcast Centre
BLUE JAYS WAY
PEMBROOKE STREET
JARVIS STREET
MUTUAL STREET
CHURCH STREET
BRITAIN STREET
State Street
Financial Centre
One
Financial
Place
KING STATION
HSBC
Scotia
Plaza
Toronto
Dominion
Bank
Royal Trust
Tower
Toronto Dominion
Bank Tower
Canadian
Pacific
Tower
GRAND OPERA LANE
UNIVERSITY
Markel
16
Parking
BAY STREET
Standard
Life
Centre
ON
SIMCOE STREET
JOHN STREET
Ritz Carlton
13
First Canadian Place
Toronto-Dominion Centre
EMILY STREET
BLUE JAYS WAY
WELLINGTON STREET WEST
St. Andrews
Church
Exchange
Tower
Roy Thompson
Hall
Metro Centre
Wellington Tower
Queen Richmond
Centre
ADELAIDE STREET EAST
The
National
Club
KING STREET WEST
EW STATI
20
YORK STREET
Sun Life Tower
Royal
Alexandra
Theatre
TEMPERANCE STREET
Trump
Tower
CIBC
Mellon
Lombard
Place
Toronto Stock
Exchange
ST. ANDR
WIDMER STREET
DRUMMOND PLACE
UBS
Metro Centre
Clarence
Square
Bay-Adelaide
Centre
West Tower
VICTORIA STREET
National
Bank
Building
ING
Tower
YONGE STREET
Shangri-La
Hotel
Metro Hall
QUEEN STREET EAST
RICHMOND STREET EAST
SHEPPARD STREET
Richmond
Adelaide
Centre
Parking
DUNCAN STREET
JOHN STREET
PETER STREET
CHARLOTTE STREET
SPADINA AVENUE
KING STREET WEST
Le Germain
Hotel
Soho
Metropolitan
Hotel
Simpson
Tower
Moss Park
RICHMOND STREET WEST
PEARL STREET
MERCER STREET
St. Michael’s
Hospital
Elgin
Theatre/
Wintergarden
Theatre
The Bay
Hilton Hotel
NELSON STREET
Princess of
Wales Theatre
Metropolitan
United
Church
BERTI STREET
19
15
BOND STREET
OSGOODE STATION
QUEEN STREET WEST
Sheraton
Centre
Hotel
Four Seasons
Centre
Massey
Hall
QUEEN STATION
JOHN STREET
Bank of
Canada
ADELAIDE STREET WEST
Parking
JAMES STREET
Old City Hall
PULLAN PLACE
Parking
Festival Tower
ST. ENOCHS SQUARE
ALBERT STREET
Nathan Philips
Square
ADELAIDE STREET WEST
Parking
St. Michael’s
Cathedral
Pantages
Hotel
& Spa
Eaton Centre
Parking
Festival
Hall
Grand Hotel
and Suites
SHUTER STREET
ST. PATRICK SQUARE
SOHO STREET
RENFREW
PLACE
Pantages
Canon
Theatre
VICTORIA STREET
Bell Trinity
Square
City Hall
Osgoode
Hall
Canada
Life
RICHMOND STREET WEST
Holiday
Inn on
King
OKEEFE LANE
8
STEPHANIE STREET
14
OKEEFE LANE
SOHO SQUARE
BEVERLEY STREET
Court House
18
Hilton Suites
BAY STREET
Marriot Hotel
HAGERMAN STREET
City-TV
CLARENCE SQUARE
FOSTER PLACE
Comfort Suites
DUNDAS STREET EAST
City-TV
MICHAEL SWEET AVENUE
11
25
Dundas Square
Ryerson
Business School
CHESTNUT STREET
CENTRE AVENUE
Metropolitan
Hotel
University
Centre
9
QUEEN STREET WEST
Toronto New
Media Centre
The Atrium on Bay
DUNDAS STREET WEST
SULLIVAN STREET
The
Balfour
Building
GOULD STREET
Toronto
Life
DUNDAS STATION
ST. PATRICK STATION
GRANGE PLACE
LARCH STREET
Air
Miles
GRANGE ROAD
PLACE
GLENHOLME PLACE
Coach Terminal
Dundas Edward
Centre
GRANGE AVENUE
SOHO
YONGE STREET
ELIZABETH STREET
CHESTNUT STREET
UNIVERSITY AVENUE
ST. PATRICK STREET
McCAUL STREET
BEVERLEY STREET
HURON STREET
SPADINA AVENUE
Police 52
Division
Art Gallery of Ontario
10
Ryerson Polytechnical Institute
EDWARD STREET
DUNDAS STREET WEST
BULWER STREET
ELM STREET
111
7
Delta Chelsea Hotel
WALTON STREET
Hospital for Sick Children
Industrial
Alliance
Building
Allan
Gardens
MCGILL STREET
HAYTER STREET
Lucliffe
Place
Grange
Park
Ramada
Plaza Hotel
HORTICULTURAL AVENUE
Toronto General Hospital
Queen
Elizabeth
Hospital
PHOEBE STREET
CARLTON STREET
College Park
ORDE STREET
Princess Margaret
Hospital
DARCY STREET
Days Hotel
and Conference
Centre
Toronto
Hydro
SHEARD STREET
ROSS STREET
GLASGOW STREET
LA PLANTE AVENUE
MaRs
MaRs Phase 2
(future development)
Ontario Power
Generation
Carlton
Towers
COLLEGE STATION
COLLEGE STREET
Police
Headquarters
Bantry
Best
Institute
QUEENS PARK STATION
Wallberg Building
OXLEY STREET
Church Street
Public School
CHURCH STREET
HURON STREET
Toronto
Psychiatric
Hospital
Government
Women’s
College
Hospital
SURREY PLACE
Government
Engineering
University of Toronto
Clarke
Institute
12
MUTUAL STREET
SPADIN
RUSSELL STREET
Addiction Research
Clinical Institute
MAITLAND PLACE
HOMEWOOD AVENUE
MAITLAND
YMCA
Convocation Hall
MAITLAND STREET
ALEXANDER PLACE
TERRACE
BREADALBANE STREET
DONNA SHAW LANE
KINGS COLLEGE CIRCLE
Knox College
Queen’s Park Ontario Government
Buildings
Ontario
Parliament
Building
YONGE STREET
Physics
BANCROFT AVENUE
WELLESLEY PLACE
E
University
College
EARL STREET
EARL PLACE
ST. JOSEPH STRE
ET
Ontario
Research
Foundation
QUEENS PARK CRESCENT EAST
ST. GEORGE STREET
E
Sydney Smith
Hall
ISABELLA STREET
IN AV
ENU
E
GLOUCESTER STREET
Queen’s Park
North
QUEENS PARK CRESCENT WEST
TOWER ROAD
Zoology
LINDEN STREET
Town
Inn
and
Suites
SHERBOURNE STREET
HARBORD STREET
IRW
ELMSLEY PLACE
SPADINA AVENUE
HOSKIN AVENUE
New College
Comfort
Hotel
Downtown
INKERMAN STREET
St. Basil’s
Roman Catholic
Church
SELBY STREET
Rogers
2
Massey College
CLASSIC AV NUE
6
CHARLES STREET EAST
ST. NICHOLAS STREET
LA SCALA LANE
Victoria
College
Emanuel
College
Rogers
Building
Crown Life
Place
Phase II
5
Windsor
Arms
SUSSEX AVENUE
GLEN MORRIS STREET
Grace
Hospital
SHERBOURNE STATION
Crown Life
Place
Phase I
Canwest
Xerox
Centre
JARVIS STREET
BALMUTO STREET
BAY STREET
MUSEUM STATION
DEVONSHIRE PLACE
BPNICOL AVENUE
ST. GEORGE STREET
HURON STREET
Royal Ontario
Museum
ST. THOMAS STREET
SULTAN
Varsity
Stadium
Condo/
Hotel/
Retail
ROYS SQ
CHURCH STREET
The Colonnade
Varsity
Arena
ROAD
BLOOR STREET EAST
YONGE STATION
BLOOR STATION
University of Toronto Schools
and Ontario College of Education
WASHINGTON AVENUE
E VALLEY
Manulife
Hudson’s Bay Centre
MAYFAIR MEWS
BAY STREET STATION
BLOOR STREET WEST
ST. GEORGE STATION
SPADINA STATION
ROSEDA
L
ASQUITH AVENUE
CUMBERLAND STREET
AVENUE ROAD
BEDFORD ROAD
Holiday Inn
Midtown
Toronto
Reference
Library
BELLAIR STREET
99
Four Seasons
Hotel
PRINCE ARTHUR AVENUE
ne
Shoreli
LAKE ONTARIO
Shoreli
ne
NE W O F F I CE DE V E LOPMENT | s e pt e m b e r 2 0 1 3 to ronto CBD
22
NEW OFFICE DEVELOPMENT
SEPTEMBER 2013 TORONTO CBD
FOR MORE INFORMATION PLEASE CONTACT:
John O’Toole
EVP & Executive Managing Director
T 416 815 2368
[email protected]
Masha Dudelzak, MBA
Senior Research Analyst
T 416 815 2316
[email protected]
Ross Moore
Director of Research, Canada
T 604 662 5101
[email protected]
Access Office Development Reports for: Montreal, Calgary, Vancouver
GIS Mapping provided by: Naz Ali, GISP | National GIS Coordinator | T 604 662 5173 | [email protected]
CBRE Limited | 145 King Street West, Suite 600 | Toronto, ON M5H 1J8 | www.cbre.ca
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections,
images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does
not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the
Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE
and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.
Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.