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”). 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