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Old April 13th, 2006, 02:04 AM   #401
Skybean
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Posted by Greg from Zurich in the Toronto forum.

Cadillac Fairview Secures Lead Tenant for Landmark Office Property


RBC Centre becomes first major development in downtown Toronto in over ten years.


The Cadillac Fairview Corporation Limited has announced that it has signed the RBC Financial Group and RBC Dexia Investor Services as lead tenants for a new office tower to be developed in downtown Toronto.
RBC Centre will be a 43-storey, office building at an estimated construction cost of $400 million. The new tower will be located on the southwest corner of Wellington and Simcoe Streets, across from Roy Thomson Hall. RBC and RBC Dexia together will lease 410,000 square feet for a 15-year term.

The building will feature a nine-storey, 400,000-square foot podium with 48,000-square foot floor plates; a 34-storey office tower with 25,000-square foot floor plates; 15,000 square feet of retail; and over 400 parking stalls. It will also have an 18-inch raised floor throughout, floor-to-ceiling glass, flexible HVAC control that allows for individual cooling at low cost; and sensors that monitor light requirements.

“Cadillac Fairview is excited to be the developer of the most significant new building in downtown Toronto in the last 15 years,” said John Sullivan, Senior Vice-President of Development for Cadillac Fairview. “We have been in a tight competition to secure a lead tenant. Our ability to sign a major client ahead of other substantial planned developments is a testament to the quality of this new asset and the invaluable dedication of our team.”

With its striking modern architecture, the 1.2 million-square foot RBC Centre is destined to be a Toronto landmark. It was designed by Kohn Pedersen Fox (KPF) Associates Architects and Planners, based in New York; Bregman + Hamann Architects of Toronto; and Sweeny, Sterling, Finlayson & Co. Architects Inc. of Toronto.

“This is a very exciting development for us,” said José Placido, Chief Executive Officer of RBC Dexia Investor Services, a top 10 global custodian. “By bringing all our employees in Toronto together in one facility, we can accommodate our current and future growth needs, improve our efficiencies and better serve our clients.”

RBC Centre will have one of the most prestigious addresses in Canada. Connected to the 53-storey Ritz-Carlton Hotel and Residences Toronto (which Cadillac Fairview jointly owns), it will be a gateway for major business in the downtown core. Just steps away from multiple eateries and shops, the building will also be fully accessible via Toronto’s PATH system.

“RBC Centre provides us an opportunity to address our premises needs in a cost efficient manner while providing a leading edge design and quality environment for our employees” said Chitwant Kohli, Vice-President, Corporate Real Estate, RBC Financial Group.

RBC Centre will be a leading example of the latest building technology and environmental design in Canada by achieving a LEED Silver status. LEED (Leadership in Energy and Environmental Design) Green Building Rating System® is a voluntary standard for developing high-performance, sustainable buildings. The tower’s operational infrastructure will also incorporate deep lake water cooling and steam heating in order to maximize efficiencies and minimize operating costs. “This is a state-of-the-art facility, unlike any other structure in downtown Toronto,” noted Sullivan.

The strong Canadian economy has led to increased demand for office space, particularly large blocks in downtown Class A buildings. Recent market surveys show that the downtown Toronto office market has been improving steadily for the last few years, with overall vacancy levels currently around 8 percent, and trending lower. Furthermore, absorption of space in the financial core has been increasing. These conditions have created a favourable climate for Cadillac Fairview to proceed with a new office tower.

Construction on RBC Centre is scheduled to begin in July 2006 and slated for completion in 2009.


--------------------------

CrazyCanuck says it will be 610 ft in height.

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Old April 13th, 2006, 02:16 AM   #402
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Quote:
1.casa 40-50% sold constuction perhaps fall
2.murano under consrtuction(excavation)
3.the met tower 1 under construction (at floor 10 of 43)
4.spire construction (at floor 23 of 47)
Spire is at 30 of 47.
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Old April 13th, 2006, 02:36 AM   #403
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Never realized Spire will be 47 stories......it will move the skyline eastwards, which is a good thing I guess
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Old April 14th, 2006, 01:55 PM   #404
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Honest opinion, Toronto ain't a patch on Dubai. Not half as many supertalls in Toronto.
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Old April 14th, 2006, 03:46 PM   #405
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^ ? We've been waiting anxiously for your verdict
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Old April 14th, 2006, 03:53 PM   #406
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And this thread is related to Dubai?
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Old April 14th, 2006, 08:01 PM   #407
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Yea what the hell. Its about Toronto yet we're talking about Dubai?
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Old April 14th, 2006, 09:45 PM   #408
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Better re-name the thread
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Old April 14th, 2006, 09:57 PM   #409
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Perhaps the lad is just a troll-in-training (t.i.t.).
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Old April 14th, 2006, 11:14 PM   #410
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Ha, ha--tit boy!
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Old April 14th, 2006, 11:57 PM   #411
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wutt a stupid comment.. where not comparing dubai to toronto here
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Old April 15th, 2006, 12:18 AM   #412
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LOL. what a tool!
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Old April 15th, 2006, 06:14 AM   #413
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Quote:
Originally Posted by Naz UK
Honest opinion, Toronto ain't a patch on Dubai. Not half as many supertalls in Toronto.
Well yes, if your measuring stick is skyscraper construction. However, since city vs. city was banned I won't get into what needs to be said here.
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Old April 15th, 2006, 09:12 AM   #414
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What is it about Toronto...latley we seem to be getting hit alot by Trolls.
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Old April 15th, 2006, 07:16 PM   #415
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Some people in Canada do not want the city to be sucessful, because they want thier city to be the main city in Canada.
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Old April 15th, 2006, 07:24 PM   #416
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Quote:
Originally Posted by rise_against
What is it about Toronto...latley we seem to be getting hit alot by Trolls.
There is a lot of jealousy in this world, and sadly much of it seems to
aimed by people who frequent these threads. What a waste of energy.
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Old April 17th, 2006, 08:51 AM   #417
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Having visited Toronto I must say that it's a fabulous city and one that you should be very proud of. Don't let all these Trolls get you down, because it's a world class city and it ranks with the best of them.
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Old April 17th, 2006, 08:55 AM   #418
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^ Thanks for the kind words! It certainly has been Troll Season lately!
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Old April 17th, 2006, 09:05 AM   #419
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Ya, I noticed there are a lot of trolls lately. Oh well, what can be done. Just ignore them I guess.
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Old April 17th, 2006, 05:30 PM   #420
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Whats wrong with all of the big Canadian cities growing?
It helps Canada grow as well.

If one major city starts going down it will hurt the country.

If Toronto goes down Ontario will become a poor province.
Ontario becomes poor, Canada hurts.

Oil boom stops, Calgary hurts and it hurts the whole econemy and oil supply.

So i think it is best to sell all of the big cities prosper.
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