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Old July 9th, 2006, 10:28 AM   #21
Dr.VitO
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Quote:
Originally Posted by neilio
lol...ya i agree they arnt near as nice as the multiple architecturaly stunning 200m to 300m towers being built in Sacremento ......lol
looks like somebody has a superiority complex...chill it's just an opinion.
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Old July 9th, 2006, 07:03 PM   #22
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Quote:
Originally Posted by Dr.VitO
looks like somebody has a superiority complex...chill it's just an opinion.
oh im actually feeling pretty chill..and superior.
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Old July 10th, 2006, 09:53 AM   #23
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I like the varied high quality,tasteful designs toronto is building.
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Old July 10th, 2006, 06:44 PM   #24
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those buildings all look amazing gives toronto something good that its missing.. and i wanna hear more about this ROCP III proposal
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Old July 10th, 2006, 07:52 PM   #25
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I would expect RoCP to undergo some more fine tuning and likely be reduced in height. Some density should certainly be reallocated to the podium
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Old July 10th, 2006, 10:32 PM   #26
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Add the Tellus Tower at 30 stories
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Old July 11th, 2006, 02:36 AM   #27
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Telus to join Toronto skyline
ELIZABETH CHURCH
Globe and Mail Update


TORONTO — Telus Corp. is adding its name to the Toronto skyline as the major tenant for a new 30-storey tower to be constructed beside the Air Canada Centre.

The $250-million tower is being built by privately held Menkes Developments Ltd. through a joint venture partnership with Hospitals of Ontario Pension Plan and U.S. private investor, Halcyon Partners Fund. Construction is expected to begin this fall with a target date for completion of January 2009.

Telus has leased 60 per cent of the 780,000-square-foot tower and plans to move 2,000 workers to the site as part of a major consolidation and expansion effort in Ontario.

"We see Toronto as a significant growth market for us," said Andrea Goertz, vice-president of Enterprise Services at Telus. The Vancouver-based firm plans to move staff from 15 different locations throughout the Toronto area to two sites, one in Scarborough on the east side of the city and the new building downtown.

Telus currently has 400 staff working in the city centre, but Mr. Goertz said the new tower will allow all staff involved in services to business clients to work out of out of the same location and in close proximity to major customers. The building, situation between the Gardiner Expressway and a major commuter rail line, will also give the firm huge visibility on the city's skyline.

"It will be like a jewel box,' said Peter Menkes, president of commercial and industrial projects at his family's firm, when asked to describe the new, glass-clad tower. The building will belinked directly to Union Station to the north and is the first office project for the firm in the downtown,which until now has focused its office development in the north end of the city.

Yesterday's announcement was widely expected and follows a competition that concluded in May with the selection of the Menkes site. The decision by Telus to consolidate staff in the city centre, rather than at a suburban location, is a shot in the arm for Toronto's downtown. The site has long been pegged for office development by the city, but has sat empty for years because of lack of demand.

The Telus building is the second major downtown office project announced this year after more than a decade of little activity. This spring, Cadillac Fairview, the property arm of the Ontario Teachers Pension Plan Board announced a tower on the western side of the downtown near Roy Thomson Hall. Brookfield Properties Corp. also is expected to announce this summer that construction will begin at its long-dormant Bay-Adelaide site.

Telus shares trading down 10 cents at $45.30 on the Toronto stock market Monday.



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Old July 11th, 2006, 06:37 AM   #28
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The Renaissance ROM looks a lot like Antoine Predock's Alumini Center at the University of Minnesota in Minneapolis.



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Old July 11th, 2006, 06:49 AM   #29
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^ ha my fathers working on that building.... i dunno if i like it yet.. gotta see when its actually done
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Old July 12th, 2006, 02:11 AM   #30
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Telus deal caps downtown revival
Trio of towers now planned
Phone giant to locate by ACC
Jul. 11, 2006. 06:50 AM
TONY WONG
BUSINESS REPORTER



After more than a decade without a new commercial tower breaking ground downtown, Toronto now has the plans for three new skyscrapers to demonstrate the dramatic turnaround in the city's fortunes.

"Toronto is still the financial capital of this country, and this clearly shows that the biggest institutions have confidence in the future of the city," said Ray Wong, national director of research for CB Richard Ellis.

Yesterday, Menkes Developments and Telus announced the building of a $250 million, 30-storey, 780,000-square-foot skyscraper adjacent to the Air Canada Centre. The project is the second confirmed, tenanted tower in a banner year of development announcements. A 1.2 million-square-foot project in the city's entertainment district was announced earlier this year, and a tenant is expected to be revealed shortly for the Bay-Adelaide Centre in the financial district.

The three new buildings would represent an additional 3 million square feet of space in the downtown core.


Toronto has seen no shortage of condominium building, but commercial towers, the most visible symbols of a city's economic strength, have been conspicuously lacking.

Over the past few years, however, a solid economy and strong job numbers have meant companies such as Telus have been looking at ways to house growing workforces, Andrea Goertz, vice-president of enterprise services for Telus, said in an interview.

"We have experienced phenomenal growth over the last few years, and it was time for us to bring our team together," said Goertz.

Vancouver-based telecommunications company Telus signed the deal with Menkes to be the lead tenant, taking 440,000 square feet of space, or about 60 per cent of the building.

Telus started looking for space last year, but couldn't find an existing building that met the company's needs, said Goertz.

The company sent out a request for proposal to five developers, and decided on the Menkes plan.

"The existing buildings downtown were getting older, and we thought there was a real need for buildings with updated technology," said Peter Menkes, president of Menkes' commercial and industrial division.

The tower is a joint venture among Menkes, Hospitals Of Ontario Pension Plan and institutional real estate equity vehicle Halcyon Partners Fund.

Earlier this year, Cadillac Fairview Corp. announced it would build a 1.2 million-square-foot building at Simcoe and Wellington Sts., beside the new Ritz Carlton hotel.

The last major tower to be built in the city core was BCE Place at Bay and Wellington, in 1992. Since then, a recession, a spate of overbuilding and the bursting of the technology bubble in 2000 caused headaches for developers.

Any building was one in the 905 regions, where rent and taxes were cheaper.

But Canada and Toronto are once again on the radar map of global investors.

A strong currency has also meant that Toronto is now within striking distance of New York City when it comes to the cost of office space, according to a recent CB Richard Ellis survey.

This year, the city leaped 16 slots in the world rankings of occupancy costs, with rents in the financial district poised to rise another 10 per cent by year's end.

Class A or top office space now has a vacancy rate of 6.8 per cent and is forecast to drop to a minuscule 4.7 per cent in 2008, given the absence of new buildings. A figure lower than 10 per cent is considered a landlord's market.

Wong estimates that, with two buildings, the vacancy rate will rise to 8.8 per cent. Three would bring the vacancy rate to 10.4 per cent.

Good demand has given developers the kind of courage that has been lacking since the building bust of the late 1980s, when occupancy rates hit the high double digits.

Brookfield Properties Corp. has said it will soon start building its long-dormant Bay-Adelaide tower, although the company has not yet announced a key tenant.

Real estate sources say the company is currently in negotiations with consulting firm KPMG LLP as a possible lead tenan
t.

The developer received approval from Toronto city council to start building this year.

Real estate sources say that two buildings already confirmed and tenanted will make things more difficult for a third player.
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Old July 12th, 2006, 10:47 PM   #31
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According to Toronto Star Maple Leaf square will start in October. It will start as its 90% sold for tower 1 and 75% sold for tower 2. They will be massive at 186m and 174m. This will likely become the most noticable new project as there is nothing around it.


Also not in Toronto, outside it it appears the Absolute condo (the spinning one) was such a huge hit that there is a 2nd one.

Now there are two (50 stories) and 56 stories.

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Old July 13th, 2006, 03:44 AM   #32
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Woo hoo....October
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Old July 14th, 2006, 08:21 AM   #33
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One St Thomas, designed by Robert Stern is coming along nicely:

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Old July 15th, 2006, 12:14 AM   #34
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Quote:
Originally Posted by LordMandeep
According to Toronto Star Maple Leaf square will start in October. It will start as its 90% sold for tower 1 and 75% sold for tower 2. They will be massive at 186m and 174m. This will likely become the most noticable new project as there is nothing around it.


Also not in Toronto, outside it it appears the Absolute condo (the spinning one) was such a huge hit that there is a 2nd one.

Now there are two (50 stories) and 56 stories.


Its 2 buildings now?! RIGHT ON!!
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Old July 15th, 2006, 06:03 AM   #35
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will be built at the same time next spring. They released a 2nd due to overwhelming demand for the first. A 56 and 50 story twin towers will be gigantic especially in that area. Mississauga is likely to get a big skyline in 2-3 years.
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Old July 15th, 2006, 10:54 PM   #36
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^Maybe they could do a block of those buildings!
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Old July 16th, 2006, 03:45 AM   #37
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i know some you think Mississauga is just a little suburb trying copy Toronto, but those buildings will be giants in a sea of insects. They will be tall and will be seen from a huge distance and will be landmarks of Mississauga.

Also it shows just how many tall buildings there will be in Toronto and area in the next few years. Two 500 foot buildings is a anchivement for a city forget a suburb.
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Old July 16th, 2006, 04:01 AM   #38
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Actually 3-5....Absolute plus 1-3 150's from the Amacon development
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Old July 16th, 2006, 04:11 AM   #39
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well there are quite a few buildings going up all around Toronto and its getting hard to remember whats going up, whats in sales and whats proposed.
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Old July 16th, 2006, 05:16 AM   #40
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This is Toronto.
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