TORONTO — Cadillac Fairview and the Investment Management Corporation of Ontario (IMCO) have announced that TD Bank Group has signed a long-term lease to occupy 840,000 square feet across 33 of the 46 floors at their office project at 160 Front St. W. in Toronto.
TD will also take an ownership share in the building, which is targeted for completion in 2022, stated an April 11 release.
The office tower will include 1.2-million square feet of office space and 12,290 square feet of retail space. The project has been designed by Adrian Smith + Gordon Gill Architecture in collaboration with B+H Architects to achieve LEED Platinum and WELL Building Standard certifications.
Cadillac Fairview’s portfolio is owned by the Ontario Teachers’ Pension Plan. IMCO is representing its client the Ontario Pension Board. TD joins Teachers’ as major tenants of the building.
“It’s not every day that an organization has the chance to design, from the ground up, a new kind of workplace,” said Paul Whitehead, SVP Enterprise Real Estate with TD, in the statement. “The tower at 160 Front Street West will create a free-range, open-concept campus experience, and reimagine the work experience for our colleagues. This is a key part of our GTA real estate strategy to transform the way our employees work.”
Cadillac Fairview currently has $1.5 billion in major office projects under development in Toronto, including the $479-million building at 16 Street in Toronto, which is a joint project with IMCO, the $200-million BMO Campus at CF Toronto Eaton Centre, and the $60-million revitalization of 2 Queen St. W. in Toronto.
Recent Comments
comments for this post are closed