TORONTO — Oxford Properties has announced plans to develop a 1.4-million-square-foot commercial tower in Toronto’s South Core neighbourhood at 30 Bay St.
The project has been named the HUB, for its proximity to the harbour, Union Station and Bay Street, said a recent media statement.
U.K.-based architects Rogers Stirk Harbour + Partners were selected to design the project, which Oxford said will be “a dominant fixture on Toronto’s skyline.”
The project will incorporate the heritage Harbour Commission Building. Major recent projects involving Oxford Properties have included the MNP Tower in Vancouver, Hudson Yards in New York City, the EY Tower in Toronto and the Royal Exchange in London, U.K. Oxford has 20 projects in progress, valued at almost $4 billion across 4.5-million square feet.
In total, Oxford owns and manages over 50-million square feet of real estate across Canada.
Oxford is the real estate investment arm of OMERS, one of Canada’s largest pension plans.
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