TORONTO — Toronto-based SAMM Developments has broken ground on the Regal Plaza Corporate Centre, a $104-million, 335,650-square-foot mixed-use business complex to rise on Dixon Road in Toronto near Pearson Airport.
The complex will consist of an 11-storey above-grade Staybridge Suites hotel and a commercial condo centre, with two new underground parking levels with 295 spots and a new atrium connecting it with the existing Holiday Inn Toronto-Airport East hotel. Completion is slated for spring 2023.
The new atrium will feature skylights and is designed to resemble an indoor courtyard with seating areas and greenery to accommodate exhibits and business presentations, stated a recent release. There will also be a breakfast area and lounge.
On the ground floor, there will be a cafe and retail shops to serve tenants and guests of both hotels. Levels 2, 3 and 4 will encompass a total leasing space of 64,820 square feet of commercial office condos, with 750-square-foot modules that can be combined to create larger spaces.
Accommodations at the Staybridge Suites will start on the fifth floor with a total of 193 rooms. On the penthouse level, a banquet hall will be available for large gatherings.
Amenities will include laundry facilities, an exercise room, outdoor patio with barbecues, swimming pool, meeting rooms and shuttle service to Pearson Airport.
The project team includes architects IBI Group; engineers Cole Engineering, LEA Consulting, Sigmund Soudack and United Engineering; construction manager, Gillam Group; interior designer, Chase Architect; and landscape architect, Ferris & Associates.
“Regal Plaza is an example of our company’s ongoing commitment to innovative initiatives that improve local markets and economies,” said Ali Ackman, SAMM president, in a statement. “This is an important area of the city as far as business is concerned. Proximity to the highways and airport is ideal. We are calling this Toronto’s premier business address.”