Not just a windowless box: Toronto developer proposes data centre in Leaside
AI Article Summary
A Toronto developer, Beeches Development Inc., is proposing an 87,000-square-foot data centre in a business park in Leaside, Toronto. The project, designed as a digital hub, is set to be a seven-floor facility and could begin construction next year. The development is contingent on securing a prime tenant amidst the current demand slump in the commercial sector. This proposal reflects an adaptive strategy amidst shifting market conditions.
What This Means for Canadian Contractors
This project shows how developers are adapting to the slump in commercial real estate by focusing on technology-driven projects like data centres. For Canadian builders, this means potentially exploring new opportunities in prefab or modular construction to meet the specifications of digital facilities. It also suggests a need for keeping abreast of trends in technological infrastructure and their impact on traditional construction timelines and costs.
