Articles tagged with "Commercial"

GWL Realty Advisors plans to redevelop the historic College Park building in Toronto, adding three towers of 65, 75, and 96 storeys while preserving the original structure. The development will include residential units, retail and commercial space, a hotel, a daycare, and the expansion of the Carlu event venue. The project aims to create a new landmark destination, influenced by global architectural designs, and integrate new public areas such as a 'winter garden' facing the park.

Harden, a real estate development company, in partnership with Crombie, has commenced construction on Faubourg Contrecœur, a new commercial development located in Mercier–Hochelaga-Maisonneuve, Quebec. The site, covering 240,000 square feet, will offer over 52,000 square feet of Gross Leasable Area. The project is set to include green spaces and bicycle-friendly amenities.

Global Education Communities is developing two rental-housing projects near the new Oakridge shopping centre in Vancouver. The projects will benefit from their proximity to Canada Line rapid-transit stations, catering to student housing demands and a broader multi-family rental market. Construction on the first project, GEC Oakridge, is underway and expected to complete by mid-2027, while the second project, GEC Langara, is still in the city approval process. Both developments are part of a broader collaboration with Pomerleau Capital to deliver an $800-million student-housing portfolio across Metro Vancouver.

In August, a wildfire in Kingston, Newfoundland and Labrador, caused approximately $70 million in insured damages to homes, businesses, and infrastructure, prompting the evacuation of around 3,000 residents. The event was the largest insured property loss in Atlantic Canada this year, highlighting the increasing risk and cost tied to extreme weather events. The Insurance Bureau of Canada is urging investments in resilient infrastructure and stricter building codes to mitigate the impact of future disasters. Prolonged dry conditions and high temperatures have intensified wildfire risks in the region.

The article discusses a recent quarter-point interest rate reduction which has been welcomed by construction firms. While this cut provides a boost in confidence that may particularly benefit private projects, it is not expected to significantly increase overall construction activity.

The plans for a mixed-use tower on 1075 Bay Street in Toronto have been revised, removing office space due to decreased demand. Canderel Residential now proposes a 62-storey building primarily for residential use, designed by Hariri Pontarini Architects. This comes after previous iterations in 2019 and 2021 which included significant office space. The updated proposal includes a greater number of residential units and involves features for public access and transportation infrastructure improvements in the vicinity.

SixtyEight, a new 20,000-square-foot event and meeting space, has opened on the top floor of Scotia Plaza in Toronto’s financial district. Developed by KingSett Capital and operated by Oliver & Bonacini, it offers modern design, breathtaking city views, and amenities such as a cafe and bar. The venue is designed for corporate events, weddings, and more, with facilities including a grand ballroom that accommodates up to 250 guests. Scotia Plaza, a Class ‘AAA’ office complex, integrates three buildings in Toronto’s heart.

The report from Cushman & Wakefield highlights that the average vacancy for commercial office space in Canada was 17.2% in the second quarter of 2025. This figure, although slightly better than the previous year, still surpasses pre-COVID levels, despite the increasing momentum of the return-to-office movement. The article explores the feasibility of converting these vacant offices into residential spaces as a potential solution.

Paulyne Cadieux, General Manager of Transal, notes that the industry is facing a turbulence stronger than in previous years. Transal, which gathers aluminum manufacturers and suppliers, aims to support their technical, technological, and commercial development. The organization is crucial in fostering innovation to tackle current industry challenges. Technological solutions are essential for the industry's resilience.

Holborn Group has revealed plans for four towers in downtown Vancouver, designed by Henriquez Partners Architects. The development will include 1,939 homes, 920 hotel suites, and a host of public amenities, incorporating unique Pacific Northwest architectural inspirations. One of the towers, a 68-story hotel, will become Vancouver's first supertall building at 1,034 ft, making it the tallest structure in British Columbia. The project aims to include substantial public spaces, such as a public plaza and a rooftop observation deck with free access.

Red Bull is progressing with a $1.7 billion factory intended to can 3 billion energy drinks annually. The plant, which faced previous delays, will serve the U.S. market. This development highlights Red Bull's commitment to expanding its production capacity in response to demand.

Skanska is expanding its advanced technology unit to take advantage of the high demand in the data center sector. Despite challenges faced by increasing material costs, the company aims to capture growth opportunities within this booming market segment. Launched earlier this year, the division is set to capitalize on the burgeoning demand for data centers.