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.

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.

A 55-acre site at Essa and Highway 400 in Downtown Barrie, Ontario, is being offered for redevelopment. The site is designated for mixed-use, high-density residential growth and is a significant opportunity for urban development. Plans for the site include the potential construction of over 3,000 new homes, retail spaces, and an elementary school. The sale is managed by KSV Restructuring Inc. through a Court-supervised process, with deadlines for submission of bids and Letters of Intent approaching in October 2025.

The Ottawa city council has approved a six-tower mixed-use residential project near St. Laurent shopping centre. Groupe Oradev plans to build 1,768 multi-residential units with office and retail spaces integrated into the podium. These towers will range from 21 to 35 storeys and will include a public park in the development. The project will also feature approximately 13,000 square feet of non-residential space.

Toronto's major employers, including civil services, banks, and telecom companies, are mandating a return to the office for four to five days a week. This shift is set to dramatically impact the housing market, particularly in suburbs and downtown areas. Office occupancy rates in Toronto are rising, notably on Wednesdays, with full-time attendance expected by the new year for some sectors. This move poses an economic experiment and reflects how far employers will stretch in a challenging labor market.

Urbacon Data Centre Solutions (UDCS) has secured $320 million in financing to further develop its data center facilities in Toronto's Barker Business Park. This expansion will enable the park to deliver approximately 150MW of capacity across six facilities. The financing received a high rating and was oversubscribed, highlighting investor confidence in UDCS's capabilities. UDCS is recognized as Canada's only fully integrated developer, designer, builder, and operator of mission-critical data centers.

The Pinnacle Lakeside towers are making significant progress in Toronto's East Bayfront area, with the development project involving three buildings designed by Hariri Pontarini Architects for Pinnacle International. The towers will rise to 15, 44, and 54 storeys and will offer a mix of residential and commercial spaces. As of August 2025, the construction for these towers is advancing with different segments reaching various floors. The development will eventually add 1,261 condominium units to the neighborhood.

CI Global Asset Management has agreed to acquire Forge First Asset Management, an alternative-asset manager with about $1 billion in assets. Forge First, which uses a long-short investment approach focusing on North American securities, including commercial real estate, will continue under its current name. The acquisition is anticipated to accelerate Forge First's growth thanks to CI Global's extensive distribution and marketing capabilities. The transaction is expected to close in the fourth quarter of 2025, pending regulatory approval.

A construction worker at the One Bloor West highrise project in Toronto was seriously injured. The incident took place at about 1 p.m., and while specifics are limited, it is believed the worker might have fallen from a platform. The event highlights safety concerns at large construction sites. Further details are expected as investigations continue.

The Bayview Village North Block development in North York, Toronto, has taken a significant step forward with the installation of a crane for a 21-storey residential tower. Designed by Giannone Petricone Associates and with Turner Fleischer as Architect of Record, this project is part of a larger redevelopment of the shopping centre's north surface parking areas. The project will include mid-rise buildings, retail streets, and a significant number of new residential units. Excavation work has been progressing, paving the way for the construction of the underground garage levels and subsequent vertical structures.

A 48-storey residential tower is proposed for 4975 Dundas Street West in Toronto's Islington City Centre area. Designed by B+H Architects for Hi-Lo Investments, the building would offer 647 rental units along with commercial spaces. The development features a mix of indoor and outdoor amenities and includes significant provisions for bicycle storage. It is positioned close to the Islington subway station, enhancing its connectivity to other parts of the city.