As Toronto’s downtown falls into step with the province’s anti-sprawl legislation, the boom in residential condominiums has created a need for new office towers.
Tucked among the tendrils of the Gardiner Expressway and anchored by Union Station, the South Core area is the logical answer to the questions of the downtown core’s low office vacancy rate.
Menkes Developments Ltd. and Healthcare of Ontario Pension Plan (HOOPP) recently broke ground on a mixed-use site at One York St. that will eventually be home to a new 35-storey office building and a pair of residential condominiums expected to be formally announced this spring.
One York builds on Menkes’ and HOOPP’s successful partnership at 25 York St.
Peter Menkes, Menkes Commerical/Industrial Division president, referred to the Telus Home building at 25 York as “the pioneering office development that kicked off the momentum for the South Core Financial district five years ago.”
One York is a true sibling of older brother 25 York. Both buildings are designed by Sweeny Sterling Finlayson & Co. Architects. 25 York has achieved Leadership in Energy and Environmental Design [LEED] Platinum status, something One York is also pursuing.
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