Back to Blog
13 Jun

Toronto getting new skyscraper

General

Posted by: Michael Distefano

Cadillac Fairview and the Investment Management Corporation of Ontario will build a 46-storey office tower in Toronto that will become the new home of the Ontario Teachers’ Pension Plan.

The commercial real estate company hopes to secure additional tenants before the $800-million building opens in the fall of 2022.

The building will be situated on the northeast corner of Front Street and Simcoe Street in downtown Toronto.

It will include 1.2 million square feet of office space, 12,290 square feet of retail and 339 parking stalls.

It is part of flurry of recent investments from Cadillac Fairview, including $1.5 billion in office projects and $25 million for the redevelopment of a former Sears location at CF Champlain mall in Moncton.

Since 2000, Cadillac Fairview has been wholly owned by the pension plan, which currently has a head office in North York.

Michael Distefano
Mortgage Agent and Manager of operations
DLC BTB Mortgage Solutions FSCO 12039
Niagara largest Mortgage Broker
106- 5017 Victoria Ave Niagara Falls L2E4C9
T 905 357 5366 F 905 357 6654 C 905 246 5363
APPLY ONLINE ANYTIME http://betterthanbankmortgage.com/mortgages/how-to-apply/

Check out our full line of DLC Visa cards
http://betterthanbankmortgage.com/visa-cards/

Story Credit: The Canadian Press