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Ground broken for One York Street office tower in Toronto

Published: 17-Jan-2013

Toronto-based Menkes Developments Ltd., in collaboration with Healthcare of Ontario Pension Plan (HOOPP), has broken ground for a new office tower in downtown Toronto, which is designed by Sweeny Sterling Finlayson & Co. Architects.

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Located at the northeast corner of York and Harbour Streets, in the Southcore Financial District, the new office tower will provide an enclosed pedestrian link to the Air Canada Centre, accessing Union Station and the PATH network.

Comprising 35 stories, the new office tower is being dubbed as 'One York Street' and will feature approximately 800,000 square feet of Class "AAA" office space. Estimated to cost CDN375 million ($380.92 million), One York Street will be part of a larger mixed-use development, which will encompass approximately two million square feet of density occupying a two-acre site.

Comprising approximately 200,000 square feet of retail space, the new office tower will be situated on the top of a four-storied podium. The podium will also accommodate two residential condominium towers of 62 and 66 stories respectively, which will contain approximately one million square feet of density that will be accessed from Harbour Street.

Incorporating state-of-the-art technology in both building automation systems and tenant environments, the new office tower includes elements such as a raised floor HVAC system to provide individual temperature control and greater access to fresh air, constant air-quality monitoring, and occupancy sensors for controllable lighting in its design. Apart from that the building will also be connected to the Enwave deep lake water cooling system, which uses water from Lake Ontario for air-conditioning.

Making provision for high quality office space and demonstrating the organisation's commitment to environmental stewardship, One York Street is pursuing LEED Platinum certification.

Details regarding the retail and residential components of the mixed-use development will be announced in the later part of 2013. Ground was broken for the office tower on 15 January 2013 with the expected occupancy of slated for summer 2016.

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