Menkes Developments, in behalf of its partners Greystone Managed Investments and Triovest Realty Advisors, has broken ground on 100 Queens Quay East, an office building with 25 floors slated to rise along the Toronto waterfront.
The building is designed by local firm B+H Architects and is delivering approximately 690,000 sq.ft. of Class AAA office space. It will also be built with environmental sustainability standards making it eligible for LEED Platinum certification.
“Job growth in the corporate office sector is driving healthy demand for new high-quality office space in downtown Toronto,” said Peter Menkes, president of the commercial/industrial division at Menkes Developments. “Over the past decade, we have seen companies move back into the core, where the combination of amenities and proximity to the Union Station transit hub allows them to attract and retain top talent.”
The Liquor Control Board of Ontario will be among the major tenants of the office tower, occupying an estimated 225,000 sq.ft. or 33 percent of the building. It is also leasing 25,000 sq.ft. of the building’s ground floor area for its flagship retail store.
100 Queens Quay East represents the first phase of a mixed-use neighborhood project known as Sugar Wharf, which includes office, retail, and residential structures, as well as an elementary school and a two-acre public park.
Sugar Wharf will be constructed on an 11.5 ac. property at the northeast corner of Queens Quay East and Freeland St. This prime location places the project at the center of downtown Toronto, and close to the Financial District.
Occupancy for 100 Queens Quay East tower is expected by spring of 2021.