Development
printer-friendly| BPO Properties owns and controls five high-quality centrally-located development projects totalling 5.6 million square feet in Toronto, Calgary and Ottawa, all of which are at various stages of planning and construction. We will seek to monetize these properties through development only when it meets our risk-adjusted return hurdles, and when significant pre-leasing targets with one or more lead tenants have been met. We believe that as the economy rebounds, continued supply constraints should create opportunities for BPO Properties to enhance value through the development of these assets. |
|
Bay Adelaide Centre West Tower Toronto Ontario The first new development in Toronto's financial core in more than a decade, Bay Adelaide Centre was launched in the summer of 2006 with the commencement of construction of Bay Adelaide West, a 1.2 million square foot, 51-story office tower at the northeast corner of Bay and Adelaide Streets. The first building of the 2.6 million square foot project is to be completed in 2009 and will be anchored by KPMG, Goodmans LLP and Fasken Martineau. Phases Two and Three of Bay Adelaide Centre will likely be a mix of office and hotel/residential. The design of the 50-storey Bay Adelaide West by WZMH Partners integrates the 11-story historic façade of the former National Building, which will be rebuilt and restored to its 1926 grandeur. Built to a LEED® Gold standard which mandates the use of environmentally-friendly materials and the maximum recycling of building materials, Bay Adelaide Centre West will feature state-of-the-art operating and life safety systems. Toronto's Path system, 27 kilometers of public walkway and retail located one level below grade, will be completed with the connection through Bay Adelaide Centre. For more information about Bay Adelaide Centre, please visit www.bayadelaidecentre.com. |
Square Footage: 2,600,000 Contact Information: Robert MacNicol 416-369-2310 rmacnicol@brookfieldproperties.com |
|
Brookfield Place III Toronto Ontario The final phase of the prestigious Brookfield Place complex in the financial core of Toronto, Brookfield Place III is designed for 35 stories of office space with clear views of Lake Ontario. The site is located adjacent to Union Station, the key transportation hub in the city. |
Square Footage: 800,000 Contact Information: Robert MacNicol 416-369-2310 rmacnicol@bpoproperties.com |
|
Bankers Court Calgary Alberta Construction is underway on Bankers Court East, a 265,000 square foot, 15-story building adjacent to the company's 2.7 million square foot Bankers Hall complex in the heart of downtown Calgary. Completion of the building is scheduled for 2008 which has been 100% pre-leased to Fraser Milner Casgrain and Compton Petroleum. For more information visit www.bankerscourt.com or view Press Release. |
Square Footage: 265,000 Contact Information: Dwight Jack 403-770-7089 djack@brookfieldproperties.com |
|
The Herald Block Calgary Alberta The Herald Block is a 66,000 square foot development site with 1.2 million square feet of buildable density. The site is strategically located in the centre of Calgary's downtown core and provides excellent access to public transportation via the adjacent LRT line and parking facilities. The site is within one block of each of Brookfield's current Calgary core office holdings. |
Square Footage: 1,200,000 Contact Information: Dwight Jack 403-770-7089 djack@brookfieldproperties.com |
|
300 Queen Street Ottawa Ontario Located in the western portion of the Canadian capital's downtown core, this development constitutes the third phase of the Place de Ville project. The site is 1.18 acres and could accommodate a 500,000 square foot office building. |
Square Footage: 500,000 Contact Information: Fred Speer 613-563-9646 fspeer@brookfieldproperties.com |
