Posted Aug 27, 2013, 8:51 PM
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Registered User
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Join Date: Dec 2012
Location: Simcoe County, ON
Posts: 6,248
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It's a misconception among many that Toronto's skyline change has been solely residential buildings. While the majority of the construction is indeed condo and hotel development, a fair amount is also commercial.
Just for info purposes, Toronto is also adding to it's downtown office space in record numbers not seen since the late 80's/early 90's. Here's a look at what is CURRENTLY under construction, all of these projects will be finished within 2-4 years.
Bay Adelaide E (980,000)
100 Adelaide W (900,000)
Bremner Tower (700,000)
RBC Waterpark Place (930,000)
One York (780,000)
Richmond Centre Queen W (310,000)
TOTAL NEW OFFICE SPACE U/C IN DOWNTOWN TORONTO: 4,600,000 sq ft
That is on top of adding over 4,400,000 sq ft of downtown office space between 2008 and 2013. By the time this boom is done (providing no new office towers go up in Toronto by 2017), the city will have added over 9 million square feet of office space in the downtown core during the nine year span between 2008 and 2017. Not bad at all if you ask me.
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