Cadillac Fairview boosts investment in Toronto with C$800m office tower
Cadillac Fairview (CF), in conjunction with the Investment Management Corp. has announced construction of a new 46-story office tower at 160 Front Street West, on the northeast corner of Front Street and Simcoe Street in downtown Toronto. The development, which represents CF’s continuing confidence in the city's commercial real estate market, features 1.2 million square feet of office space, 339 parking stalls, 12,290 square feet of retail space and is slated to open in the fall of 2022.
The building’s inaugural client is CF's owner, Ontario Teachers’ Pension Plan, which will relocate their head office from North York to 160 Front Street.
“Toronto is a vibrant and international city, and the downtown core is a major hub of finance. We believe this is the right time to plan our move closer to our partners and the pool of talent we will need to see us into the future. This new building will have many attractive elements to help foster teamwork and innovation, in a healthy and sustainable environment that is close to many different transit options,” said Ron Mock, President and CEO, Ontario Teachers' Pension Plan.