BROOKFIELD PROPERTIES’
BAY ADELAIDE CENTRE DEVELOPMENT TO BE BUILT TO LEED GOLD STANDARD
Green Features, Sustainability Top Priorities at 2.6 Million Square Foot Project in Toronto CBD
TORONTO, October 2, 2007 – Brookfield Properties Corporation (BPO: NYSE, TSX) and its Canadian-based subsidiary, BPO Properties Ltd. (BPP: TSX), today announced that the 2.6 million square foot Bay Adelaide Centre development in Toronto’s financial core will be built to a Leadership in Energy and Environmental Design (LEED) Gold standard, as specified by the Canada Green Building Council (CaGBC). The LEED Green Building Rating System is the internationally accepted scorecard for sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality.
In achieving a LEED Gold standard, the entire Bay Adelaide Centre complex will produce an estimated 40% energy savings relative to other buildings built to the Canadian Model National Energy Code, and will feature state-of-the-art operating and life safety systems, including:
• Lighting occupancy sensors;
• Enhanced indoor air quality;
• Low emitting materials;
• Optimization of energy performance;
• Indoor water use reduction features;
• Rain water collection system;
• Bicycle storage and changing rooms.
“With this project, Brookfield Properties is helping lead the way for high-performing, socially-conscious developments that will benefit our tenants, employees, communities and the environment,†said Ric Clark, President & CEO of Brookfield Properties Corporation. “Brookfield is committed to environmental sustainability in all of our new developments.â€
"Our goal is to provide office space of the highest quality for our tenants while reducing their operating costs which is why we’ve made energy efficiency a top priority," said Tom Farley, President and COO, Canadian Commercial Operations for Brookfield Properties. “Our hope is that this project will serve as a model for 21st century commercial development.â€
Construction on the development commenced in July 2006, and KPMG and Goodmans LLP have signed on as anchor tenants for the project’s first phase – Bay Adelaide Centre West Tower – which is scheduled for completion in July 2009. Comprising approximately 1.1 million square feet, the 50-storey tower is the first new development in Toronto’s financial core since Brookfield Place was completed in 1992. Phases Two and Three of Bay Adelaide Centre will likely be a mix of office and hotel/residential.