Seems to me that the 2nd phase 30 Storey Bremnar Tower is going ahead.
Avison Young to relocate global headquarters to PwC Tower at Southcore Financial Centre in Toronto as part of company strategy to reduce carbon footprint
TORONTO, May 16 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, Canada's largest independently-owned commercial real estate services company, announced today that the company will be relocating its global corporate headquarters to PwC Tower (18 York Street) at Southcore Financial Centre (SFC), British Columbia Investment Management Corporation (bcIMC)'s new development that is being built to target Leadership in Energy and Environmental Design (LEED®) Gold certification. SFC is located in Toronto's emerging southcore financial district.
Avison Young's move to this mixed-use sustainable development reinforces the commercial real estate brokerage firm's commitment to sustainability and social responsibility. The lease transaction closed on May 6, 2011.
Avison Young's 60 head office employees plan to relocate in the second quarter of 2012 from 150 York Street, where the firm has been based for the past 12 years.
Developed by GWL Realty Advisors Inc. on behalf of bcIMC, the new tower is currently under construction and will comprise 650,000 square feet (sf) over 26 floors when complete in fall 2011. Comprising highly efficient office premises, the building is designed with leading-edge technologies and sustainable features, while targeting rigorous LEED® Gold standards.
"Avison Young continues to embrace sustainability as a strategic option, and in accordance with advice we routinely give our clients," comments Rose. "Avison Young is setting the example for its peer group by embracing the need to reduce our carbon footprint and drive standards for sustainability throughout the industry. As we continue to execute on our growth plans for global expansion, this facility will act as a benchmark for new office standards within the organization."
PwC Tower is phase one of the SFC complex at the northwest corner of York and Bremner Streets in downtown Toronto.
The next phase of SFC's development includes a second office building - the 30-storey, 700,000-sf Bremner Tower, and the 45-storey Delta Toronto - a next-generation, premium four-star hotel.
SFC's 1.4 million sf of office space is designed by award-winning KPMB Architects. The Delta Toronto is designed by Page + Steele / IBI Architects. All three buildings will be connected by more than 14,000 sf of urban forest areas and pedestrian walkways.
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http://www.prnewswire.com/news-rele...egy-to-reduce-carbon-footprint-121884893.html