Dream Office REIT betting on Toronto with biggest development proposal since COVID-19 pandemic began
pretty bold to propose so much office space and modest residential units, speaks to long term view of the big players
https://www.theglobeandmail.com/busines ... ef=premium
https://www.theglobeandmail.com/busines ... ef=premium
A major Canadian developer is betting on the future of downtown Toronto, both the residential and office markets, with a new development proposal that’s the biggest in the city since the onset of COVID-19.
Dream Office REIT submitted an application this week to build a 310-metre office and residential complex at 212 King St. W., on the edge of the financial district. The tower would be among the tallest buildings in the city.
Designed by SHoP Architects of New York, the 79-storey tower would include 660,000 square feet of office space and 588 residential rental units. The base would include 10,000 square feet of retail and restaurant space in portions of three heritage-protected loft buildings. The owner of one building, privately held Humbold Properties, is partnering with Dream on the project.