Ontario Construction News staff writer
B+H Architects will lease 23,008 sq. ft. of office space at a heritage Toronto office building, where it will design the structure’s major restoration.
Menkes Developments Ltd. in partnership with TD Greystone Asset Management owns 20 Bay St., also known as The Permanent, on the southwest corner of Bay and Adelaide streets.
Menkes says in a statement it acquired an interest in the building earlier this year and that B+H will be the The Permanent’s first tenant.
The architect will be providing design direction for key public spaces, preserving the building’s historical architectural elements while balancing them with new, modern amenities for future tenants, the statement says. “The revitalization also includes an updated lobby façade entrance which will link the 320 Bay and 304 entryways into one public lobby, in addition to significant electrical and mechanical upgrades.”
“We’re thrilled to welcome this likeminded firm to a building that will help redefine the financial core and breathe new life into this architectural landmark,” said Peter Menkes, president commercial/industrial. “It’s a privilege to welcome B+H, an important architectural partner of ours, to share in our vision for the space, and set the tone for the kind of progressive and innovative companies that we want to attract.”
“Playing a significant role in the preservation and transformation of this landmark example of heritage architecture located on ‘centre ice’ in Toronto’s financial corridor is a great honour,” B+H senior design principal Patrick Fejer said in the news release. “We are thrilled to be partnering with Menkes to complement their dynamic real estate portfolio and position The Permanent for it’s future as a first-class commercial destination and beacon for the world’s most innovative tenants and talent.”
“We are incredibly excited to call The Permanent the future home of B+H’s Toronto studio,” said B+H CEO Bill Nankivell. “The new location will be a launchpad for the firm’s continued global growth and a space that will reflect our guiding vision of creating bold and inspiring spaces across new sectors and typologies, creating unprecedented opportunities for our people.”
B+H is currently designing Menkes and TD Greystone’s 25-storey office tower at 100 Queens Quay, which will be home to a 25,000 sq. ft. LCBO and is the first phase in the Sugar Wharf mixed-used community.
Expected occupancy is set for Spring 2020.