Menkes Developments Ltd. and Alcion Ventures have broken ground on the Waterfront Innovation Centre, a new office building on the Toronto waterfront.
The 400,000-sq.-ft. 10-storey complex, designed by Sweeny & Co., will be comprised of two buildings. The site is located in East Bayfront, adjacent to Canada’s Sugar Beach.
“This state-of-the-art office building will establish East Bayfront as the City’s newest innovation corridor,” Peter Menkes, president of the commercial / industrial division of Menkes, said in a statement. “We’re proud to offer a building that is purpose-built to foster innovation and collaboration, and also meet the growing demand for more adaptable work spaces. We are so pleased to have WPP, a global leader in communications as the building’s anchor tenant, and we’re confident that this world-class complex will continue to attract a multitude of innovative, forward-thinking companies.”
The Waterfront Innovation Centre will feature building automation controls, under-floor air distribution, direct/indirect LED lighting, a high-performance curtain-wall system, and occupancy/daylight sensors. The building will produce electricity via a rooftop photovoltaic solar array.
Construction is expected to be completed by 2021.