Downtown Toronto’s skyline will grow and change yet again, thanks to an announcement by Oxford Properties Group. The Ernst & Young Tower, as it will be known, will be a 900,000 square foot, 40 storey, class AAA, LEED Platinum office tower located at 100 Adelaide Street West, between Bay and York Streets. Designed by the international firm of Kohn Pederson Fox and assisted locally by WZMH Architects, it will form part of Oxford’s full block Richmond Adelaide Centre mixed use complex.
The tower’s name derives from what will be the lead tenant, Ernst & Young. TMX Group, whose key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy, will also be a major tenant in the building. The development is slated for completion in June 2017, and is currently 45 per cent pre-leased.
Ernst & Young Tower will feature 28,000 square foot floorplates on the five-storey podium and a 23,500 square foot typical floorplate, and is designed to enable collaborative workspaces. At the ground level, the building will retain the historic “Concourse Building” façade including the mosaics designed by Group of Seven artist J.E.H. MacDonald, while a modern new entrance and public space will serve to bridge the old with the new. The building will feature floor-to-ceiling windows and 9’6″ ceiling heights that will showcase 360 degree views of Toronto’s downtown city sights, including Lake Ontario to the south and Nathan Phillips Square on the north side of the building, and will also include multiple outdoor spaces, including a 5,000 square foot terrace on the 6th floor.
In addition to the various building envelope and mechanical features intended to achieve a LEED Platinum certification, the leases at the building represent Oxford’s first official use of a “Green Lease”, which incorporates commitments on how the building is to be occupied, operated and managed in a sustainable way. The Green lease ensures that the building and its occupants are committed long term to the highest standards of sustainability.
Ernst & Young Tower will be a part of the 2.4 million square foot Richmond-Adelaide Centre. The complex has undergone significant renovations since 2010, including lobby and concourse renovations, new public plazas and the comprehensive redevelopment of 111 Richmond West. Tenants at the Richmond-Adelaide Centre include TD Bank, Google, MNP, Aimia, Lenczner Slaght Royce Smith Griffin LLP, Beard Winter LLP and Lerners LLP.