TORONTO, ONTARIO -- (Marketwired) -- 06/12/13 -- Editors Note: There is an image associated with this press release.
Oxford Properties Group announced today the development of Ernst & Young Tower: a 900,000 square foot, 40 storey, class AAA, LEED Platinum new office tower in downtown Toronto. Ernst & Young, a global leader in assurance, tax, transaction and advisory services, will be the lead tenant. 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% pre-leased.
Ernst & Young Tower will be located at 100 Adelaide Street West, between Bay and York Streets. Designed by world renowned architects Kohn Pederson Fox and assisted locally by WZMH Architects, the development is located in the heart of the city's core and will be connected to the PATH system. It will form part of Oxford's full block Richmond Adelaide Centre mixed use complex.
"Oxford creates exceptional workplaces for high-performing organizations," said Blake Hutcheson, President and CEO, Oxford Properties. "Working closely with Ernst & Young and TMX Group, we are helping to create today's state of the art knowledge workplace at 100 Adelaide West. This LEED Platinum building is another example of Oxford's leading sustainability program and of our world class development program in Canada, the US and the UK. We are excited to work with both Ernst & Young and TMX Group, and to be building what will be one of our city's most enduring office towers."
The building will incorporate modern workplace designs as well as smart technology and productivity tools to help bring out the best in its occupants. The latest techniques in construction and design will be used to ensure a high-quality, energy and cost efficient environment and will include multiple outdoor spaces, including a 5,000 square foot terrace on the 6th floor.
"This new LEED platinum building represents a true workplace of the future, and Ernst & Young is very proud to be at the heart of it," said Eric Rawlinson, Ernst & Young, Managing Partner, Greater Toronto Area. "Having the right workplace is a strategic business tool that empowers us to make a difference for our people, our clients, and our wider community. From the sustainable construction to the leading-edge design, we're looking forward to watching the project come to life and become a new Toronto landmark."
"As we have grown and diversified our organization, our efforts to integrate our acquisitions and optimize synergies have made clear the importance of a work space that fosters innovation and teamwork," said Michael Vivaldi, TMX Group, Vice President, Finance & Administration. "We are excited about the LEED Platinum building at 100 Adelaide Street West, which will provide a state-of-the-art, sustainable workplace in close proximity to key local clients and readily accessible to transit options for employees."
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