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TORONTO | RBC Centre | 600 FT / 183 M | 48 FLOORS | T/O

From the Star

Cadillac Fairview plans 48-storey office tower

TARA PERKINS
CANADIAN PRESS

Cadillac Fairview Corp. revealed plans Monday to build a $400-million, 48-storey office tower in downtown Toronto — with the Ritz as its high-end neighbour.

Toronto's business community has long been awaiting news of a new office project in the city, where vacancy rates in the downtown core's top office buildings fell to a three-year low of 5.6 per cent during the third quarter of this year, from 6.1 per cent in the second quarter.

The Ontario Teachers' Pension Plan Board owns Cadillac Fairview, which manages an $11-billion portfolio of more than 80 properties, including the Toronto Eaton Centre, Toronto-Dominion Centre, Calgary's Chinook Centre and Vancouver's Pacific Centre.

Cadillac's new office tower, near CBC's headquarters, will create more than 1,700 construction jobs and bring about 500 full- and part-time jobs to Toronto, the company said. It expects the offices to be ready by the summer of 2009.

"This site is adjacent to Toronto's financial and entertainment districts," said Cadillac Fairview CEO Peter Sharpe. "And the office tower will stand right beside The Ritz-Carlton, providing a built-in clientele for the hotel."

Cadillac, Graywood Developments Ltd. and the Chevy Chase, Md.-based Ritz-Carlton Hotel Co. announced Monday they will jointly invest in the previously announced $325-million, 53-storey Ritz-Carlton Hotel and Residences project.

Originally, Ritz-Carlton only intended to place its money behind the hotel component of the project.

President Simon Cooper said in an interview that Ritz will contribute 20 per cent of the investment, with Cadillac and Graywood each taking 40 per cent stakes.

"It's a change for Ritz-Carlton, because typically we're not investors in the residential side," Cooper said. "This is the first time we have ever chosen to be an investor in a downtown (residential) location," he said, although the Ritz — which operates 59 hotels around the world — has invested in residential projects in resort locations.

Construction of the hotel project is expected to start at the end of next year, and take about 30 months. Suites in the residential component will range in price from $1 million to more than $3 million, for 2,000 square feet to more than 3,000 square feet.

More than two years after the SARS outbreak and four years after the attack on New York's World Trade Center, Cooper said the hotel industry is "looking relatively good in Canada. I think that there are still some issues," he said, citing the high Canadian dollar, which has a negative impact on leisure travel.

The Ritz intends to split its focus evenly between business and leisure travellers.

glass is being installed

RBC Glass!!!!

Quote:

Originally Posted by Mike in TO (Post 136907)

Glass is now being installed:

http://farm3.static.flickr.com/2003/...35ceea1f6f.jpg

http://farm3.static.flickr.com/2134/...cd442ad6f8.jpg

http://farm3.static.flickr.com/2271/...0485b3e20e.jpg

http://farm3.static.flickr.com/2036/...f6d56a38ff.jpg

Courtesy of Mike in To ( UrbanToronto.ca)

Quote:

Originally Posted by interchange42 (Post 141473)

A Cadillac Fairview Press Release:

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

December 10, 2007
The Cadillac Fairview Corporation Limited: RBC Centre Achieves Gold Standard for Going Green
Cadillac Fairview's RBC Centre is the first major office tower in Canada built to LEED Gold NC Standard

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2007) - The Cadillac Fairview Corporation Limited officially announced today that the 1.2-million-sq.ft. RBC Centre in Toronto's financial district will be built to a Leadership in Energy and Environmental Design (LEED) Gold NC standard, as defined by The Canadian Green Building Council (CaGBC).

The LEED Green Building Rating System is the internationally-accepted measurement for sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality. The state-of- the-art technology employed by RBC Centre will set a new standard of quality, energy efficiency, and user comfort for triple-A office buildings in Canada.

"Cadillac Fairview is proud to be leading the real estate industry with a LEED Gold NC building. The NC designation is a comprehensive approach to environmental sustainability, where both the landlord and the tenant contribute to operating efficiencies, and all benefit from related savings. This will be the first major (more than 1 million square feet) triple-A office building to be built to LEED Gold NC standards in Canada", says Wayne Barwise, Senior VP, Office Development.

RBC Centre, scheduled to open in June, 2009 is a 43-storey, office building located on the southwest corner of Wellington and Simcoe Streets, across from Roy Thomson Hall. RBC and RBC Dexia together are the lead tenants and together will lease approximately half of the building.

"This is a very exciting development for us," said Chitwant Kohli, Vice-President, Corporate Real Estate, RBC. "The RBC Centre provides us with an opportunity to address our premises needs by providing a quality, energy efficient work environment for our employees. Further, its environmental standards will help to reduce our operational footprint, which is good business sense and is the smart thing to do."

Achieving LEED NC

To achieve LEED NC (New Construction) certification, both the base building and leased tenant spaces must comply with the requirements of the Green Rating System. By comparison, LEED CS (Core and Shell) certification limits the requirements of LEED components to only the landlord's base building and does not require compliance by tenant occupied spaces. Accordingly, an NC-certified building is "greener" and more energy efficient than a CS-certified building.

With LEED Gold NC, RBC Centre is estimated to achieve a 50% energy savings relative to buildings built to the Canadian National Energy Code.

RBC Centre incorporates state-of-the-art, energy efficient operating systems, including:

- Automated Systems for lighting, window blinds and light shelves

- Raised Floors for efficient HVAC, electrical and communications distribution.

- Curtain Wall with sun shades, operable windows and floor-to-ceiling insulated glass - 11'-3" high for greater natural light and fresh air.

- Water Collection and high-efficiency recycling systems

- Low-emitting Materials

- Enwave Deep Lake Water Cooling - Refrigeration requires 90% less energy than conventional systems.

- 100% Back-up Power - Bi-fuel emergency generators provide 100% power to all electrical systems

Consistent with Cadillac Fairview's proud history of environmental stewardship and its ongoing commitment to corporate social responsibility, RBC Centre is a model of state-of-the-art sustainable building in the commercial real estate industry that will prompt other developers to follow this important trend.

RBC Centre is sure to be one of the most prestigious addresses in Canada. Connected to the 53-storey Ritz-Carlton Hotel and Residences Toronto (which Cadillac Fairview jointly owns), it will be a gateway for major business in the downtown core. Just steps away from multiple eateries and shops, the building will also be fully accessible via Toronto's PATH system.

About The Cadillac Fairview Corporation Limited

The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management. Cadillac Fairview focuses on high quality office properties and regional shopping centres in Canada and the United States and oversees equity investments in real estate companies and international investment funds. With a portfolio valued at more than $15 billion, Cadillac Fairview and its affiliates own and manage 83 properties, including some of Canada's landmark developments such as Toronto-Dominion Centre, the Toronto Eaton Centre, Sherway Gardens, Carrefour Laval, Chinook Centre and Pacific Centre.

Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 271,000 active and retired teachers in Ontario.

About RBC

Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name of RBC. We are Canada's largest bank as measured by assets and market capitalization and one of North America's leading diversified financial services companies. We provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. We employ approximately 70,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients throughout offices in Canada, the U.S. and 36 other countries. For more information, please visit www.rbc.com.

For more information about RBC Centre please go to www.rbccentre.ca.

To see RBC Centre - LEED Gold NC please check the following link: http://www.ccnmatthews.com/docs/CadillacRBC.pdf

from interchange42 on UT

Looks nice, can't believe I never even heard of this new tower.

RBC Glass!!!

Quote:

Originally Posted by current (Post 17712000)

Photo taken today January 14 they have completed the podium portion of the tower and are now rising above it. You can see the top of the podium in the upper right hand corner and they are continuing to install more glass.

http://farm3.static.flickr.com/2397/...9cd77abb_b.jpg

from Paul over at UT

Quote:

Originally Posted by paul451 (Post 151091)

Little Update, Been a really long time since I ventured in this part of town and I must say I like the progress on RBC and Ritz, even though the ritz remains very hard to photograph.
http://i225.photobucket.com/albums/d...C_2973copy.jpg

http://i225.photobucket.com/albums/d...C_2974copy.jpg

http://i225.photobucket.com/albums/d...C_2975copy.jpg

http://i225.photobucket.com/albums/d...C_2977copy.jpg

http://i225.photobucket.com/albums/d...C_2978copy.jpg

Thanks.
Paul

I'm really loving the glass on RBC.

At first I wasn't so sure. But looking again, it is going to be absolutely amazing.

Quote:

Originally Posted by current (Post 156175)

Photos taken February 4, podium glass is being installed.

http://farm3.static.flickr.com/2155/...e2904055_b.jpg

Close-up of a glass panel that is ready to be installed and you can see the reflection of Roy Thompson Hall in the background.
http://farm3.static.flickr.com/2202/...33db3c01_b.jpg

http://farm3.static.flickr.com/2235/...99114f4b_b.jpg

Looking west at the newly installed podium glass with Metro Hall in the background.
http://farm3.static.flickr.com/2052/...258eb55f_b.jpg

A render of the building and in comparison with the newly installed glass visible behind the render on the top right. I thought that they were going to use concrete or metal panels so I was surprised to see the glass being installed. Eventually near the top will be a large RBC logo.
http://farm3.static.flickr.com/2097/...dce219c6_b.jpg

Northeast corner of the building at Simcoe and Wellington.
http://farm3.static.flickr.com/2175/...e78dbee4_b.jpg

From Union Station looking west, Royal York Hotel to the right and Simcoe Place to the left of the RBC Centre with Metro Hall behind it.
http://farm3.static.flickr.com/2335/...6e50d923_b.jpg

courtesy of current on UT.

Quote:

Originally Posted by current (Post 157631)

Photos taken February 9 the missing glass is being installed and it is set back on the fifth floor. I did next expect that.

http://farm3.static.flickr.com/2331/...1a1b826f_b.jpg

http://farm3.static.flickr.com/2316/...d3433d07_b.jpg

More glass is being installed on the podium.
http://farm3.static.flickr.com/2166/...c387c976_b.jpg

going up!!!!

courtesy of current on UT

neat shot of RBC from sjgardiner on flickr.com

http://farm3.static.flickr.com/2062/...f15c0a5e_o.jpg

This is gonna be a sleek and tall tower.

Don't be fooled by it's bulky appearance. This tower is gonna be slim and tall!!!

trust me

Rising next to Simcoe Place. A tower RBC will beat in hieght by 50 Meters....

http://farm3.static.flickr.com/2314/...6098e9f2_o.jpg

Ziggy posted this from the RBC Website!!1

Quote:

Originally Posted by Ziggy (Post 18445001)

From the RBC website:

February 2008

Construction continues on schedule. The self-climbing core forming system, for the Tower elevator core, and pouring of the concrete for these walls, will continue upwards ahead of the concrete floor slabs. Concrete slabs will be poured for floor levels 15, 16, and 17 in the tower area. Curtainwall installation in the tower will be completed on levels 8, 9, 10 and 11. Elevator installation will continue in the high rise bank and service elevators. Preparation will start for installation of the floating floor system on the 11th floor mechanical rooms. Forming and pouring of the second floor slab in the north podium area will continue.

http://i188.photobucket.com/albums/z...1-20080131.jpg

http://i188.photobucket.com/albums/z...2-20080131.jpg

going up?

love the glass on this