Despite a World Wide recession, Toronto has seen a flurry of development in the Financial district with several green commercial office towers and three luxury Hotel-Condominiums nearing completion.
Three new downtown office towers:
- Bay Adelaide Centre West
- RBC Centre
- Telus Tower
All of these new office towers will strive to be “Green” to comply voluntary with the LEED qualifications, some will have the Gold rating.
Three new luxury Hotel-Condominiums:
- Trump Tower
- Ritz Carlton and the Residences at the Ritz Carlton
- Living Shangri-La Toronto
Most of the downtown Toronto office towers were over 20 years old so there was a pent-up demand by tenants for bigger and more efficient buildings.
Even the three new Hotel-Condominium projects will be most attractive to executives doing business in our financial district along with providing accommodation to these financial employees who prefer to live downtown.
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