Telus plans major addition to Toronto's skyline
Last Updated: Monday, July 10, 2006 | 1:59 PM ET
CBC News
Related
External Links
(Note: CBC does not endorse and is not responsible for the content of external sites - links will open in new window)
Telus Corp. plans to build a $250-million high-tech communications centre in Toronto, the first major office tower to be built in the downtown core since the early 1990s.
"Telus is putting down deeper roots in Ontario," said Joseph Natale, president of Telus's business solutions division. "It is an important growth market for us and our decision to invest in a new building in the heart of downtown Toronto demonstrates our long-term commitment to Toronto and the province."
The 30-storey tower will be built next to the Air Canada Centre, near the Toronto waterfront. Telus will be the lead tenant, taking up about 60 per cent of the total rentable area.
The new tower will be "the most advanced technology-equipped facility in Canada, allowing us to showcase our leadership in innovation in a signature building that will become part of Toronto's cityscape," the company said.
Construction is set to begin in the fall, with an expected occupancy date of Jan. 1, 2009.
The project is being developed by Menkes Developments Ltd., a diversified Toronto builder.
Peter Menkes, president of Menkes's commercial division, said the company was going ahead with the first major tower in a decade because "demand for high-quality office space in the Greater Toronto Area is growing. Our decision to move forward on this project reflects our belief that downtown Toronto is a dynamic place to do business for Canadian companies, whether they are operating locally, nationally or on a global basis."
The Maritime Life Tower, built in downtown Toronto several years ago, is not considered a major tower.
Telus, based in Vancouver, expanded into Ontario in 2000 with the $6.6-billion purchase of Clearnet Communications. It now employs more than 5,200 workers in the province.
Share Tools
Latest Toronto News Headlines
- Ontario PCs elect Richard Ciano as party president
- Ontario's Progressive Conservatives are choosing to stick with their leader Tim Hudak, but injected fresh new blood in the party machinery following a humbling election defeat last fall. more »
- Raptors' comeback falls short in loss to Lakers
- Kobe Bryant poured in 27 points, including a long fadeaway jumper with four seconds to play, to lift the Los Angeles Lakers to a 94-92 victory over the Toronto Raptors on Sunday. more »
- 2 Woodbridge men killed in snowmobile crash
- The OPP have confirmed that two cousins from Woodbridge, Ont., died in a snowmobile crash in cottage country. more »
- Truck driver killed in Hampstead crash mourned
- Friends and family gathered in London, Ont., on Saturday to remember the truck driver who was killed in a horrific collision involving a van full of migrant workers. more »
Top News Headlines
- Greece passes new austerity deal amid rioting
- Greek lawmakers have approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens and other cities left stores looted and burned and more than 120 people hurt. more »
- Quebec town 'heartbroken' after killing of woman, sisters
- A small Quebec town is in mourning Sunday after a Quebec man was charged with killing his nieces and his mother, who were found dead in their family home. more »
- Houston autopsy results withheld by police
- Whitney Houston was found in a hotel bathtub but it'll take weeks to determine precisely how she died, a Los Angeles coroner's official says. more »
- Musicians who died before their time
- The growing list of musicians who have died young. more »
- Ultimate Tazer Ball combines shock and soccer
- Single-car crashes leave at least 3 people hurt
- 2 Woodbridge men killed in snowmobile crash
- Toronto doctor's 'magic pill' goes viral
- Toronto zoo excited about giant pandas
- Air Canada reaches tentative deal with dispatchers
- Ontario PCs give Hudak a 2nd chance
- Health-care advocates slam Drummond report
- Toronto gets a rare taste of winter

