Menkes Developments, in partnership with Alcion Ventures, has broken ground on the Waterfront Innovation Centre, an office building on the Toronto waterfront in Canada.
The 400,000ft² complex, designed by architects Sweeny & Co, will comprise two buildings, with three distinct but interconnected components: The Exchange, The Hive, and The Nexus, that will serve as a public square and directly connect the two buildings.
The Waterfront Innovation Centre will be located in East Bayfront, adjacent to Sugar Beach, and will anchor Toronto’s innovation cluster on the eastern waterfront.
Being developed as part of the revitalisation of Toronto’s Waterfront, the complex is expected to drive economic development with the creation of nearly 3,000 jobs and also help to shape East Bayfront into a new neighbourhood where people can live, work and play.
Menkes commercial/industrial division president Peter Menkes said: “This state-of-the-art office building will establish East Bayfront as the city’s newest innovation corridor.
“We’re proud to offer a building that is purpose-built to foster innovation and collaboration, and also meet the growing demand for more adaptable work spaces.
“We are so pleased to have WPP, a global leader in communications as the building’s anchor tenant, and we’re confident that this world-class complex will continue to attract a multitude of innovative, forward-thinking companies.”
Menkes’ recent office tower projects include another waterfront office building, One York Street, in Toronto’s South Core.
The Waterfront Innovation Centre will include modern building automation controls, under-floor air distribution, direct/indirect LED lighting, a curtain-wall system, and occupancy/daylight sensors.
Floor-to-ceiling glass will ensure maximum natural light penetration and also offer spectacular views. The building will also generate power via a rooftop photovoltaic solar array.
The building has been designed with the objective of achieving the highest standards in environmental sustainability by striving for LEED Gold (v4) certification.
The Waterfront Innovation Centre is expected to be occupied in 2021.
Image: Menkes Waterfront Innovation Centre. Photo: Courtesy of Menkes Developments Ltd/CNW Group.