Cadillac Fairview Announces $110 Million Investment in Toronto-Dominion Centre's 77 King West
TORONTO, ONTARIO--(Marketwire - May 17, 2010) -
The Cadillac Fairview Corporation Limited is proud to announce the launch of its
77 King Street West revitalization, to further enhance one of its flagship office and retail properties in Toronto, originally built in 1969.
The 46-storey tower is part of the company's
$110 million investment in the Toronto-Dominion (TD) Centre complex, consisting of five iconic black towers in the heart of the financial district, and one of Toronto's most prestigious downtown business addresses.
The first stages of this multi-year revitalization project will enhance the property and tenant comfort while at the same time maintaining the integrity and style of the original building designed by world-renowned architect Ludwig Mies van der Rohe. The TD Centre was downtown Toronto's first major office development and to this day, remains the largest office complex in Canada, home to many of the country's premier businesses, and foreign multinationals, in addition to being the global head quarters of TD Bank Financial Group.
"I am really excited about this initiative, as it enhances the timeless modern design that is the Toronto Dominion Centre" said Steven Sorensen, Vice President, Property Management for Cadillac Fairview. He adds, "We are looking to make the building even more exciting and inviting for some of Canada's elite to conduct their business."
A major aspect of the project that demonstrates this commitment is the replacement of all 5,676 windows, beginning with the removal of single glass window panes, and replacing them with thermal double panes and a new innovative roller shade system. The new windows and shades will enhance energy efficiency by keeping the building better insulated and will be tinted bronze to ensure consistency with the original architectural design. Given the architectural and historical significance of the property, the revitalization will ensure the careful restoration and replacement of existing finishes and materials to remain true to Mies Van der Rohe's original vision.
This latest investment in TD Centre is consistent with the property's pursuit of LEED (Leadership in Energy and Environmental Design) Gold Certification for Existing Buildings, which it expects to achieve early this summer. For more information, please visit us at
www.cadillacfairview.com.
