Hines breaks ground on third Toronto office project since start of COVID-19
Hines, the international real estate firm, has started construction on the first two buildings of T3 Sterling Road, a new mass timber creative office project. Working in partnership with Hazelview Investments, this marks Hines’ third office groundbreaking in Toronto since the pandemic started in March 2020 which combined represent an additional two million square feet of new office space. The milestone was celebrated with a small, socially distant gathering at the site, including remarks from Deputy Mayor Ana Bailão and representatives from Hines.
“The groundbreaking of T3 Sterling Road is a testament to our belief in Toronto’s office market,” says Syl Apps, senior managing director for Hines. “Hines’ strategy has always been to invest in and deliver best-in-class, amenity-forward office spaces in key neighbourhoods, including right here in the trendy and vibrant Junction Triangle of Toronto.”
T3 Sterling Road, which stands for Timber, Transit and Technology, is the second Toronto-based mass timber creative office project by Hines following T3 Bayside and the latest in a global series that uses this innovative and highly sustainable material.
“We have long since recognized the viability of Toronto’s office market and, as the city continues to grow, we believe that highly amenitized office spaces will continue to perform well in the long-term,” says Michael Tsourounis, Senior Managing Director and Co-Head of Private Real Estate Investments, Hazelview Investments. “Being part of the collaboration with Hines to bring world-class offices that set new standards in building sustainability is part of who we are. It’s an exciting day to see this project start to come to life.”
“Breaking ground on new office buildings in Toronto is always an exciting moment for the city as it demonstrates the continued growth we are seeing here and the stable creation of office space that we need to address the demand for businesses who are coming here and calling Toronto home,” says Mayor John Tory. “I want to thank Hines for investing in Toronto and for building up our city and attracting jobs. By focusing on new office space that is developed near transit we are able to build stronger communities that are set up for success. I look forward to seeing these buildings come to life and the many businesses and employees that they will attract.”
Upon completion, T3 Sterling Road will be a three-building, 415,000-sq.-ft., IMIT Grant approved, post-COVID urban campus. Partnering with The Well Living Lab, Delos and the Mayo Clinic, Hines will implement technologies that reduce the risk of respiratory virus transmission throughout the workplace while meeting the highest post-COVID health and safety standards. In addition to targeting LEED and WELL certifications, the property boasts one acre of green space and a private park co-programmed with the Museum of Contemporary Art (MOCA).
“The official start of construction at T3 Sterling Road is an important milestone for the vibrant Junction Triangle, a growing neighbourhood that is one of the most highly connected in our city,” says Deputy Mayor and City Councillor for Davenport, Ana Bailão. “The new mass timber project will sustainably contribute to the growth of this area not only through new employment and retail, but through much needed improvements to the public realm. This includes new parks and improved roadways that will make connectivity safer and more accessible for all.”
Featuring best-in-class creative office space, T3 Sterling Road targets tenants in knowledge industries such as technology, advertising, media and professional services, with high quality independent retail on the ground floors. Designed by DLR Group and incorporating biophilic principles, the common tenant amenities will include social workspaces and tenant collaboration areas; rooftop terraces; private balconies on each floor; floor-to-ceiling warehouse windows to maximize natural light; a club-quality fitness centre, bike storage and end-of-trip facilities.
T3 Sterling Road has a WiredScore Gold Certification, 5G capacity, advanced building systems and highly efficient workspace design. The development boasts a Transit Score of 100 and is within walking distance to two key TTC Bloor subway line stops, three streetcar routes, a GO Train stop, the UP Express, the West Toronto Railpath and the new Bloor-Lansdowne SmartTrack Station.