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City of Toronto Signature Sites Collection 2013 Edition Commercial – Buildings City of Toronto Signature Sites Collection 2013 Edition Commercial – Buildings
661 University Avenue
Toronto, MaRS Centre Phase 2, Lab and Office Space for Lease
250 Yonge Street
Toronto, Commercial Office Space for Lease
Comments
The MaRS Centre is in the heart
of downtown Toronto’s Discovery
District. Every day, over 2,300 people
from the communities of science,
business and capital come to work at
the 750,000 square foot MaRS Centre
Phase 1. At 20 storeys/780,000 square
feet, the MaRS Centre Phase 2 will
double the size of the centre, making
it one of the world’s largest science,
technology and research destinations.
Direct connections to the Queen’s Park
subway station, streetcar and Toronto
General Hospital.
Closest Major Intersection
University Avenue and College Street
Property Type
Lab and office space for lease in Phase
2 building under construction
Total Site Area (Acres)
1.8
Frontage (ft.)
148
Sq. Ft. Available
27,398 - 41,703 per floor (rentable)
Asking Price
$30 per square foot net years 1-5.
$33 per square foot net years 6-10.
Additional costs (2013 estimates)
$22.70 psf.
Planning Status
Official Plan*: Institutional Areas
& Open Space
Zoning*: Q T3.0 (Institutional)
City Ward: 27
*Note: Official Plan and Zoning excludes
numbered policies and exceptions and is
for general information only.
Owner
MaRS Phase 2 Inc.
Contact Information
Owner’s Representative
Rob Stewart, Senior Leasing Manager
Tel: 416-673-8122, 647-273-0326 (cell)
rstewart@marsdd.com
www.marsdd.com/facilities/officefacilities/phase2/
City of Toronto,
Economic Development
Catherine Cieply
Tel: 416-395-7472
ccieply@toronto.ca
Comments
1.9 million square feet of modern
office space situated atop one of
Canada’s most celebrated urban
malls. Four modern properties
provide companies with a variety of
options to fit their needs. Two subway
connections provide office tenants
with excellent transit access. Two
multi-level parkades conveniently
accessible off Yonge and Bay Streets
with monthly and hourly parking
available. Access to numerous food
and shopping options with over 250
shops and restaurants.
Closest Major Intersection
Yonge Street and Queen Street and
Dundas Street
Property Type
Commercial office space for lease
Sq. Ft. Available
209,394 total
Largest contiguous blocks – High Rise:
127,186 square feet, Low Rise: 56,422
square feet
Asking Price
$21.50 per square foot net asking rate,
$22.62 additional rent (2013)
Planning Status
Official Plan*: Mixed Use Areas
Zoning*: CR T7.8 C4.5 R7.8 -
Commercial-Residential
City Ward: 27
*Note: Official Plan and Zoning excludes
numbered policies and exceptions and is
for general information only.
Owner
Cadillac Fairview Corporation
Contact Information
Owner’s Representative
Lawrence Barrett, Director of
Office Leasing, Toronto Eaton Centre,
Cadillac Fairview
Tel: 416-598-8442
lawrence.barrett@cadillacfairview.com
www.tectowers.com/en/
leasing/250Yonge/Pages/
BuildingOverview.aspx
City of Toronto,
Economic Development
Catherine Cieply
Tel: 416-395-7472
Email: ccieply@toronto.ca
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