An interesting article by Katia Dmitrieva that highlights the shift in Toronto’s office construction focus from remodeling historic buildings to building new spaces with modern perks: a new office-construction boom.
Allied Properties REIT has decided to take advantage of the exodus from older downtown office towers to more modern spaces. The REIT is currently leasing/marketing three major projects. Allied’s, the Well, is a $1.4 billion project in the west-end of Toronto; it will be 3.1 million square feet of residential, office and retail space surrounded by restaurants and condominiums.
Read more here: https://goo.gl/NYNPcr