On January 11, we had the pleasure of attending the official groundbreaking ceremony of the new LCBO head office tower at 100 Queens Quay East, which is being developed through a partnership between Menkes, Greystone, and Triovest.
The new LCBO head office tower is the first phase of Menkes’ master-planned Sugar Wharf community, which will be the largest mixed-use community on Toronto’s waterfront.
When the 11.5 acre Sugar Wharf is complete, it will feature retail, commercial, and residential space, plus a new two-acre park and a new public elementary school.
“Our goal with Sugar Wharf is to create a multi-dimensional, self-sufficient, 24/7 community that meets the diverse needs of the future population who will work, live and play here,” says Alan Menkes, President of the High-Rise Residential Division of Menkes. “Toronto has a thriving downtown and people want to live here. We are seeing increasing demand for condominiums from all segments of the market, from first-time buyers, to families with children, to empty nesters.”
Located on the northeast corner of Queens Quay East and Freeland St., Sugar Wharf is one block from Yonge St., putting Toronto’s Financial District within walking distance. The neighbouring Distillery District and St. Lawrence Market are also steps away.
The new office tower will rise 25 storeys and offer 690,000 square feet of office space, 33% of which will be occupied by the LCBO. The B+H Architects designed tower is seeking LEED Platinum certification.
There will be 300,000 square feet of multi-level retail at Sugar Wharf, including an LCBO retail store and a grocery store. For the residential aspect, there will be five condo towers ranging from 64 to 90 storeys, as well as a mid-rise rental building.
“This development represents confidence in our city. I want to thank Menkes and partners for helping reimagine Toronto and build up the city,” says Toronto Mayor John Tory. “Dynamic developments like this make Toronto attractive for jobs and investment and reaffirms why we’re the best place in the world to live, work, play and invest.”
When complete, there will be 4,000 to 4,500 people working in Sugar Wharf and 7,000 to 8,000 residents! And that’s why Menkes says this is the largest mixed-use community on Toronto’s waterfront. Another exciting fact is that every building will connect to Toronto’s underground PATH system.
“Job growth in the corporate office sector is driving healthy demand for new, high-quality office space in downtown Toronto,” says Peter Menkes, President of the Commercial / Industrial Division of Menkes. “Over the past decade, we have seen companies move back into the core, where the combination of amenities and proximity to the Union Station transit hub allows them to attract and retain top talent.”
Now that Phase 1 is underway, we can’t wait to receive details about the first condo at Sugar Wharf!