Following a competitive process, Aecon Group Inc. announced today that its Buildings Division has secured a contract with an estimated value of $100 million from the Toronto Economic Development Corporation (TEDCO) to build the Corus Entertainment office building and broadcast centre on Toronto’s waterfront.
The contract involves the construction of an approximately 500,000 square foot office building, including 70,000 square-feet of underground garage parking. With input from the City of Toronto, Corus Entertainment and Waterfront Toronto, the building will kick start revitalization of the area south of Queen’s Quay Blvd. near the Jarvis Street slip.
Once completed, it will serve as Corus Entertainment’s Toronto headquarters, housing approximately 1300 knowledge workers in the media and entertainment sector, and will be a landmark building on Toronto’s waterfront. This project is the first commercial development along the East Bay Front area and is the first step in the city’s efforts to bring new development and employment to Toronto’s central waterfront.
The building will achieve gold-certification for Leadership in Energy and Environmental Design (LEED), marking the ninth LEED project for Aecon. Work on the project is scheduled to begin this month and is expected to be completed in August of 2009.
"Given the significance of this building for the development of Toronto’s waterfront, we are especially pleased to be a part of it," said Robert McDonald, President, Aecon Buildings. "We look forward to working with the Toronto Economic Development Corporation on this landmark project."