Construction started on the first two buildings at T3 Sterling Road in June. Upon completion, it will be a three-building, 415,000-square-foot urban campus west of the downtown core. The first two buildings are expected to be occupied and operational in 2023.
“Depending on the velocity of lease-up and interest in the market, we will make the decision on when the most appropriate time is to commence construction of the third building,” said Tsourounis.
“Hines has taken the lead as the developer with the city. We’re more of an equity partner, but we view it as potentially a very long-term asset for us to continue to hold in partnership with Hines.”
The DLR Group-designed project 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 fitness centre; bicycle storage; and end-of-trip facilities.
T3 Sterling Road 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 will have one acre of green space and a private park co-programmed with the nearby Museum of Contemporary Art.
T3 Sterling Road has a WiredScore Gold certification and will include 5G capacity and advanced building systems.
While no space has been pre-leased to this point, Cushman & Wakefield has been retained and is talking to potential tenants. T3 Sterling Road is targeting knowledge industries such as technology, advertising, media and professional services, with independent retail on the ground floors.