[UrbanAffair]

I didn't realize the plan had a 57th floor terrace - one that will actually be used, unlike TD Terrace.

Does anyone want to have a friendly bet? (If you're an insider at Oxford, please recuse yourself.)
I am going to make a friendly bet that this has an anchor by April, and starts by September '26. Possibly too bold I realize, but that's what the tea leaves suggest to me for trophy space.

 

[BermudaTO37]

looks like theres a video now:

Oxford Properties launches The HUB at 30 Bay St in Toronto | Oxford Properties Group posted on the topic | LinkedIn

Oxford Properties is now pre-leasing The HUB at 30 Bay St. — a Class AAA, Zero Carbon designed workplace in Toronto, shaped in collaboration with Rogers Stirk Harbour + Partners. With digitally controlled environments, column-free floorplates, and hospitality-led programming across expansive...

www.linkedin.com

Chatted with someone and so far what I was told is that they have commitments for 400k out of the 1.5 million. If they can secure it, construction starts in 6 months to a year.

 

[travis3000]

Chatted with someone and so far what I was told is that they have commitments for 400k out of the 1.5 million. If they can secure it, construction starts in 6 months to a year.

They still need that anchor and they are marketing hard for it.

 

[Mercenary]

They still need that anchor and they are marketing hard for it.

Maybe Rogers?

 

[UrbanAffair]

I think it would be a bank, with their more aggressive back to office protocols.
Does Rogers need more space than their Jarvis/Mt. Pleasant site?

 

[innsertnamehere]

Rogers is doing soil testing, potentially for redevelopment, at Mt Pleasant so may be looking for new space to replace it and may want to shift to a more central Union-adjacent location.

I too suspect it will be a bank though that ultimately anchors this.

 

[ciceror]

I'm thinking Ernst & Young might be a strong candidate to anchor this - at least partially, they have shown that they are very interested in increasing their office space, and they are beginning to outgrow their current location, a building that won't be finished until the 2030s might be a good investment for their future

 

[travis3000]

I think it would be a bank, with their more aggressive back to office protocols.
Does Rogers need more space than their Jarvis/Mt. Pleasant site?

1.5 million available. 400K already taken. That leaves 1.1 million left. They will give anchor rights to someone who commits to take 900k to 1 million of that remaining space. The question is...who could justify gobbling up that level of square footage. This tower could be ready for tenant move in for late 2030 if they got the go ahead in the next few months.

I would have to guess a bank will likely take it. RBC being the most likely. I don't know enough about E&Y and their situation but Oxford is the landlord for their current newish tower (EY Tower) so I can't see them wanting to move so quickly. And I don't think Rogers needs 900K+ of space.

 

[innsertnamehere]

1.5 million available. 400K already taken. That leaves 1.1 million left. They will give anchor rights to someone who commits to take 900k to 1 million of that remaining space. The question is...who could justify gobbling up that level of square footage. This tower could be ready for tenant move in for late 2030 if they got the go ahead in the next few months.

I would have to guess a bank will likely take it. RBC being the most likely. I don't know enough about E&Y and their situation but Oxford is the landlord for their current newish tower (EY Tower) so I can't see them wanting to move so quickly. And I don't think Rogers needs 900K+ of space.

Pretty sure 1 Mount Pleasant is pretty close to 1,000,000. It’s a deceivingly huge building because of its floor plate.

That said I would be surprised if it’s rogers as they would need a lot of specialty media related spaces that this doesn’t offer, and they own 1 Mount Pleasant, I can’t see them going to a leased space.

It’ll probably be a bank.

 

[Spooderman]

Anyone else waiting for 191 bay to start construction

 

[MoshiMoshiii]

From a veeeeery safe source, they didn’t lock a tenant or at least not big enough and they are still looking for one

 

[UtakataNoAnnex]

…not surprising if this is the case.

 

[Dreambig1]

Hey everyone, first-time poster, but have been a long-time visitor to Urban Toronto. For quite a while, I have always envisioned Toronto like other Canadian Cities, having Tall buildings in their downtowns with signage at the top of them for all the major banks, the top 5: CIBC, TD, BMO, RBC. Scotia Bank, the top 3 Telecommunications firms, Bell, Rogers, and Telus, the top 4 major insurance companies, Manulife, SunLife, Canada Life, and Desjardins, and the top 4 accounting firms, PWC, Deloitte, EY, and KPMG. Along with all these, I also wouldn't mind seeing a tower with the signage for MNP, IA Financial Group, National Bank Financial, Laurentian Bank of Canada, Toronto Star, and the Toronto Sun. I noticed Toronto has relatively large towers that have at least 2 signage for each of the 5 major banks, with the exception og BMO. My dream would be to see BMO have a second large tower with signage on it to add to FCP.

 

[ProjectEnd]

From a veeeeery safe source, they didn’t lock a tenant or at least not big enough and they are still looking for one

…not surprising if this is the case.

OMERS themselves have earmarked 500k here, hence the pot getting stirred. There is no outside lease at this time and the 900k hole remains, though there are interested parties.