Our sister site UrbanToronto.ca covered a new proposal for a major office tower in the city's Financial District, set to rise 64 storeys, or the exact height of Canada's tallest building at the nearby BMO Tower at First Canadian Place.

Looking northeast to Commerce Court III, image by Hariri Pontarini Architects

The QuadReal Property Group, a new company owned by bcIMC which consolidates "the assets and expertise of four seasoned players in the Canadian real estate investment and management industry", is proposing to tear down two shorter buildings at Commerce Court in the heart of Downtown Toronto, and replace them with a 64-storey tower the exact height of the nearby BMO Tower at First Canadian Place. The two buildings would share the title of Toronto's tallest office building.

The Commerce Court 3 project includes a new glass walled pavilion running along Wellington Street, a height extension to and reworking of the Hotel Victoria building at 56 Yonge Street, and new vestibules connecting the pavilion to Commerce Court West, and a second one connecting Commerce Court West to Commerce Court North which would replace the Zeidler-designed vestibule there now.

You can find the rest of this story on our sister site, UrbanToronto.ca.