Southcore Financial Centre to Open in Toronto


TORONTO — A major new mixed-use complex that will feature a four-star hotel, and a series of restaurants, is set to begin construction later this year in what is becoming Toronto’s Southcore financial district.

The British Columbia Investment Management Corporation (bcIMC) announced, yesterday, July 28,  its newest development project, Southcore Financial Centre (SFC), will encompass a block in the southern part of the downtown core from York St. to Lower Simcoe St., within walking distance of King and Bay streets.

The centre will feature three distinct towers, including 18 York St., the soon-to-be constructed, 30-storey, 700,000-sq.-ft. Bremner Tower and the Delta Toronto — a next-generation, premium four-star hotel. The project will be developed by GWL Realty Advisors Inc.  

The 45-storey Delta Toronto, which will connect the two office towers of SFC, will feature views of the lake and downtown skyline with the CN Tower visible from every room.

Boasting 566 oversized guest rooms, including 24 extended-stay suites, the hotel will feature the latest in sustainable design, high-tech conference and meeting facilities, extensive fitness and spa facilities as well as wireless capability from top to bottom.

“Southcore Financial Centre will be built to reflect the changing priorities of today’s globally connected and community-focused tenants,” said Chuck Swanson, vice-president, Real Estate, bcIMC. “This project demonstrates bcIMC’s longstanding commitment to sustainable developments that benefit tenants, the local community and the environment at large.”

“When the full block is completed in 2014, this integrated mixed-use complex will encompass everything a forward-thinking downtown office tenant should value — highly efficient office premises, convenient retail and restaurant amenities and adjacent four-star hotel and conference facilities — all designed with state-of-the-art technologies and sustainable features,” said James Midwinter, executive vice-president of development for GWL Realty Advisors.

The Bremner Tower is expected to be completed by December 2013, while the new Delta Toronto is slated to open in the fall of 2014.  

Photo courtesy of British Columbia Investment Mania.


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