As reported by the
Toronto Star, Toronto's newest office, the $250-million 30-storey Telus House, officially opened last week. Located at the foot of York St., the new tower combines office space with quality of life amenities ranging a gourmet kitchen to rooftop garden patios to a prayer room. The project of developer Peter Menkes and Healthcare of Ontario Pension Plan and Menkes Development, Telus house has already leased more than half the building.
"When Peter Menkes purchased a plot of land five years ago on former railroad lands in downtown Toronto, it was a gamble. He envisioned an office development beside Union Station. But the centre of the financial universe remained on Bay Street, in the city's core. Attracting tenants to the waterfront was a risky move."
"It was, he said in an interview, "a leap of faith." The gamble paid off."
"They thought it was a little crazy, because no one was building anything back then," Menkes said in the futuristic open concept lobby of his largest tenant, telecommunications company Telus. The company has leased 460,000 square feet, more than half the building."
"The new building is a "spaceship" compared with the staid bricks and mortar of traditional office buildings in Toronto, said Menkes. As befitting a building housing a telecom company, the building is as sleek as an iPad and bursting with technology."
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Toronto Star