Carttera is pleased to announce two of our developments have been nominated as finalists for Naiop’s REX Awards: 65 King East for Office Lease of the Year and 1672 Tricont Avenue for Industrial Lease of the Year. A huge thank you to the project teams: Glenn Piotrowski Architects, CBRE Canada, IBI Group, WZMH Architects & PCL Construction!
Carttera is pleased to announce the acquisition of 240 Markland Drive, Etobicoke, an existing 10-storey, 113 unit residential apartment building situated on a 3.25 acre site, which is LPAT-approved for the development of an additional 190,000 square feet of residential.
Carttera is pleased to announce two of our developments have been nominated as finalists for Naiop’s REX Awards: 65 King East for Office Lease of the Year and 1672 Tricont Avenue for Industrial Lease of the Year. A huge thank you to the project teams: Glenn Piotrowski Architects, CBRE Canada, IBI Group, WZMH Architects, PCL Construction
How do cranes rise as construction elevates from floor to floor? To answer this question, we recently captured the north crane at Carttera’s 65 King East rising from parking level 4. Watch and learn!
So Now You Know Video Series #3: The Rise Of Construction Cranes
Carttera is pleased to announce the acquisition of a majority ownership stake and controlling interest in 530 Front Street West, Toronto, currently known as Portland Commons. This latest 530,000 sf office development adds to Carttera’s ambitious vision: to create workspaces designed to attract forward-thinking organizations.
At the intersection of Front Street West and Portland Street will emerge a new 530,000 sf innovative office building designed with a focus on technology, wellness and sustainability. Opportunities are available to customize tenant’s experiences with private lobbies, corporate branding and dedicated elevators: all designed to enhance today’s organizational needs. Portland Commons’ unique floor plates create channels to foster collaboration, productivity, health and employee wellness. And for a truly bespoke impression, multiple private terraces elevate employee and client experiences, while enhancing the overall corporate brand.
“Building on our recent successful leasing transaction with Google at 65 King Street East, we are thrilled to announce another downtown Toronto acquisition at 530 Front Street West.” said Dean Cutting, Partner, Carttera. “Planning approvals are in place, meaning speculative construction will commence this summer, allowing for tenant occupancy in 2023.”
In collaboration with architects from Sweeny & Co., Carttera will transform the corner of Front Street West and Portland Street into an innovative workspace environment. Portland Commons features:
Portland Commons will bring a fresh development to the King West neighbourhood, while embracing everything this community has to offer including world-class restaurants, coffee shops and boutique retail. Portland Common’s courtyards and terraces, along with surrounding parks, provide ample outdoor green space environments for tenants. Centrally located near the financial, entertainment and waterfront districts with immediate transit and highway access, Portland Commons seeks to amplify the bustling everyday life of organizations in this fast-growing community.
Construction begins in Summer 2020, with occupancy beginning Summer 2023.
Watch Carttera’s Founding Partner, Jim Tadeson, explain the origin of Carttera’s name, including a question we often get about its spelling.
So Now You Know video series #2: The Origin of Carttera
Carttera announces a major, long-term, downtown Toronto office leasing transaction at 65 King East, which will be home to Google, occupying 400,000 sf of office space across 18 floors in Toronto’s newest, next-generation office development.
“We are extremely pleased to announce that 100% of the office floors of 65 King East are now leased to Google: one of the most prominent, influential and well-recognized companies in the world. Our vision for 65 King East has always been to combine innovative office architecture and an employee-centric workplace design with a dynamic, forward-thinking organization. Google truly recognizes how 65 King East promotes sustainability, employee wellness, collaboration, productivity and health,” said Dean Cutting, Partner, Carttera. “The fact that Google made a long-term commitment to our project is a testament that we are leading the future of innovative office design. We look forward to a long-term collaborative relationship with Google for many years to come.”
65 King East is owned by Carttera in conjunction with institutional co-investors: OPTrust, Manitoba Civil Service Superannuation Board and Investment Management Corporation of Ontario, which will be the long-term holders of the asset. The development’s design is a collaboration between world-renowned architects IBI Group and WZMH Architects. 65 King East is currently being built by PCL Construction. Google’s tenancy is a consolidation and relocation of offices in the Greater Toronto Area, with occupancy expected in 2021.
“Carttera built 65 King East with next-generation tenants and an evolving downtown core in mind,” said Jeff Friedman, Executive Vice President Office Leasing, CBRE. “Google’s decision to make 65 King East its new Toronto headquarters underscores the degree to which Toronto’s downtown core continues to expand. This is a significant statement of confidence in Toronto’s tech market and talent pool.”
Together with the efforts of CBRE, this significant transaction is a great match for the growing downtown core, bringing innovation and tech giants into the fold of Toronto’s tight office real estate market. With proximity to the TTC and Union Station, this office building also features over 18,000 sf of outdoor terraces, 196 bike stalls and 10,675 sf of retail space, while also incorporating smart building technologies and sustainability. With Wired Score Gold already accomplished, 65 King East has been designed to achieve LEED Gold certification.
About 65 King East
Located in the vibrant St. Lawrence neighbourhood, 65 King East is steps from the financial core at King & Yonge, and is less than a 10-minute walk to Union Station with seamless connections to the TTC, Go Transit, Via Rail and the UP Express. 65 King East has dedicated approximately 18,000 sf of terrace space over eight floors, offering expansive views of the city and lake, and is designed with a raised floor HVAC system and exposed concrete ceilings. www.65kingeast.com
About Carttera
Carttera is a Canadian real estate investment fund manager and developer. The firm invests its capital in innovative urban intensification development projects and is a leader in environmental sustainability in the Canadian development industry. Carttera’s strength lies in its track record of success in originating, structuring and executing complex development projects. Carttera has developed projects extending to over $3.3 billion in total value since its inception in 2005, with primary holdings concentrated in the GTA and Montreal. The firm’s projects include a wide range of product types including office, mixed-use, industrial, condominiums and rental apartments. www.carttera.com
About CBRE
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. In Canada, CBRE Limited employs 2,200 people in 22 locations from coast to coast. www.cbre.ca
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Recently UrbanToronto selected Sixty Colborne as one of the top 15 most influential buildings of the 2010’s.
Carttera welcomes Innovapost to 2727 Meadowpine Boulevard in Mississauga. Innovapost recently leased 20,000 sf on the third floor.
Thank you to Craig Trenholm from Cushman & Wakefield for his partnership in this successful transaction.