Outside the box thinking for commercial real estate. Maybe that should be my new tag line…
Check out this video our team put together for the new Mozilla Offices! I love showing off the projects and clients I have worked with. This one in particular was a real group effort, a kick ass deal with an amazing client and amazing space.
What do you think – we would love your input!
The triangular five-storey red-brick building, with a trompe l’oeil mural on the side, went on the market Tuesday, with formal bids due on Oct. 27 to Brookfield Financial Real Estate Group, which is overseeing the sale.
“It’s the ideal time,” said Eve Lewis, president and CEO of Woodcliffe Landmark Properties, noting that for the first time in almost a century, no ongoing leases mean a single owner or tenant could occupy the entire office space, close to 20,000 square feet.
Only the bar Flatiron & Firkin remains with a lease until the end of 2015.
Sitting at an unusual corner where Front, Wellington and Church Sts. meet, the building has often been photographed with Toronto’s bank towers in the background.
Lewis recently took over the helm of Woodcliffe after her husband Paul Oberman, a heritage developer, died in a small plane crash in March in Maine. He was flying with another man in a four-seater plane when they ran into an ice storm.
Lewis is also president of MarketVision, a condo marketing firm.
Oberman specialized in developing heritage properties including renovating the old North Toronto train station, which now houses the Summerhill LCBO. He painstakingly worked on the Flatiron building, also known as the Gooderham building, which dates back to 1892.
“I think it has always had an incredible appeal because of its iconic nature, because of the history of the building, because of the uniqueness of it,” Lewis said. “The market is very good for real estate in Toronto, period. But for commercial, it’s really exceptional.”
But Lewis isn’t saying what the property is worth, arguing that traditional formulas calculating square footage don’t necessarily apply, given the uniqueness of the building, especially now that it’s been renovated.
“To tell you the truth, I guess we’ll find out on the 27th what its value is,” she said, adding it’s always gone for a premium. She said commercial lease rates are comparable to the “triple A” rates of the bank towers.
“I think it’s because people can create an identity in that building that you can’t if you’re just on one of the floors of one of the bank towers,” she said, adding companies want something that’s different.
According to property records, the building sold in 1999 for $2.2 million and again in 2005, when Woodcliffe purchased it for $10.1 million.
Built for George Gooderham, then president of the Bank of Toronto and owner of Gooderham and Worts distillery, it even included an underground tunnel to the bank.
It also houses a manually operated Otis elevator that is still staffed to this day, to move passengers up and down the floors.
The original staircase wraps around the elevator, with large windows offering unique views. Many heritage buildings in Toronto were knocked down in the 1950s, 1960s and 1970s, but though the Flatiron fell into disrepair over the years, it was also preserved and renovated, most recently by Oberman.
“Paul always wanted to preserve historic buildings. He found a way of making those buildings in itself profitable instead of ripping them down,” she said, citing an ongoing project on Market St., where four buildings are being saved, instead of a new condo building going up.
In August, architect Michael Taylor argued for Market St., on the west side of the St. Lawrence Market, to be renamed Oberman Way. An online petition was set up.
Lewis has taken the Woodcliffe job in part to continue Oberman’s legacy with the help of their six children, who range in age from 20 to 26. They are committed to finding beautiful buildings to restore.
“Life is busy. It’s challenging, but it’s also distracting, and that’s probably good,” she said. “Life is different, very different without Paul.”
Putting the Flatiron up for sale was a tough.
“Of course, it’s a difficult decision to make,” she said. “But I think it’s the right one.”
Video is finally cheap enough to produce to go mainstream Internet. I’ve always thought video, not pictures, best show off a vacancy or clients office space. That got me to thinking, why not use video to help a client leverage their brand by showing off their office space and corporate culture at the same time. One of my clients thought it was a great idea too.
Below is what I consider a relatively easy, cool and engaging way to deliver your brand identity to thousands of potential clients and staff.
Would you like to be featured on OfficeSearchToronto.com and ColliersCanada.com? Would you like a video like this produced featuring your companies culture and corporate brand? Do you have the coolest office space in Toronto and want to show it off!? Reach out and let’s discuss next steps.
Colliers Canada Thoughts:
Say goodbye to the corner office. Employers are shaking up office traditions, putting employees first as they consider where they’ll move next. Welcome your new neighbour – your boss, who is giving up their office, opting for collaboration over closed doors. More business leaders are considering the implications of where they’ll move next, understanding its impact on company culture and brand image.
Great companies need great spaces and tech brands aren’t the only companies wanting open-plan work environments. Stuffy workplaces are a thing of the past and companies are seeing the value in choosing office space that reflects their brand personality. Whether it’s a slide, a beer fridge, an abundance of white boards for brainstorming or foosball tables, brands are creating a second home for their staff, who often spend more time there than anywhere else.
Check out Trendhunter, a Toronto-based company and client of Colliers International and Toronto broker Chris Fyvie’s featuring founder and Chief Trend Hunter Jeremy Gutsche.
I have just launched a new website to help both tenant’s and landlord’s market their office space for lease. The site will focus on marketing efforts through social media and internet pay per click ad’s. Have a look, report any bugs, let me know what you think!
The demand for small office space with flexible lease terms has never been so high in the Greater Toronto Area. Until now, an entrepreneur would have to scour the internet classifieds or hope to stumble upon the right website… Well, here it is!
OfficeZilla.ca is your one stop shop for Commercial Real Estate (CRE) in the GTA. We have office space listings from 1,000 to more than 30,000 square feet. With short and long term leases as well as shared office space and sub-leasing opportunities, we have it all. Search by region, size or price to find the perfect fit for you!
As a landlord or agent, you’ll be able to post a listing catered to your target market. With the option to choose pictures and description, the sky is the limit.
Google has new offices in London. They have always been known for extremely cool offices, whenever Google opens up a new location it always grabs attention. And why wouldn’t it – with free food, funky design, fun features and an open layout Google has established a reputation as one of the best places to work in the world.
We recently finished a deal with Mozilla Canada to lease their new head office space in Toronto. Check out some pre-construction pictures. This place is going to be SWEET!
Want to lease space in the building? Call us at 416-643-3713 or E-mail Us Here
It’s not a very popular channel yet but they have the right idea!
Original Article with Pictures By Susan O’Neill
Here’s a look at 10 new venues scheduled to open in the coming months.
1. The 267-room Ritz-Carlton Toronto—a $300 million, 53-storey hotel and residence on Wellington Street across from Roy Thomson Hall—is set to open in early February. A five-storey podium at the tower’s base houses 20,000 square feet of conference and event facilities, including two ballrooms with 7,500 and 3,000 square feet apiece, each with wall-to-wall, floor-to-ceiling windows. Also on site: a restaurant from Chef Tom Brodi, a 23,000-square-foot urban sanctuary with a yoga and Pilates studio, an indoor pool, and a spa and salon with 16 treatment rooms, including two executive suites.
2. Donald Trump is building his first Canadian project, the Trump International Hotel & Tower, at Bay and Adelaide streets in the city’s financial district. The 60-storey property will include 261 hotel suites, a full-service spa, a conference centre, and a restaurant on the 30th floor. The hotel’s 12,000 square feet of event space will include a grand ballroom and grand salon. A champagne and caviar bar will be in the lobby. The hotel is slated to open in the spring.
3. Next to Maple Leaf Gardens, the Holiday Inn Toronto Downtown Centre is set to open in February after an $18 million renovation. The property, which formerly operated as the Days Inn Carlton, has 514 rooms and more than 9,000 square feet of meeting space spread over nine function rooms, the largest of which holds as many as 130. Meeting spaces, including three dedicated boardrooms, are equipped with ergonomic seating, audiovisual equipment, and Wi-Fi. The hotel also has a spa, a coffee shop, and two options for dining: the Carlton Restaurant, which serves bistro-style cuisine, and Thirty Bar & Lounge.
4. The Scotiabank Convention Centre is scheduled to open in Niagara Falls in April. The centre will be about 500 yards from the Canadian Horseshoe Falls in the Fallsview Tourist District. The 288,000-square-foot building will house an 80,000-square-foot free-span exhibition hall, a 17,000-square-foot ballroom, 26,500 square feet of meeting and breakout space, and a 1,000-seat theatre.
5. Oliver & Bonacini’s flagship restaurant, Canoe—on the 54th floor of the TD Bank Tower—will reopen at the end of January following a monthlong renovation. Designer Lindsey Anacleto of Anacleto Design is creating a new look for the space, which originally opened 14 years ago. Upgrades will include polished concrete floors and the addition of a soapstone bar, walnut tabletops, metal wall installations, and rustic chandeliers. Canoe has two private dining rooms that hold 60 when combined. The restaurant seats 140 and holds 250 for receptions.
6. Charles Khabouth, C.E.O. of INK Entertainment, is preparing to open an authentic French bistro in the Colonnade, a heritage building on Bloor Street, in May. The traditional brasserie, being designed by Munge Leung, will include a 7,000-square-foot dining room and two 1,000-square-foot patios—one on the second floor and the other at street level, just outside the Cartier windows. The restaurant, which is yet to be named, will hold 400 people total, and a semiprivate dining area will accommodate groups of as many as 26.
7. Chef Tom Brodi will helm the kitchen at Toca, the flagship restaurant set to open in the new Ritz-Carlton in February. The restaurant’s Canadian menu will focus on homegrown, naturally raised, and fresh-caught ingredients. The venue will have a contemporary design with natural materials and a earth-tone colour scheme. The restaurant will have an open-concept kitchen, a walk-through pastry corridor, a glass-encased cheese cave, and a glazed-brick interior. Toca will hold 120, with a private dining area for groups of 12. A chef’s table will seat eight.
8. Elena Morelli and Guido Alberto Saldini, the owners of the Queen West restaurant, Noce, are preparing to open Aria—a 3,300-square-foot restaurant with 30-foot ceilings in the base of the new Telus Tower at 25 York Street (adjacent to Maple Leaf Square). Stephen Pile Architect Inc. is designing the venue, which will offer contemporary Italian cuisine. The dining room and lounge will seat about 109. A terrace will hold 60. Aria is set to open in mid-February.
9. Domenic and Jack Scarangella, the brothers behind Mercatto, are preparing to open their fourth location in the Toronto Eaton Centre in February. The restaurant, called Trattoria Mercatto, is taking over the space formerly occupied by the City Grill. The space, being designed by Munge Leung, will hold about 165. A semiprivate room will hold 24, and a patio will seat about 110 during the warmer months. The menu, created by executive chef is Robert Rossi, will feature regional Italian dishes.
10. Victor Restaurant and Lounge at Hotel Le Germain on Mercer is scheduled to undergo renovations in January. The bar will have a greater prominence, facing the window wall overlooking Mercer Street; a semiprivate dining area—distinguished by a newly installed peacock window—will occupy the bar’s former domain and will hold as many as 40. Chef David Chrystian’s new menu will showcase dishes that correspond to local neighbourhoods with shared plates offering Greek and Indian flavours. The restaurant holds 50 and will continue to be available for buyout.
I am currently working with a larger technology company looking for approximately 10,000 sf. If you have any cool options close to public transportation (TTC) let me know. We recently finished a study on the various locations of larger technology and web companies across tomorrow. Although you can find “tech areas” like Liberty Village, Spadina and King, and the Distillery District most company choose locations all over the GTA. Why is this – I’m not sure? Yet…
Would you like your notable company of 50 or more employees to be added to this list or a better quality version – email us here!!
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