A growing number of TORONTO companies are cutting back on suburban office construction, and regrouping in the city’s expanding urban core. Says David Gerofsky, president of FirstGulf Development Corporation: “The biggest reason by far is the ability to find young talent and to retain employees. It’s related to the fact people aren’t happy with the long commute. Young professionals want to live downtown because it’s an exciting and vibrant place.”
QUOTES OPPOSITE - Blake Hutcheson, president of Oxford Properties
The big move began with telecommunications giant, Telus. Their 30-storey building, just south of Union Station, holds 1600 people, consolidated from 15 offices across the Greater Toronto Area. The Royal Bank of Canada Centre is a few blocks over on Wellington Street West. SNC-Lavalin set up shop on King Street East, near the new Coca-Cola headquarters (with 400 employees). Coke checked out 50 locations across the GTA before settling on the Downtown East Side.
A Peter Dickinson 50′s modernist box at 111 Richmond Street West, is being totally renovated into Google Canada’s headquarters. Oxford Properties is spending more than $100 million to rebuild the adjacent Richmond-Adelaide Centre. Blake Hutcheson, president of Oxford Properties says “We are huge believers and huge bettors on the core becoming more and more prominent.”
PHOTOS BELOW - 1, 2) Google Canada Headquarters, 111 Richmond Street West 2) Telus Headquarters 3,4) Corus Entertainment, waterfront, photo - Richard Johnson 5) Royal Bank of Canada Centre, Wellington Street West













































