Concrete Structure Completed on Yorkville’s Newest Luxury Rental Property

Printer-Friendly »
Toronto – Buildings & Civil Construction

Two St. Thomas Tops Off

Toronto, ON (April 3, 2017) – On March 31, 2017, representatives from two of Canada's most respected real estate companies gathered to celebrate a major milestone in the creation of Yorkville’s newest purpose-built luxury rental development.
two-st-thomas-nr.jpgLeft to right: Mike Wieninger, PCL Constructors
Canada Inc. Senior Vice President and District
Manager; Paul Zemla, Bentall Kennedy President,
Investment Management and Chief Investment
Officer; and Jon Love, KingSett Capital CEO.
“Along with our valued project partners, we are honored to celebrate completion of the concrete structure that will form Two St. Thomas,” said Jon Love, KingSett Capital CEO. “This trend-setting, best-in-class sustainable development will provide the rental market with luxury living in Toronto's most sophisticated neighborhood, tailored for discriminating long-term residents renting by choice.”
Located at St. Thomas and Charles Streets in downtown Toronto, Two St. Thomas is a collaboration between Bentall Kennedy and KingSett Capital.
“In collaboration with our partner KingSett Capital, and PCL, Hariri Pontarini Architects and Cecconi Simone, we are bringing a unique product to market that we expect will set new standards for rental residential accommodation in Toronto,” said Paul Zemla, Bentall Kennedy President, Investment Management and Chief Investment Officer. “Two St. Thomas offers superb architecture and design, and the very highest level of finishes, services, and amenities. This development is one of a number of projects we are pursuing that aligns with our investment thesis in the purpose-built rental residential space and reflects what we believe is growing demand for this type of product.”
 
Two St. Thomas will be professionally managed by Bentall Kennedy Residential Services and offer a high-caliber living experience, including professional on-site staff and 24-hour concierge. Amenities include a lounge, a fitness center, and rooftop amenity space with unparalleled western views of Toronto.
Designed to achieve LEED® Silver at minimum, the $130-million 26-storey project includes 250 suites and underground parking. The architectural façade is composed of floor-to-ceiling windows with limestone features.
“PCL congratulates Bentall Kennedy and KingSett Capital on their innovative vision for the luxury rental market in Toronto,” said PCL Constructors Canada Inc. Senior Vice President and District Manager Mike Wieninger. “We are honored to share this milestone with our partners and the subcontractors, suppliers, and over 110 workers involved in bringing our clients’ vision to life.”
Building occupancy is expected late fall, 2017. An early reservation program will offer interested prospects the opportunity to select their preferred floor plans and suites. A Leasing Gallery will launch in July 2017 on the ground floor of the building to invite potential residents to experience the buildings’ quality and finishings, including custom cabinetry with quartz countertops, premium appliances, and spacious closets.
For more information, visit: www.twostthomas.com.

ABOUT BENTALL KENNEDY

B​entall Kennedy, a Sun Life Investment Management company, is one of the largest global real estate investment advisors and one of North America's foremost providers of real estate services. Bentall Kennedy, which is comprised of Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) Limited Partnership and the real estate and mortgage operations of certain​ of their affiliates, serves the interests of more than 550 institutional clients with expertise in office, retail, industrial and multi-residential assets throughout Canada and the U.S.  Bentall Kennedy has approximately $46 billion (CND) of assets under management for its investment management clients.  It is one of the largest Real Estate Services providers in Canada, managing 58 million square feet on behalf of third-party and investment management clients (as of December 31, 2016). For more information, visit www.bentallkennedy.com.​

ABOUT KINGSETT CAPITAL

Kin​gSett Capital is Canada's leading private equity real estate investment business, co-investing with institutional and high net worth individuals, using active management to deliver premium risk weighted returns. KingSett invests through its Growth, Income and Mortgage funds and owns interests in assets worth over $8 billion. For more information, visit www.kingsettcapital.com.

ABOUT PCL CONSTRUCTORS CANADA INC. (TORONTO)

PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean, and in Australia. These diverse operations in infrastructure, heavy industrial, and buildi​ngs markets are supported by a strategic presence in 31 major centres. Backed by PCL’s 111-year legacy, and with more than four decades of experience in Southwestern Ontario’s dynamic construction market, the Toronto office is PCL’s largest district with more than 550 of the construction industry’s most-talented professionals and an annual construction volume of more than $1.0B. For more information, visit: www.pcl.com/toronto.

For media inquiries, or high-resolution photos, please contact:

Liisa Morley
Communications Specialist
PCL Constructors Canada Inc. (Toronto)                                                                                                                
647-406-4851
lmorley@pcl.com

​​​​