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.
Left 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.”
“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.
ABOUT BENTALL KENNEDY
Bentall 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
KingSett 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 buildings 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