Toronto reigns supreme in North American construction | Dump Trucks Charlotte NC
Columbus Ohio Dump Truck Company Brief:
- Toronto's domination of the North American real estate market shows no sign of slowing.
Dump Trucks Columbus OH Insight:
Designed by Pelli Clarke Pelli Architects with Toronto-based Adamson Associates Architects, Union Park will be one of the largest mixed-use projects in the city's history but many other megaprojects are in the works as well. They include:
- The 12-acre smart city project from Sidewalk Labs, which is owned by Google subsidiary Alphabet. The plan includes 10 new mixed-used buildings, all made from mass timber, streets designed to reduce car use and a proposal to extend Toronto's light-rail system.
- The Well seven-building development of 1,800 residential units and more than 400,000 square feet of office, retail and dining space.
- CIBC SQUARE, a multi-phase development of two towers that will add 3 million square feet of office space, including a Microsoft office. The building is targeted to meet LEED Platinum and WELL Building standards.
- 160 Front Street West, set to open in the fall of 2022, is 100% leased. Major tenants are TD Bank and the Ontario Teachers' Pension Plan. The 46-story office tower features 1.2 million square feet of office space and 12,290 square feet of retail space. It is designed to achieve LEED Platinum and WELL Building Standard certifications.
Toronto's construction boom is in part due to an influx of residents, drawn to the city on Lake Ontario by a robust job market. A recent Ryerson University analysis found that it's the fastest-growing region of North America after Dallas/Ft. Worth.
“I don’t think most Americans understand the scale of what’s going on in Toronto,” one of the report's authors, Frank Clayton, told The Buffalo News.
Many large U.S.-based construction firms do business in Canada, including Balfour Beatty, Turner and Gray Construction.