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Toronto: Meadowvale North
Services provided
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Investment Management by Bentall Investment Management |
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Real Estate services including Development, by Bentall Real Estate Services |
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About the challenges
To develop a huge 170 acre site in Mississauga to attract high
quality office, light industrial, and retail tenants. This involved creating
the vision for the site master plan, attracting interest from key users, and
devising architectural controls for streetscape, landscape, and signage
elements. Our ultimate goal was to ensure that phased development would produce
a successful, integrated and pleasing development when completed.
Considerations
Early in the process a commitment was secured from the Royal
Bank for the first development on the site. Beating out more than 40 other
contenders, Meadowvale North was chosen for a twin tower office complex housing
the bank's communication centre and RBC Insurance. This 800,000 plus square
foot project accomodates over 6,000 employees, and has to be capable of
operation 24 hours per day, 365 days a year. To secure this use Bentall had to
commit to provide first occupancy of a portion of the project in August of 2000
from a start in early 1999 - an extremely aggressive schedule.
The Bentall solution
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Bentall asset managers and development teams quickly
coalesced to work on both the master plan and specifically the Royal Bank
development. |
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Fostering regular communication and planning between
contractors, engineers, consultants and the bank was vital to quick planning
and execution. |
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As the office complex progressed, our property services
group became an integral part of this team to ensure commissioning of the new
building and successful turnover to occupancy. |
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Key successes
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Securing the 800,000 square foot Royal bank commitment to
lead off the project. |
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Completing a 300,000 square foot head office and
distribution facility for Tech Data Canada |
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Securing a commitment from Microsoft Canada for a new
160,000 square foot Canadian head office development |
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Pre-leasing and completion of a new 150,000 square foot
office/industrial flex building |
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