WATERLOO, ON, Feb. 20, 2013 /CNW/ - Triovest Realty Advisors and
Intermarket Developments, announced today that a new development
project to be known as the Waterloo Corporate Campus has begun.
What is now the former NCR site at Northfield Road and Weber Street in
north Waterloo will be cleared starting next week; construction of the
new project will follow soon after. The 16-hectare (40 acre) project
will be a mixed-use development, including loft-like office space,
medical offices, restaurants, corporate office buildings, a co-location
data centre facility and retail space. The first phase of the project
will be two loft office buildings that are scheduled to open this fall.
"This is an extremely exciting project for our community and shows
tremendous confidence in our City with substantial new investment,"
says City of Waterloo Mayor Brenda Halloran.
"The Waterloo Corporate Campus joins a long list of projects and
properties representing Triovest's growing profile in Canada," says
Triovest Realty Advisors Vice President, Developments, Alan Dillabough.
"We're excited by the opportunity of transforming existing properties
and giving them new life so they can achieve full potential as valued
Observes Mark Kindrachuk, President of Intermarket Developments: "The
project will be built to LEED standards for office buildings, will
feature substantial green spaces, and will be a pedestrian and
bike-friendly environment." The overall development is planned to be
over 800,000 square feet and will be transit-friendly, as a Light Rail
Transit (LRT) station is to be built across the street, he notes.
A number of local companies are involved in the project, including
Melloul-Blamey Construction, Whitney & Company Realty Limited (office
leasing), MHBC Planning, MTE Consultants (engineers) and Paradigm
About Triovest Realty Advisors
Triovest is a privately held Canadian real estate investment and
management company with more than 54 million square feet of commercial
real estate assets under management on behalf of individual and
institutional investors. Its diversified portfolio of office, retail,
commercial and industrial properties is valued at more than $10 billion
and is spread throughout the country. Triovest approaches real estate
investment with the mindset of an owner, with a deep appreciation of
fiduciary responsibilities. The company has offices in most major
Canadian cities and more than 850 employees.
SOURCE: Triovest Realty Advisors Inc.
For further information:
Alan Dillabough, Vice President, Developments
Triovest Realty Advisors Inc.
416.941.1204 / firstname.lastname@example.org