TORONTO, July 7 /CNW/ - The new Corus Quay building on Toronto's
waterfront was officially introduced by Mayor David Miller at a topping-off
ceremony today signaling that the structural part of the project is complete.
The development plays a key role in kick-starting the revitalization of
Toronto's East Bayfront with a new business and cultural community.
"This building is a critical component in the creation of an
entertainment and media convergence district on the waterfront and we welcome
Corus Entertainment here," said Mayor David Miller. "The East Bayfront is part
of a major revitalization of our waterfront already underway and involves all
three levels of government as well as private sector partners."
Corus Entertainment Inc. is a Canadian-based media and entertainment
company. It is a market leader in radio and specialty and pay television with
additional assets in advertising services, conventional broadcasting, and
children's book publishing and animation.
"As an entertainment company, we understand the power of new ideas," said
John Cassaday, President and CEO, Corus Entertainment Inc. "Our goal is to
create an inspiring environment for our employees and contribute to making our
city's waterfront a highly creative and thriving business and cultural
AECON Buildings is construction manager of the building located on 2.5
acres just south of Queen's Quay at the foot of Lower Jarvis Street. Corus
Quay will be Corus Entertainment's new Toronto headquarters as it consolidates
its 10 existing locations and more than 1,200 employees into one signature
site. The new 500,000 square foot office and broadcast centre was designed by
internationally acclaimed Diamond and Schmitt Architects, and will seek to
achieve the Leadership in Energy and Environmental Design (LEED) Gold
designation of the green building rating system. In addition, this building
will boast several green roof areas, a massive five-storey green living wall
as well as public art installations created by award-winning U.K. artists,
Also present at the topping-off ceremony was the inaugural CEO of Build
Toronto Inc., who congratulated Mayor Miller and the City of Toronto Economic
Development Corporation, owner and developer of the project, on the quality
and style of this development.
"Corus Quay is the kind of development that Build Toronto will be looking
at in the future as we focus on adding value to underutilized properties,
stimulate the creation of desirable jobs, and incorporate sustainable
development practices in our projects," added J. Lorne Braithwaite CEO of
The City of Toronto Economic Development Corporation is currently in
transition with developments such as the Corus Entertainment building intended
to be transferred to Toronto's new economic development corporation, Build
Toronto. All partners, including Corus Entertainment, the City of Toronto and
Waterfront Toronto will continue to work together for the building's scheduled
completion of construction in winter 2009, with occupancy in spring of 2010.
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