A Jewel at the Crossroads of Sustainability, Business and the Arts in
OTTAWA, June 18, 2014 /CNW/ - When Performance Court was in the conceptual design phase, there was a commitment to
"performance" on multiple levels.
Performance was built into the sustainable architecture and design to
LEED Gold standards.
Performance was at the core of businesses seeking high-efficiency
And, performance was driven by the arts community to engage people in
Today, Morguard and its partners are delivering on that commitment.
"It's not your average office building," said Margaret Knowles, SVP
Development at Morguard, who was responsible for managing the
development on behalf of its investors, Morguard Corporation and
Healthcare of Ontario Pension Plan (HOOPP). "We meticulously thought
through every detail to build a landmark in Ottawa that will define
sustainable commercial real estate development for years to come."
Morguard is targeting a minimum certification of LEED Gold Core + Shell
with measurable benefits for water efficiency, reduced energy
consumption, optimal indoor air quality and low carbon emissions.
Performance Court will have one of the smallest carbon footprints of any
multi-tenanted office tower in Canada. The 21-storey, 360,000 SF Class
A Office Tower is targeting more than a 50% reduction in energy
consumption relative to the Model National Energy Code for Buildings
(MNECB), which is the base case used in the LEED program. Based on
preliminary studies, tenants at Performance Court will see more than $1
per SF in savings on utility costs.
For the first time, Morguard has joined forces with Bullfrog Power, a
Canadian provider of green power that is injecting 100% wind and
low-impact hydro power into the electricity grid to match the amount of
power used in Performance Court's public spaces. "Morguard is
demonstrating its commitment to renewable energy, another win for
lowering a building's carbon footprint," said Peter Melanson, CEO at
Bullfrog Power. "By partnering with Bullfrog, Morguard is also
contributing to the development of community-based renewable energy
projects across Canada. We're thrilled to welcome the organization to
the bullfrogpowered community."
HOOPP has a strong focus on environmental sustainability standards in
its real estate portfolio. "Performance Court is a stellar example of
HOOPP's commitment to invest in healthy, efficient and high-performing
buildings that preserve the environment, while delivering quality
product to tenants and long term value for our members," said Lisa
Lafave, Senior Portfolio Manager at HOOPP. "Working with Morguard and
the City of Ottawa has resulted in a unique development that fosters
Performance Court, located at 150 Elgin in the heart of Ottawa's
downtown business district, is an award winning project from its very
inception, having its conceptual design selected by the City of Ottawa
in a formal competition.
"This world-class project is one of several that are helping usher in a
new golden age for infrastructure in the nation's capital," said Jim
Watson, Mayor of Ottawa. "The building is at the crossroads of
business, design, art, heritage and public space - it fits in perfectly
with Ottawa's creative, innovative spirit as the best place to start
and grow a business."
As one of the first tenants to sign a lease, the professional services
firm of KPMG has been a supporter from the very beginning. "With a
full practice serving the Ottawa business community, we were looking
for space to accommodate our recent and future growth," said Grant
McDonald, Office Managing Partner at KPMG. "Sustainability is key in
terms of the way we work at KPMG, so Performance Court, a LEED Gold
Candidate, met our needs and in fact gives us a head start to reach the
highest environmental certification of any KPMG office in Canada. In
addition to all that - it's just a beautiful building," added McDonald,
"exactly the professional image we were looking for, and we are very
proud to have our KPMG name atop Performance Court."
E-Commerce company Shopify is one of the new tenants calling Performance
Court home. "When looking for a new office space, we had many
requirements. A few being that it had to be located downtown, align
with Shopify's culture, and be able to grow to three times our current
employee count of 342 in a couple of years," said Daniel Weinand,
Co-founder and Chief Design & Culture Officer, Shopify. "Performance
Court not only met all of our requirements but we liked the fact that
the building itself is environmentally sustainable."
Award-winning local restaurateur and sommelier, Stephen Beckta will be
relocating his iconic Beckta Dining & Wine venue in the fall of 2014 to
the historic Grant House. The Grant House is a 140-year-old brick and
stone home preserved during the build out of Performance Court. A
cantilever was used to incorporate the heritage structure into the
three-storey office atrium. "The Grant House offers an amazing
heritage stage for our flagship restaurant, and signals our faith
and commitment to world-class fine dining in Ottawa," said Beckta.
"This to me is the premiere address on Elgin Street, a street that I
grew up on that is so near and dear to my heart."
The Arts and Public Spaces
Canada Council for the Arts was the first tenant at Performance Court
and, in collaboration with Morguard, has worked to create a new
cultural amenity in Ottawa's downtown. The public spaces of 150 Elgin
are animated by art, design and culture. Visitors to the space are
welcomed by a three-storey interactive digital wall, for which the
Canada Council is commissioning original, innovative and interactive
Moving through the ground floor, visitors enter Âjagemô, a 3,000 SF gallery that is home to curated exhibitions of some of the
most outstanding Canadian contemporary artwork from the Canada Council
Art Bank. The gallery's name, which means "crossroads" in Algonquin,
was chosen to honour the building's location on traditional Algonquin
land. This heritage is echoed in the installation of a traditional
birch bark canoe made by Algonquin artist Daniel (Pinock) Smith.
"The appeal was simple. Performance Court successfully embodies many of
our core values," said Robert Sirman, Director and CEO of the Canada
Council for the Arts. "We are proud to be able to work with Morguard
and leverage the convergence of common interests to grow our civic and
cultural footprint in Ottawa, and invite residents and visitors alike
to interact with the arts in new ways."
Performance Court was designed to provide interior and exterior public
spaces for tenants, residents and visitors to engage. The Winter
Garden, located at street level, is a welcoming atrium with a patio,
three-storey interactive digital wall and provides access to the
Âjagemô Gallery and the historic Grant House. Space can be reserved
for receptions, shows, lectures and performances.
From the Winter Garden, take the elevator to the seventh floor to enjoy
stunning panoramic views of Ottawa from the 6,000 SF public terrace.
This outdoor terrace uses native and drought resident plant material to
reduce the need for irrigation. The building has built-in green roofs,
rainwater harvesting and an underground cistern as part of its green
Official Building Opening
Morguard and HOOPP officially welcomed tenants to Performance Court
today. While the first tenants took occupancy earlier this year, other
tenants are completing their fit outs for future occupancy.
From conception to completion the construction team, under the guidance
of PCL Constructors and NEUF ARCHITECT(E), has achieved a landmark
office tower in Ottawa that's all about performance.
Morguard Corporation (TSX: MRC) is a major North American real estate
and property management company. It has extensive retail, office,
industrial, and multi-unit residential holdings owned directly and
through its investment in Morguard REIT (TSX: MRT.UN) and Morguard
North American Residential REIT (TSX: MRG.UN). Morguard also provides
real estate management and investment services to institutional and
other investors. Morguard's owned and managed real estate portfolio is
valued at approximately $15.2 billion.
Web Site: www.morguard.com | www.150elgin.com
About the Healthcare of Ontario Pension Plan
Created in 1960, HOOPP is the pension plan of choice for Ontario's
hospital and community-based healthcare sector with over 470
participating employers. HOOPP's 286,000 members and pensioners include
nurses, medical technicians, food services staff and laundry workers,
and many other people who work hard to provide valued Ontario
healthcare services. HOOPP has more than $51.6 billion in net assets
and is fully funded. As a defined benefit plan, HOOPP provides eligible
members with a retirement income based on a formula that takes into
account a member's earnings history and length of service in the Plan.
Once eligible members start receiving a pension, they receive it for
life. About 80 cents of every pension dollar paid out comes from
investment returns. HOOPP is governed by a Board of Trustees with
representation from the Ontario Hospital Association (OHA) and four
unions: the Ontario Nurses' Association (ONA), the Canadian Union of
Public Employees (CUPE), the Ontario Public Service Employees' Union
(OPSEU), and the Service Employees International Union (SEIU). The
unique governance model provides representation from both management
and workers in support of the long-term interests of the Plan.
Web Site: www.hoopp.com
SOURCE: Morguard Corporation
For further information:
Margaret Knowles, SVP Development
Martin Biefer, Director, Public Affairs