Aecon Construction Retained for TEDCO's Corus Entertainment Building

    TORONTO, Sept. 27 /CNW/ - Following a competitive process, the Toronto
Economic Development Corporation (TEDCO) announced today that Aecon Group Inc.
has been retained to construct the new home of Corus Entertainment on
Toronto's waterfront. The more than $100 million project being developed by
TEDCO with input from the City of Toronto, Corus Entertainment and Waterfront
Toronto, will kick start revitalization of the area south of Queen's Quay
Blvd. near the Jarvis Street slip.
    The project includes an approximately 500,000 square foot office building
and broadcast centre, a continuous public promenade along the water's edge and
retail space. The building design will be Gold-certified under Leadership in
Energy & Environmental Design (LEED) standards in keeping with TEDCO's goal of
supporting sustainable development initiatives and environmental
best-practices. Once complete, TEDCO's Corus building will become Corus
Entertainment's Toronto headquarters, housing approximately 1300 knowledge
workers in the media and entertainment sector.
    "This development will be a catalyst for other major employers and
institutions to play a role in making our city's waterfront a thriving
business and cultural destination," said Jeffrey Steiner, President & CEO,
TEDCO. "We look forward to working with Aecon and our other partners on this
exciting project."
    Aecon Group Inc. is Canada's largest publicly traded construction and
infrastructure development company. Aecon and its subsidiaries provide
services to private and public sector clients throughout Canada and
internationally. Aecon's shares are listed for trading on the Toronto Stock
Exchange under the symbol ARE. In addition to the TEDCO-Corus Project, other
significant LEED projects Aecon Buildings is currently completing include the
Bell Creekbank Office for Bell Canada, the Union Gas Burlington
Office/Warehouse facility, and the New Town Hall Building for the Town of
    During the past several months TEDCO completed pre-development work at
the site, including environmental and archeological reviews. Demolition of old
structures has been undertaken in recent weeks and Aecon is scheduled to begin
construction on the project this month. It is expected to be completed by Fall
of 2009.
    The Toronto Economic Development Corporation is the principal
redevelopment corporation for the City of Toronto and a major landowner across
the city. TEDCO is focused on commercial, industrial and mixed-use projects
working together with both public and private sector partners.

For further information:

For further information: Eva Varangu, Director, Communications & Public
Affairs, Toronto Economic Development Corporation, (416) 981-3869;,

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