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 spaces."
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 Transportation Solutions.
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 / [email protected]