Real Wealth developers have announced there'll be a new medical arts building going up in North York.
The eight-storey, 165,000 square foot building will be 200 metres from the future Finch West subway station, and also near the
new Humber River Regional Hospital at Keele and Wilson, which is scheduled to open on Oct. 18, 2015.
According to their spokesman, Stephen Murdoch, the project has been in the planning stages since 2011, and construction on the site of a former gas station and Tim Horton's at Finch and Keele is set to begin this fall.
"Findings showed that there was a lack of supply, namely in relation to all that is happening with the new hospital and all that are relocating to it from around Ontario and the Country," Murdoch says. "Current office and medical facilities are old, maintenance fees high, and inefficient, surrounded by an aging population."
Designed by ACK Architects, the building -- to be called
University Heights – will offer its 89 office spaces both for rent and for sale.
The building will also qualify for tier 2 of Toronto's Green Standard, and will include 7,100 square feet of green roof.
Murdoch said the building is scheduled for occupancy in June, 2016.
Writer: Bert Archer
Source: Stephen Murdoch