Menkes Developments Ltd has expanded its relationship with TD Greystone Asset Management and is pleased to announce the acquisition of an interest in 320 Bay Street, a heritage building prominently situated on the southwest corner of Bay and Adelaide streets. According to Menkes, the investment reflects the Company?s commitment to deliver progressive and innovative workspace in downtown Toronto.

320 Bay Street in Toronto?s Financial District (CNW Group/Menkes Developments Ltd)
This transaction will result in a major restoration of the building, improving the quality and service of the space, while preserving its history and architectural elements. Menkes has exciting plans for a street level re-imagination of the building. The revitalization of the 270,000 square foot space will include significant electrical and mechanical upgrades. The building, designed by prominent Canadian architect Henry Sproatt, originated as the Canada Permanent Trust Building.
?We think this development will have a unique place in the market, as there is nothing like it in the core right now,? said Peter Menkes, President Commercial/Industrial. ?It will offer a cutting- edge work environment, redesigned to meet the growing demand for creative office space in Toronto, and will allow companies to occupy a historical, landmark property. Menkes does not currently have a heritage building in its office portfolio, so this is very exciting for us.?
The renovation of 320 Bay Street will add much needed of...