Oxford Properties, the real estate division of OMERS Worldwide Group, has formed a 50/50 partnership with CPP Investment Board (CPPIB) to develop RBC WaterPark Place for the Royal Bank of Canada (RBC).
The new RBC WaterPark Place development, launched by Oxford Properties and designed by WZMH architects. Credit: Oxford Properties
The 30 storey, 930,000 sq ft office tower construction to be built to meet class AAA LEED Gold standard in downtown Toronto will become the new national headquarters for the Canadian Banking business of RBC. Oxford will supervise all the development and management elements of the property.
The RBC WaterPark Place designed by WZMH Architects will be located on the north side of Queens Quay Boulevard between York and Bay Streets. The building will be linked to the PATH system through a raised and enwrapped pedestrian bridge that is connected directly to the Union Station and Air Canada Center. The proposed RBC WaterPark Place will boast a podium floor-plate measuring 50,000 sq ft and a rectangular tower floor plate measuring 26,500 sq ft from 8 to 30 floors. The lower floors will have retail services and other amenities in over 50,000 sq ft of area. The highly efficient floor plates of the construction will enable the tenants to have maximum usage space.
The construction design to achieve LEED Gold certification will include features such as the latest and refined energy quantifying and verification systems, green roof covering around 7,500 sq m of area, bicycle parking, showers and change-rooms to encourage use of cycle, latest lighting controls and daylight sensors to manage more light inside the construction, water conserving features, which includes low water consuming cistern and reuse of grey water, energy conserving building envelop and other mechanical systems.
The construction of RBC WaterPark Place is scheduled to commence at the end of 2011 and the construction is anticipated to get completed in the third quarter of 2014.
Source: http://www.oxfordproperties.com/