Corus Quay
Encyclopedia
Corus Quay, originally named First Waterfront Place, is an 8 storey commercial office tower located on a 2.5 acres (1 ha) waterfront site in Toronto
, Ontario
, Canada
. The $160 million building is the first major development planned for the East Bayfront Precinct, and completed construction at the foot of Jarvis Street. Corus Quay is Corus Entertainment
's new Toronto headquarters, consolidating its 10 locations and 1,200 employees into one site. The building was being developed by the Toronto Economic Development Corporation (TEDCO), a city agency. Funding for the project came from TEDCO's equity, city loans and a $12.5 million contribution from the city contributed via Waterfront Toronto.
The building is intended to be an important public destination as well as provide a range of housing and commercial opportunities. No residential or education facilities could be built near the existing Redpath Sugar plant until TEDCO's Corus building buffered the new development from the old industrial uses. However, many aspects of the project have been mired in controversy.
Corus Quay is located near the previous site of the Waterside Sports Tennis Club, which is looking for a new location "waterside". But as neither the City nor Waterfront Toronto found an alternative site, Waterside Sports had to close down and go out of business.
) Gold status for the project's environmental sustainability. The LEED rating system recognizes leading-edge buildings that incorporate design, construction and operational practices that combine healthy, high-quality and high-performance advantages with reduced environmental impacts.
In addition, TEDCO's Corus Quay building will boast several green roof areas, a massive five-storey green living wall, 100 bicycle parking spaces, AutoShare
hybrid vehicles on site, and public art
installations created by award-winning U.K. artists, Troika.
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. The $160 million building is the first major development planned for the East Bayfront Precinct, and completed construction at the foot of Jarvis Street. Corus Quay is Corus Entertainment
Corus Entertainment
Corus Entertainment Inc. is a publicly traded Canadian media and entertainment conglomerate.Corus is a leading Canadian specialty television and radio producer, with additional assets in pay television, advertising services, television broadcasting, children's book publishing and children's...
's new Toronto headquarters, consolidating its 10 locations and 1,200 employees into one site. The building was being developed by the Toronto Economic Development Corporation (TEDCO), a city agency. Funding for the project came from TEDCO's equity, city loans and a $12.5 million contribution from the city contributed via Waterfront Toronto.
The building is intended to be an important public destination as well as provide a range of housing and commercial opportunities. No residential or education facilities could be built near the existing Redpath Sugar plant until TEDCO's Corus building buffered the new development from the old industrial uses. However, many aspects of the project have been mired in controversy.
Corus Quay is located near the previous site of the Waterside Sports Tennis Club, which is looking for a new location "waterside". But as neither the City nor Waterfront Toronto found an alternative site, Waterside Sports had to close down and go out of business.
Controversy
- 2005 The Toronto Waterfront Revitalization Corporation (TWRC) created a design review panel, chaired by Bruce KuwabaraBruce KuwabaraBruce Bunji Kuwabara, B.Arch, OAA, FRAIC, RCA, AIA is a Canadian architect and partner in the firm Kuwabara Payne McKenna Blumberg Architects ....
, to bring more transparent discussions to the development of the waterfront. This site was to be the first significant project for the TWRC's design review panel and the first major building to be constructed on Toronto's East Bayfront. - 2005 five firms, including Koetter Kim & Associates International and Diamond and Schmitt ArchitectsDiamond and Schmitt ArchitectsDiamond and Schmitt Architects Incorporated is an architectural practice founded in 1975 and located in Toronto, Ontario Canada. The firm currently employs 137 people.-History:...
, are shortlisted by the Toronto Waterfront Redevelopment Corp. to propose a development plan for the East Bayfront waterfront, between Yonge and Parliament Sts. Boston's Kim Koetter is the successful firm. - 2005, TEDCO hires Diamond Schmitt Architects, to design a plan for the portion of the precinct that TEDCO owned. The Diamond Schmitt proposal is largely the same as the plan the waterfront agency rejected but TEDCO argues that their plan covered only a portion of the precinct—only the part that TEDCO was the responsible land owner.
- 2006 two municipal agencies have competing visions and plans for the waterfront. Mayor David MillerDavid Miller (Canadian politician)David Raymond Miller is a Canadian politician. He was the 63rd Mayor of Toronto and the second since the 1998 amalgamation. He was elected to the position in 2003 for a three-year term and re-elected in 2006 for a four-year term...
steps forward in favour of the TEDCO plan, raising concerns and criticism from observers of preferential treatment, secrecy and backroom deals. Despite this, it is unclear which agency has the mandate to control the waterfront lands. Although TEDCO was negotiating with a media company to bring over 1,000 knowledge workers to the waterfront at the site it owned. - 2006 TWRC abandons the new community and destination neighbourhood proposal developed and approved by Koetter Kim & Associates International, instead favouring a commercial development, as TWRC never came forward with funding or a plan for a public building or museum on that site despite $1.5 Billion the waterfront agency received from the three orders of government.
- February 2007 TEDCO announces that a portion of the area will be developed under the code-name of "Project Symphony," a previously undisclosed plan for an office building that will be home to major commercial tenant who required confidentiality during negotiations. Despite TEDCO providing all details to the City and the TWRC in confidence, the National PostNational PostThe National Post is a Canadian English-language national newspaper based in Don Mills, a district of Toronto. The paper is owned by Postmedia Network Inc. and is published Mondays through Saturdays...
criticized the way TEDCO does business and said that it uses "shadowy negotiations and will, presumably, announce the winner as a fait accompli." - April 2007 TEDCO signs a deal with a media company that will move its 1,100 employees from "all over" Toronto to the new building. TEDCO, TWRC and the City cannot say who the tenant is because the company is publicly traded. This fueled speculation of a secret deal between TEDCO and the mystery tenant, but there was no mystery as the tenant was in fact a media company.
- April 2007 The architect approved by the tenant and hired by TEDCO, Jack DiamondJack Diamond (architect)A.J. "Jack" Diamond, OC, O.Ont is a Canadian architect.Born in Piet Retief, South Africa, he received a Bachelor of Architecture degree from the University of Cape Town in 1956. He received a Master of Arts degree in politics, philosophy and economics from Oxford University in 1958...
, presents his plan to a design review panel to very negative feedback. Rival architects who compete with Diamond but who sit on the review panel claim that "the plan lacked magic, the design did not engage the public, and that he should raise the bar higher." - May 2007 city councilToronto City CouncilThe Toronto City Council is the governing body of the city of Toronto, Ontario, Canada.Members represent wards throughout the city, and are known as councillors....
executive committee endorses the $159.5 million taxpayer-financed waterfront building, which was then to be rented to the media company at a significant profit and a major increase in the tax base for the city from those lands. - May 2007 city staff report says the project will "yield a financial return lower than would be acceptable for a private investor given the risk profile". TEDCO defends its plan by arguing that the deal is necessary in order to retain a "high-tech, creative employer", one critics say wasn't threatening to leave town. A commercial building was also required for planning and environmental reasons on that site otherwise universities, housing and other "sensitive" uses could not happen in that area of the waterfront (i.e. there was a need to buffer the heavy industrial use of Redpath Sugar). TEDCO claims first-in tenants need a tax break to locate in currently isolated (but future prime) waterfront property. Other than TEDCO's film studio in the Portlands, no one had invested in the waterfront under the TWRC plan as yet. [That was still the case in the summer of 2011, although the Province of Ontario funded a new building for George Brown College next door to TEDCO's media company building].
- June 2007 Corus reveals itself as TEDCO's mystery media tenant. Toronto City Council overwhelmingly approves a deal that will have taxpayers initially finance the building under the following scheme: TEDCO is the developer and owner of the building, city lends TEDCO $132 million secured by a mortgage, Waterfront Toronto contributes the $12.5 million, which came from TEDCO's shareholder the City, and TEDCO provides another $10 million equity in addition to the value of the land ($5 million). Furthermore, Corus gets a partial tax abatement in the first few years and will pay $24 million in taxes over the 20 years of its lease instead of $42 million. But tax revenues from that land before Corus were less than $100,000 per year. The City and its taxpayers through TEDCO also receives 25 times the rent revenue from the Corus project than from the previous use of the land.
- June 2007 Jack Diamond submits revised plans to the design review board that include additional architectural elements including: an egg-shaped studio visible within a light-filled atrium dividing two halves of office towers and a restaurant that spills out into an outdoor lakeside café. The plan is praised for its beauty and novelty and for succeeding in enhancing the public realm.
- Summer 2007 construction begins.
- November 2007 the revised architectural renderings omit several key architectural features, including the praised egg-shaped auditorium replacing it with a square-shaped studio and large screens to be visible to the public walking by. Some design review panelists allege that the building, which was supposed to enhance the public realm, will be no more than an ordinary office building.
- December 2007 the waterfront board votes to withhold $9 million of its $12.5 million contribution unless the economic development corporation and its architects work closely with the design review panel to solve several major alleged architectural flaws. No minutes of the design review panel meeting were provided to TEDCO nor made public at the time. The design review panel objects to changes in the design and to the alleged use of cheaper materials than promised, which TEDCO disputed.
- February 2008 Cinespace, the film production company that leased a building from TEDCO on this site for 12 years vacates the property following TEDCO's orders. Jim Mirkopoulos of Cinespace wrote to the Toronto Star saying "TEDCO's 'Project Symphony' reverses seven years of waterfront consultations by placing a commercial building at the site contravenes the mandated architectural competitive process to achieve design excellence and only transplants existing jobs from Liberty Village instead of attracting new ones, as originally advertised." Cinespace's lease with TEDCO ended two years prior to that but they were holding over on the site and wanted to remain. Cinespace did not want anything on that site but the old one-story building they had rented from TEDCO even though their lease expired.
- August 2009 construction of glass curtain wall reaches the roof, external construction of building is nearly complete.
- February 2010 TEDCO (by then split up 3 ways by Mayor David Miller into Build Toronto, Toronto Port Lands Company and Invest Toronto Inc) delivers the base building to Corus on-time and on-budget so that Corus can begin its interior tenant fit out.
Sustainable Design
This TEDCO development achieved LEED (Leadership in Energy and Environmental DesignLeadership in Energy and Environmental Design
Leadership in Energy and Environmental Design consists of a suite of rating systems for the design, construction and operation of high performance green buildings, homes and neighborhoods....
) Gold status for the project's environmental sustainability. The LEED rating system recognizes leading-edge buildings that incorporate design, construction and operational practices that combine healthy, high-quality and high-performance advantages with reduced environmental impacts.
In addition, TEDCO's Corus Quay building will boast several green roof areas, a massive five-storey green living wall, 100 bicycle parking spaces, AutoShare
AutoShare
AutoShare is a car sharing company in Toronto, Ontario, Canada. The service was launched in October 1998 with 16 initial members and three cars. As of June 2009, AutoShare has over 10,000 members and over 200 cars, available for use 24 hours per day...
hybrid vehicles on site, and public art
Public art
The term public art properly refers to works of art in any media that have been planned and executed with the specific intention of being sited or staged in the physical public domain, usually outside and accessible to all...
installations created by award-winning U.K. artists, Troika.