55 Yonge Street

Commercial

55 Yonge Street

Project Type

Commercial

Location

55 Yonge Street, Toronto, ON, Canada

Status

Historical

Overview

Unique Challenges

Key Features / Outcomes

Overview

Prior to its recent redevelopment, 55 Yonge Street was known for its location within Toronto’s historic financial district. The original structure housed various commercial and office spaces, serving as a key site for business activities in the heart of the city. The building played a significant role in Toronto's urban landscape, providing office space for various businesses due to its strategic location close to financial institutions and public transit.

Challenges and Solutions

The original property underwent several renovations over the years to maintain its competitiveness and functionality within the evolving downtown core.

Key Features

Historic Location: Situated in Toronto's financial district, providing easy access to key city amenities and public transportation.
Commercial Hub: Served as a bustling center for business activities, attracting a diverse range of tenants.
Renovations: Underwent updates to maintain structural integrity and meet evolving business needs while retaining its historic facade.

Operational Excellence

Horizon Legacy focused on maintaining high standards of service and building maintenance to ensure tenant satisfaction. Efforts were made to modernize the building's infrastructure while respecting its historical significance.

Key Benefits

55 Yonge Street was an integral part of Toronto’s business community, offering well-located office spaces that supported the city's economic growth. Its redevelopment into a modern mixed-use tower reflects the ongoing evolution of Toronto's urban landscape.

Former Tenants During Our Management

Price Waterhouse, Falconbridge Inc., Inco Limited

Our Impact

Horizon Legacy is revolutionizing the construction industry with the first and largest neighborhood in Canada built using onsite robotics.

Cost Efficiency

Our approach delivers an average cost of under $300K per unit (costs exclude land, servicing, softcosts) showcasing that robots can be integrated affordably while meeting and exceeding the Ontario Building Code.

With 26 rental units, including 30% affordable, we surpass industry standards.

Our project achieves a 20% reduction in energy intensity and greenhouse gas emissions, and our all-electric buildings ensure zero greenhouse gas energy consumption.

By creating wall assemblies with R-30 thermal performance and consolidating three trades into one, we effectively address the labor shortage, demonstrating the transformative potential of robotics in construction.

Horizon has generated over 14 million kilowatthour (KWH) of clean energy

We have created over 7 million square feet of Toronto’s major developments

“Horizon has built and financed major buildings for ourselves as the long-term owners, wherein, we have then had to live with the operational ramifications of design, construction and financial decisions made at the development stage for the over 20 years life of a building. This is a perspective very distinct from that of the traditional contractor or lender.”