One Financial Place

Commercial

One Financial Place

Project Type

Commercial

Location

1 Adelaide Street East, Toronto, ON, Canada

Status

Overview

Unique Challenges

Key Features / Outcomes

Overview

Horizon Legacy has developed, owned, and operated One Financial Place, 1 Adelaide Street East, a key commercial building in the heart of Toronto. This nearly 1,000,000 square foot building has hosted a range of prominent tenants.

Unique Challenges

Assembling all the parcels from various corporate owners was a challenge.
Remediation was required due to contamination in both the soil and foundation.
Mechanical routing and clash detection was difficult due to increased building size and the location of the mechanical room.

Key Features

Strategic Location: In the heart of Toronto’s financial district
Built pedestrian tunnel to King Street subway station
Public parkette built into the design with art installations, with fountains, trees, and art.
Plenty of modern elevators, providing quick and convenient access.

Former Tenants During Our Management

National Trust, Bonavista Assist, Chubb Insurance, Continental Insurance

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.”