Rockport Group announces plans to build the seven-building Wicksteed Business Park in Toronto, Canada



[GBP Note:  This is a fine example of how a developer can overcome higher brownfield remediation costs and still come "up with a style of building that looks neat and cool ."]
Ambitious Toronto business park shows off Rockport’s flexibility

Paul Brent
Property Biz Canada
Tue Aug 28 2012

Toronto-area builder Rockport Group has a 55-year history of building what it considers the right type of property for the prevailing economic conditions, from residential condos to seniors’ housing. With the announcement of its plans to build the seven-building Wicksteed Business Park on 9.5 acres in the mid-town Toronto neighbourhood of Leaside, Rockport is betting heavily on industrial-commercial condo uses making a comeback in the city.

The planned development sites on a reclaimed brown field site that has been cleaned up since its days producing armaments during World War Two and is situated close to the Don Valley Parkway and the 401 and Gardiner Expressway/QEW highways.

Cost per acre is relatively high, a function of its location and the costs associated with the remediation process. That guided Rockport in its development plans, said President Jack Winberg.

“We came up with a style of building that looks neat and cool and can be very comfortable in today’s day and age,” he said, describing the designed look as “funky, downtown.”

Click here for full article and renderings in Real Estate News Exchange

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