Back Scotia Plaza Afrikaans سكوتيا بلازا ARZ Scotia Plaza Catalan Scotia Plaza Czech Scotia Plaza German Scotia Plaza Spanish Scotia Plaza Basque اسکوشیا پلازا Persian Scotia Plaza French Scotia Plaza Italian
| Scotia Plaza | |
|---|---|
 Scotia Plaza in June 2009 | |
 | |
| Alternative names | Scotia Plaza Tower |
| General information | |
| Type | Commercial offices |
| Location | |
| Coordinates | 43°38′57″N 79°22′46″W / 43.64917°N 79.37944°W |
| Construction started | 1985 |
| Completed | 1988 |
| Owner | [2] |
| Height | |
| Roof | 274.9 m (902 ft) |
| Technical details | |
| Floor count | 68 |
| Floor area | 148,658 m2 (1,600,140 sq ft)[1] |
| Lifts/elevators | 44 |
| Design and construction | |
| Architect(s) | WZMH Architects |
| Developer | |
| Structural engineer |
|
| Main contractor | PCL Construction |
| References | |
| [3][4][5][6][7][8] | |
Scotia Plaza is a commercial skyscraper in the city of Toronto, Ontario, Canada. Originally built to serve as the global headquarters of Canadian bank Scotiabank, it is in the financial district of the downtown core bordered by Yonge Street on the east, King Street West on the south, Bay Street on the west, and Adelaide Street West on the north. At 275 m (902 ft), Scotia Plaza is Canada's third tallest skyscraper and the 52nd tallest building in North America. It is connected to the PATH network, and contains 190,000 m2 (2,045,143 sq ft) of office space on 68 floors and 40 retail stores.
Olympia and York developed the complex as an expansion of the adjacent headquarters of Scotiabank and the bank continues to occupy approximately 24 floors of the structure. Olympia and York owned the complex from its completion until the company was liquidated due to overwhelming debt in 1993. Scotiabank led a consortium of banks to purchase the mortgage for Scotia Plaza and over the next five years, it purchased additional shares from its partners until it was the property's majority owner.[9]
On January 19, 2012, Scotiabank announced it would sell the iconic building[9] and on May 22, announced a final agreement with Dundee Real Estate Investment Trust (now Dream Office REIT) and H&R Real Estate Investment Trust for $1.27 billion, making it the last of Canada's major banks to divest ownership of its Toronto headquarters property.[10] In 2016, H&R and Dream sold 50% of the building to KingSett Capital and AIMCo; in 2017, Dream sold its remaining 50% stake in 2017 to the same two companies.[2] In 2022, Scotiabank relocated its global head office to the recently completed Scotiabank North tower at 40 Temperance Street in Toronto, part of the Bay Adelaide Centre complex.[11] The bank continues to retain a significant corporate presence at Scotia Plaza, having renewed a 560,000-square-foot lease in 2021.[12]
- ^ "Scotia Tower". Skyscraper Center. CTBUH. Retrieved 22 September 2017.
- ^ a b "Dream Office REIT selling Scotia Plaza stake, other assets for $1.7 billion, cutting investor payouts". The Financial Post. 2017-06-23. Retrieved 21 April 2018.
- ^ "Scotia Plaza". CTBUH Skyscraper Center.
- ^ "Emporis building ID 112572". Emporis. Archived from the original on March 3, 2016.
- ^ Scotia Plaza at Glass Steel and Stone (archived)
- ^ "Scotia Plaza". SkyscraperPage.
- ^ Scotia Plaza at Structurae
- ^ "Scotia Plaza". York Excavating and Grading LTD. Retrieved 2013-04-09.
- ^ a b Grant Robertson; Boyd Erman; Steve Ladurantaye (19 January 2012). "Scotiabank set to sell Bay Street tower". The Globe and Mail. Retrieved 2013-04-09.
- ^ Steve Ladurantay; Grant Robertson (23 May 2012). "Scotiabank's landmark Toronto tower sells for record $1.27-billion". The Globe and Mail. Retrieved 2013-04-09.
- ^ "Scotiabank 2022 Annual Report - English" (PDF). Bank of Nova Scotia. Retrieved 2023-11-03.
- ^ "Scotiabank renews 560,000-sq.-ft. Scotia Plaza lease". RENX. Retrieved 2023-11-03.
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