First Gulf is excited to announce that we have finalized a 105,550 sf lease agreement with Spaces, a growing provider of full-service shared and co-working environments. Spaces will occupy floors 2 to 7 within The Shift at 25 Ontario Street, as well as some of the building’s most impressive features: a soaring three-storey atrium and 2,200 sf of terrace space on the 3rd level.
Spaces, originating out of Amsterdam, is expanding rapidly and have chosen The Shift for its prime location at Ontario and Adelaide, just north of King Street in Downtown East, one of Toronto’s fastest-growing districts. Now under construction, The Shift is a joint venture between First Gulf and HOOPP that will see 466,000 sf of LEED®-Gold office space added to this thriving business node.
With close to one million sf of office and retail space developed by First Gulf across the Coca-Cola Canada headquarters at 333 King Street East and The Globe & Mail Centre at 351 King Street East, a further 500,000 sf planned at 200 Front and the 10-million sf development planned for East Harbour, The Shift is the next step in First Gulf’s continued commitment to the east side. Boasting 24 floors of flexible office space, and excellent access to nearby amenities, The Shift will be a defining piece of the vibrant hub that is growing in the east end of Toronto’s downtown core.
First Gulf would like to thank the Colliers listing team, as well as their colleague Tobin Davis, for their collaboration, hard work and efforts which made this initiative a true success for all parties involved.
About First Gulf
First Gulf is an award-winning leader in the development of industrial, office, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate.
Originating in Amsterdam, Spaces was built on the idea that success breeds more success. We want to redefine the way work is done. That’s why we’ve cultivated a community of thinkers, achievers and imagineers. Plug into our energy and watch your world accelerate.
About Healthcare of Ontario Pension Plan (HOOPP)
As one of Canada’s largest defined benefit pension plans, HOOPP is dedicated to providing retirement security to more than 350,000 healthcare workers in Ontario.