PCL Construction has completed 700 Bay’s concrete structure. The multifaceted renovation and expansion project of 700 Bay at Gerrard involves a new 32-storey residential apartment tower adjacent to an existing office, retail and residential building.
There is an addition of six new floors above the existing structure, including the two dedicated amenity floors, a new mechanical penthouse, as well as structural upgrades throughout the existing building. The project by KingSett Capital will offer a total of 495 apartment residents premium rental living.
With sustainability top of mind, the project is being built to Toronto Green Standard Tier II and is targeting LEED Platinum certification. The building is tying into the EnWave District Steam Heating and Chilled Water-Cooling system, providing leading-edge energy efficiency.