Toronto Peter Gilgan Centre for Research and Learning | ?m | 21s | Sick Kids | Diamond Schmitt

Surprised the "Don't shadow the City Hall" crowd have not raised a hue and cry over this one. Not much north of the 1 City Hall project at Bay & Dundas that got canned because of its 500ft height. This project at 130 metres, probably plus mechanical, will top out at around 450ft.
 
Marcus has the right figure. The floors heights average 4.7 metres, which for a research facility is not a surprise.

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from today's Daily Commercial News....

MEDICAL BUILDING Proj: 9099072-2

Toronto, Metro Toronto Reg ON TENDERS DUE

Hospital For Sick Children Research Institute, Elm Street, Bay Street, M5G Fri Sep 25, 2009 14:00

$300,000,000 est

Start: November, 2009

Note: PREQUALIFICATIONS will be received by Owner.
PRE-QUALIFICATION OF GENERAL, MECHANICAL, ELECTRICAL, CURTAIN WALL, CONCRETE FORMING AND BUILDING AUTOMATION (INCLUDING SECURITY) CONTRACTORS. Please deliver a completed CCA Document No 11 in a sealed envelope labelled Prequalification Submission, SickKids Research Tower to the offices of Facilities Planning at The Hospital for Sick Children, 555 University Avenue, Room S210, Toronto, Ontario M5G 1X8 before 2PM, September 25, 2009. Late or faxed proposals will not be considered. Include current confirmation from a recognised Canadian surety company that the Contractor is bondable for a 50% Performance Bond and a 50% Labour and Material Payment Bond. A 5% Bid Bond from the General Contractor will be required at the time of tender. Include resumes of proposed project manager and site superintendent and a current WSIB rating report. Bids may only be submitted by prequalified bidders, but a companys prequalification signifies only that it has met the Owners minimum qualification requirements for this Project, and does not necessarily mean that it is on equal footing with other prequalified Bidders with regard to bid analysis and evaluation. Submitted proposals will be evaluated and a minimum of four and a maximum of six qualified Contractors will be invited to submit a bid. The Hospital for Sick Children reserves the right to prequalify or not prequalify any or all Contractors replying to this RFP without explanation.

Project: Construction of a 21 storey of research laboratories, education and conference spaces, commercial retail spaces and a 3 storey 100 car underground parking garage. It is a non combustible concrete structure clad in curtain wall, masonry and metal cladding of 75,000 m2 in gross floor area built to LEED gold requirements. A call for tenders is anticipated in October 2009.
Scope: 650,000 square feet; 21 storeys; 2 storeys below grade
Development: New
Category: Medical bldgs; Retail, wholesale services; Commercial offices
 
Very glad to see signs of life here!

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this press release posted at benzinga.com........


SickKids Launches Offering to Fund Construction of Research Tower


ONTARIO--(Marketwire - Dec. 7, 2009) - The Hospital for Sick Children (SickKids) announced today that it intends to issue approximately $200 million of Series A Senior Unsecured Debentures. The offering will be made by way of a private placement, pursuant to certain exemptions from the prospectus requirements of applicable securities laws of the provinces of Canada, and is expected to be completed prior to December 31, 2009.

The proceeds of the offering will be used to finance SickKids' proposed Research Tower and for general purposes.

The Research Tower will be a new 21-storey building to be built at the northwest corner of Bay and Elm Streets in Toronto's Discovery District. The Research Tower will consolidate all of the operations of SickKids Research Institute into a new, state-of-the-art facility.

The cost of the Research Tower is estimated to be approximately $400 million, which will be financed through a combination of government support, including the major portion of the previously announced $91 million in funding under the Canada Foundation for Innovation's Large-Scale Institutional Endeavours component of the Research Hospital Fund, the proceeds of the offering of Series A Senior Unsecured Debentures, a philanthropic capital fundraising campaign, and other sources. Construction of the Research Tower is expected to begin in the first half of 2010.

The Series A Senior Unsecured Debentures have been assigned a rating of Aa1 by Moody's Investors Service, Inc. and AA- by Standard & Poor's Rating Services, a division of the McGraw-Hill Companies, Inc.

The offering will be led by RBC Dominion Securities Inc. and TD Securities Inc.

SickKids is distinguished by its success in bridging basic research and clinical applicability. SickKids Research Institute, established in 1954, is one of North America's largest and most productive hospital-based research institutes. With a staff of almost 2,000 and an annual revenue of more than $146 million, SickKids Research Institute is known around the world; its multiple international collaborations focus on areas of significant health science strength in Canada, including stem cell research, regenerative medicine and genomics.

SickKids is affiliated with the University of Toronto. It is Canada's most research-intensive hospital and the largest centre dedicated to improving children's health in the country. As innovators, SickKids leads and partners to improve child health provincially, nationally and internationally through the integration of care, research and education, providing the best in complex and specialized family-centred care, groundbreaking scientific and clinical advances, sharing our expertise globally, enhancing an academic environment and championing an accessible, comprehensive and sustainable child health system. For more information, please visit www.sickkids.ca.
 

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