{"id":11736,"date":"2023-01-15T18:31:29","date_gmt":"2023-01-16T02:31:29","guid":{"rendered":"https:\/\/essential.construction\/news\/2022-in-review-menkes-advances-project-pipeline-earning-awards-on-the-way\/"},"modified":"2023-01-15T18:31:30","modified_gmt":"2023-01-16T02:31:30","slug":"2022-in-review-menkes-advances-project-pipeline-earning-awards-on-the-way","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/2022-in-review-menkes-advances-project-pipeline-earning-awards-on-the-way\/","title":{"rendered":"2022 In Review: Menkes Advances Project Pipeline, Earning Awards on the Way"},"content":{"rendered":"

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For much of the development community, 2022 was a year of challenges. For Menkes Developments<\/a>, they managed their extensive roster of active projects\u00a0by sticking by their long-term vision. With plenty of progress to report, along with some exciting announcements and celebrations, here is a summary of highlights for Menkes Developments in 2022.\u00a0<\/p>\n

Sugar Wharf (Phase 1) celebrated its topping off in December, image by UT Forum contributor Ryan_T<\/span><\/p>\n

Menkes kicked off the year announcing that they’d be getting going on the second phase of their Sugar Wharf<\/a>\u00a0mixed-use condo development on Lake Shore just east of Yonge, allowing work to begin on a new elementary school for the area that will occupy over 5,000m\u00b2 of space in the podium of the development. Site clearing activities continue here, while the first phase towers<\/a>, located immediately to the east just celebrated their topping off<\/a> in December after an active year of building.\u00a0<\/p>\n

Podium of Sugar Wharf (Phase 2) where the public school will be integrated, image courtesy of Menkes Developments<\/span><\/p>\n

Another milestone was celebrated by Menkes early in the year, as the developers completed their first conversion of an existing heritage office building. The timely retrofit of the Canada Permanent Trust Building at 320 Bay Street<\/a> began in 2019 and was completed in March of 2022, allowing the prominent 18-storey Art Deco tower to resume its century-long mission to provide office space in the Financial Core. A few months later, Menkes’\u00a0Waterfront Innovation Centre<\/a> project also reached completion, marking a successful stretch to open the first half of the year.\u00a0<\/p>\n

320 Bay Street, the retrofitted 18-storey office tower completed in early 2022, image courtesy of Menkes Developments<\/span><\/p>\n

2022 was a busy year for construction on Menkes sites. With a wide spread of projects of different scales across the GTA, Downtown developments like Adagio<\/a> and The Whitfield<\/a>\u00a0progressed into active construction sites while managing the delicate surrounding built form, while developments like Lake & Town<\/a>\u00a0in South Etobicoke demonstrated the company\u2019s ability to work quickly on a full community scale. Venturing further into suburban GTA, Menkes was hard at work in Vaughan on a pair of multi-tower, mixed-use developments with QuadReal Property Group<\/a> for their Assembly Park Community<\/a>. One of the projects, Mobilio<\/a>, was able to begin occupancy last year.\u00a0<\/p>\n

Mobilio began occupancy in 2022, image by Edward Skira<\/span><\/p>\n

Along with construction progress, Menkes’ other Vaughan project also notched a significant win: the 2022 BILD Awards proved a success, with Menkes coming away with the hotly contested award for Project of the Year. The award recognized the developers\u2019 achievement in the creation and activation of Festival Condominiums<\/a>, Menkes’ other multi-tower high-rise development currently under construction on the south side of the growing Vaughan Metropolitan Centre.\u00a0<\/p>\n

Festival Condominiums was a hot topic in 2022, winning the BILD Project of the Year award, image courtesy of Menkes Developments<\/span><\/p>\n

The awards season also proved fruitful for one of Menkes’ existing buildings:\u00a0the company\u2019s efforts over the last years in sustainable building practices and systems were recognized at the Building Owners and Managers Association (BOMA) conference, earning the BOMA Canada Earth Award for their Downtown Toronto commercial development, Telus House<\/a>. The 30-storey structure, completed in 2010, was the first office building in Canada to earn\u00a0Fitwel<\/a> certification, and continues to be recognized for its accomplishments in raising the bar for sustainability and personal health of all those working in the AAA class commercial development.\u00a0<\/p>\n

30-Storey Telus House earned the BOMA Earth Award for sustainability, image by UT Forum contributor drum118<\/span><\/p>\n

The accolades didn’t end there, however. In April, Menkes’ recently completed Waterfront Innovation Centre claimed two titles at the NAIOP Real Estate Excellence Awards, heralded as the top investment deal of the year in both the office and general categories. Additionally, an annual study from Altus Group, a leading resource for real estate data, positioned Menkes in first place among builders in Canada for pre-construction high-rise sales in 2021. The same rankings also found that Menkes\u2019 Festival Condominiums was the top-selling new condo project in Canada in 2021, claiming the title for the second consecutive year<\/p>\n

Beyond their efforts in building and launching new projects, Menkes was able to pursue a number of philanthropic initiatives throughout 2022 as well. As part of their commitment to the wider community of Vaughan outside the Assembly Park development, Menkes donated $1,000,000 to the Mackenzie Health Foundation, benefitting healthcare in that city. More money was also raised at the developers\u2019 charity golf tournament, which brought in a total of $160,000 at the 22nd annual event.\u00a0<\/p>\n

After another year that was as busy as ever for Menkes, we can expect more milestones to come in 2023. Stay tuned for our next coverage of Menkes\u2019 work in the GTA coming in February, and don\u2019t forget to check out the various database files linked below to learn more about their portfolio of projects.<\/p>\n

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UrbanToronto has a research service,\u00a0UrbanToronto Pro<\/a>, that provides comprehensive data on construction projects in the Greater Toronto Area\u2014from proposal through to completion. We also offer\u00a0Instant\u00a0Reports<\/a>, downloadable snapshots based on location, and a daily subscription newsletter,\u00a0New Development Insider<\/a>, that tracks projects from initial application.<\/p>\n\n\n
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