B+H Architects (B+H) has signed a lease with Menkes Developments and TD Greystone Asset Management for 23,008 square feet of office space at 320 Bay Street, also known as The Permanent. The heritage building is prominently situated on the southwest corner of Bay and Adelaide streets. The firm is the building’s first tenant.
The 300,000-square-foot building is currently undergoing a major restoration which will improve the quality and service of the space. Expected occupancy is set for spring 2020.
As project design architect, B+H, will be providing design direction for key public spaces, preserving the building’s historical architectural elements while balancing them with new, modern amenities for future tenants. The revitalization also includes an updated lobby façade entrance which will link the 320 Bay and 304 entryways into one public lobby, in addition to significant electrical and mechanical upgrades.
“Playing a significant role in the preservation and transformation of this landmark example of heritage architecture located on ‘centre ice’ in Toronto’s financial corridor is a great honour,” said Patrick Fejer, senior design principal, B+H.
In addition to its unique amenities, the building is perfectly positioned in the core, connecting its occupants and visitors directly into Toronto’s underground PATH network (which leads to First Canadian Place).
“We are incredibly excited to call The Permanent the future home of B+H’s Toronto studio,” said Bill Nankivell, CEO, B+H. “The new location will be a launchpad for the firm’s continued global growth and a space that will reflect our guiding vision of creating bold and inspiring spaces across new sectors and typologies, creating unprecedented opportunities for our people.”