Office tower gossip: another mega-building could be coming to the financial district

With Toronto’s commercial real estate market on a serious roll, there are whispers about another tower planned for the downtown core. Oxford Properties Group (the company behind the TD Canada Trust tower, among other local skyscrapers) recently gave termination notices to tenants at 100 Adelaide West—potentially a sign the company will go ahead with plans for a giant 900,000-square-foot building there. Oxford is already working on RBC WaterPark Place, a 930,000-square-foot development in the waterfront office zone, but real estate watchers say the company wouldn’t be poaching tenants from itself because the lakefront and the financial district are, in essence, two sub markets. If Oxford can sign a lead tenant (OMERS is reportedly interested), then this development is likely a go. [Financial Post]