The Torontification of Manhattan
The Torontification of Manhattan
Three T.O.-based real estate power players, apparently not satisfied with the dandelion-like spread of skyscrapers in our core, have invaded the high-rent mecca of NYC
Manhattanite carpetbaggers have long trekked north to snap up our real estate. Finally, the reverse is true. Since the recession, three T.O. companies have been buying up New York turf like a real-life Monopoly game. Here, the players and properties.
OXFORD PROPERTIES
Headquartered on Bay Street and owner of 48 properties in the GTA. Toronto’s Blake Hutcheson is CEO.
BROOKFIELD OFFICE PROPERTIES
Canadian since the 1920s. Its global head office is on Bay Street. President Tom Farley earned his stripes here.
HBC
North America’s oldest corporation, with headquarters in the Simpson Tower. Bonnie Brooks is vice-chair of the board.
Start the slideshow of properties they’re scooping up »
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- Oxford’s Hudson Yards project will transform a rail yard into a sparkling $15-billion residential and commercial mini-city by 2025. It will contain roughly five times the square footage of the Eaton Centre and become home or work to 40,000 New Yorkers. <em>Tenth Ave. and West 34th St.</em>
- (Image: courtesy Oxford Properties)
- Mini-City on the Hudson
- Mini-City on the Hudson
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- This mid-rise ziggurat houses the Associated Press and the <em> U.S. News and World Report. 450 West 33rd St.</em>
- (Image: courtesy Oxford Properties)
- Hell’s Kitchen Media Hive
- Hell’s Kitchen Media Hive
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- The Manhattan West development, near Penn Station, will comprise one residential and two commercial towers, each expected to rise more than 60 storeys and feature 91,725 square feet of public space, nearly twice the city requirement. <em>West 33rd St. and Ninth Ave.</em>
- (Image: courtesy Oxford Properties)
- West-Side Triple High-Rise
- West-Side Triple High-Rise
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- The Grace Building <br /> is a 49-storey, 1.6-million-square-foot commercial tower with a flared base and walls that arc skyward. <em>1114 Avenue of the Americas.</em>
- (Image: courtesy Oxford Properties)
- Bryant Park Skyscraper
- Bryant Park Skyscraper
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- The sleek 35-storey office tower is home to CIBC and PwC. It cost $300 million to build. <em>300 Madison Ave.</em>
- (Image: courtesy Oxford Properties)
- Madison Avenue Financial Hub
- Madison Avenue Financial Hub
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- Saks’ flagship store occupies a city block across from the Rockefeller Center and is estimated to be worth $600 million. <em>611 Fifth Ave.</em>
- (Image: Reuters)
- Midtown Fashion Mecca
- Midtown Fashion Mecca
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- The 44-storey building covers an entire square block between 46th and 47th streets and has almost three times the floor space of the Air Canada Centre. Major League Baseball and Heineken are tenants. <em>245 Park Ave.</em>
- (Image: courtesy Oxford Properties)
- Midtown Monolith
- Midtown Monolith
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- HBC’s purchase of Lord and Taylor in 2012 included the company’s 10-storey Italian Renaissance Revival building in midtown, a site well known for its animated holiday window displays. <em>424 Fifth Ave.</em>
- (Image: via Wikimedia Commons)
- Fifth Avenue Shopping Nook
- Fifth Avenue Shopping Nook
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- The Brookfield Place complex is so large that it connects to 11 subway lines and has its own zip code. A waterfront esplanade with outdoor seating and gardens links the six buildings. <em>Vesey St. and Hudson River.</em>
- (Image: courtesy Brookfield Office Properties)
- Battery Park City Super-Complex
- Battery Park City Super-Complex
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Nicholas Cameron | Map by Aleksandar Janicijevic
Manhattanite carpetbaggers have long trekked north to snap up our real estate. Finally, the reverse is true. Since the recession, three T.O. companies have been buying up New York turf like a real-life Monopoly game. Here, the players and properties.
OXFORD PROPERTIES
Headquartered on Bay Street and owner of 48 properties in the GTA. Toronto’s Blake Hutcheson is CEO.
BROOKFIELD OFFICE PROPERTIES
Canadian since the 1920s. Its global head office is on Bay Street. President Tom Farley earned his stripes here.
HBC
North America’s oldest corporation, with headquarters in the Simpson Tower. Bonnie Brooks is vice-chair of the board.
Start the slideshow of properties they're scooping up »
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er.. World Financial Center was developed by those obscure Torontonians the Reichmanns in the early 80s