Toronto\u2019s Waterfront will be accommodating leading urban innovation promoter MaRS Discovery District via its new 24,000-square-foot tech hub.<\/p>\n
Earlier this week, MaRS and its partner University of Toronto announced that they will soon be completing the acquisition of a lease from Menkes Developments Ltd.<\/p>\n
MaRS will be situated in the HIVE tower.<\/p>\n
Slates for opening in 2021, the Waterfront Innovation Centre is predicted to provide space for around 3,000 new workers, and offer approximately 400,000 square feet of commercial space upon completion.<\/p>\n
Read more: <\/p>\n
CEO Yung Wu said that the move will help Toronto\u2019s rapidly-growing innovation community contribute to the city\u2019s development in a highly accessible and desirable location.<\/p>\n
\u201cToronto is experiencing its lowest commercial vacancy rate ever (3%), making the city the most sought after market in North America,\u201d Wu said. \u201cOur start-ups and partners need more space to scale, and this new development is the ideal location for that growth.\u201d<\/p>\n
\u201cAs Toronto becomes a destination for global talent, venture capital and tech corporations, demand for space is at an all-time high. It\u2019s imperative that we develop new innovative and entrepreneurial hubs in communities across the city,\u201d Wu added.<\/p>\n
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Related stories:<\/strong><\/em><\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Toronto\u2019s Waterfront will be accommodating leading urban innovation promoter MaRS Discovery District via its new 24,000-square-foot tech hub. Earlier this week, MaRS and its partner University of Toronto announced that they will soon be completing the acquisition of a lease from Menkes Developments Ltd. MaRS will be situated in the HIVE tower. Slates for opening […]<\/p>\n","protected":false},"author":5,"featured_media":21419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8006"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=8006"}],"version-history":[{"count":1,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8006\/revisions"}],"predecessor-version":[{"id":21418,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8006\/revisions\/21418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/21419"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=8006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=8006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=8006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}