Located in the heart of Toronto’s financial district, First Canadian Place is a Canadian landmark. Standing 72-storeys high, the building remains Canada’s tallest office tower.
As a combined entity, Altus Group’s involvement with First Canadian Place spans 36 years.
Project involvement began in 1970, 5 years prior to completion of the building in 1975.
Services we have provided include:
COST CONSULTING
Original involvement: 1970
- Project and redevelopment budget reporting
- Construction logistics analysis
- Bond-financing related loan monitoring
REALTY TAX
Original involvement: 1992- Representation of owners on annual assessment appeals
- Tax rebate and reduction services
- Annual tax allocation schedules for tenant recovery purposes
RESEARCH, VALUATION & APPRAISAL
Original involvement: 1999
- Underwriting for mortgage bond purposes
- Annual reporting
- Lease/value sensitivity analysis