Mixed-use

The One

Designed by internationally renowned architectural firm Foster + Partners, the 306m tower will be Canada’s first supertall skyscraper. The One is a mixed-use development that includes over 750,000 square feet of hotel, retail, restaurant, entertainment, and luxury residential space in Toronto’s chic Yorkville neighbourhood.

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Location
Toronto, Canada
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Services
Development Management
Project Management
Advisory Services
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Status
Scheduled to be completed in 2027
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Challenge

To ensure fiscally responsible project completion as owner representatives.

Strategy

As a trusted partner, Knightsbridge acts as an extension of the ownership group. Currently, Knightsbridge is providing the day-to-day functions normally undertaken by the owner including all project management and development management needs with an ongoing design lens towards sustainability, as well as advisory support for a court-supervised sale and investment solicitation process (SSIP).

Solutions

Upon appointment, Knightsbridge managed a selection process to contract a new construction manager and implemented record keeping processes and budget plans for greater and more transparent financial accountability and cost management. We advise regularly on materials and processes to minimize environmental impact where possible and continue to manage the project on a day-to-day basis as an extension of the ownership group.

Outcome

The project is scheduled for completion in 2027.