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The first four-star, full-service hotel built here in two decades has arrived in the burgeoning South Core. We checked in with Jennifer Worden on launch day for Delta Hotels and Resorts' new TO flagship.  The 40-storey hotel has 567 guest rooms and 17k SF of meeting and conference space, including a 4k SF terrace. “This is how most people will experience the new brand of Delta,” Jennifer tells us, noting Delta boldly “went dark” in downtown Toronto for 18 months as it awaited construction of the new digs, having moved out of its previous location at Bay and Gerrard. The company's countrywide brand repositioning involves new and redesigned hotels, flexible customer service, and integration of tech, like web-configured TVs and a mobile app.  Particularly noteworthy about Delta Toronto, says Jennifer, snapped in a festive setting at the hotel, is its double-height lobby (seen below, perfect for visiting basketball teams), with a sweeping staircase, artwork by emerging Canadian artists, and choice views of the surrounding city: “It's like Toronto is oozing into the building.” The hotel includes SOCO Kitchen + Bar, a 150-seat restaurant, meant for the community as well. Most condos in the area are pretty small, Jennifer points out, “so we wanted to make this a comfortable place where people can come and hang out.”  The South Core is an apt location for Delta to make a fresh start. "SoCo" intermingles new office towers and condo buildings with Rogers Centre, Air Canada Centre, the CN Tower, Ripley's Aquarium and the convention centre; it's a true mixed-use neighbourhood and new centre of gravity for the city. “The energy down here is so vibrant and hip,” Jennifer says. For so long Torontonians marked their place in the city by looking from Bloor Street southward. “Now you can stand in SoCo, look up, and see Toronto in a whole new light.” |
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INTEL REPORT: 2015 Canadian Real Estate Trends |
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What You Don't Know About Michael Caplice A day after being named Cushman & Wakefield's new GTA market leader, Michael Caplice tells us he'll bring a unified approach across the firm's GTA operations. Pictured with C&W's new GTA operations director Cheryl Manore, Michael says the company restructuring is aimed at increasing collaboration among its Mississauga, Etobicoke and downtown office teams, and providing greater consistency in recruitment, training and business development.  Who: Michael Caplice. Photo: Getting set to surf the break in Tofino, B.C., with wife Teresa, and kids Sam (12), Dennis (14), Sophie (10) and Layla (8). Education: B.A. from St. Francis Xavier University (Nova Scotia) First real estate job: Junior office leasing professional at Royal LePage Commercial in 1995. (Left to join Manulife Real Estate in 2002. Came to Cushman in 2012 as senior managing director for Toronto office leasing.) First-ever job: Paper boy for the Toronto Star. I was 9. My cart was an old orange crate on top of a baby carriage with go-kart wheels. My dad made it. What he learned: I had my first physics lesson. I discovered it was easier to pull something through the snow than push it. Hobbies or interests: I've got four kids, so family is important. And I like to cook, if it involves meat / animal-based protein. Favourite vacation spots: My wife and I've spent a lot of time in the Caribbean; we've visited many of the islands. And we recently took the kids out to B.C. for an adventure holiday (as seen above.) |
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Financial Services Giant Plans Big Multifamily BuyApartment Realty Advisors could be sold for $110M. Keep reading to see who the buyer is. |
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Oxford Cup Ends In Dramatic Shootout |
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 The 250 spectators at the championship game of the 30th annual Oxford Cup hockey tournament were treated to a thrilling shootout victory by Cushman & Wakefield's squad over arch rivals CBRE. C&W's win was “fitting,” tournament organizer and Oxford Properties Group leasing VP John Peets tells us. “They won the first ever Oxford Cup in 1985.” The C&W group, which captured the A Division trophy, is pictured above savouring the victory. |
 In all, 12 teams from the Toronto brokerage community competed, with CBRE's secondary squad winning the B Division final over the mixed-shop team from Cresa and Devencore. The CBRE boys are pictured above with legendary former Maple Leafs tough guy Tie Domi, who handled the ceremonial puck drop. The event raised money for the SickKids Foundation / Paddon Family Pediatric Stroke Fund, which John says has topped $30k over the last six years thanks to $4k raised at this year's tourney. |
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Real Estate Jargon Explained The commercial real estate business contains cool shorthand to make us sound smart, savvy and “inside.” However, we'll bet that there are many critical terms you still may not know, or want to know more about (but are afraid to ask). Bisnow Education's latest video gives you the glossary, and a clear explanation of each buzzword/term that will make you sound awesome at your next meeting. From LTV to NOI and all the alphabet soup in between, Peter Linneman, Wharton's Real Estate program founder and chairman, shares his extensive experience in easy-to-understand segments, term by term. This video is available to you for just $99, or purchase the entire Bisnow Education library for only $449. Watch a sample here, and order yours for personal enrichment or staff training. For group licenses, contact Will Friend at will@bisnow.com. Don't nod and pretend to understand when you really don't – get this video today. |
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