Scotia Plaza is a commercial skyscraper in the city of Toronto, Ontario, Canada. Originally built to serve as the global headquarters of Canadian bank Scotiabank, it is in the financial district of the downtown core bordered by Yonge Street on the east, King Street West on the south, Bay Street on the west, and Adelaide Street West on the north. At 275 m (902 ft), Scotia Plaza is Canada's third tallest skyscraper and the 52nd tallest building in North America. It is connected to the PATH network, and contains 190,000 m2 (2,045,143 sq ft) of office space on 68 floors and 40 retail stores.
Olympia and York developed the complex as an expansion of the adjacent headquarters of Scotiabank and the bank continues to occupy approximately 24 floors of the structure. Olympia and York owned the complex from its completion until the company was liquidated due to overwhelming debt in 1993. Scotiabank led a consortium of banks to purchase the mortgage for Scotia Plaza and over the next five years, it purchased additional shares from its partners until it was the property's majority owner.[9]
On January 19, 2012, Scotiabank announced it would sell the iconic building[9] and on May 22, announced a final agreement with Dundee Real Estate Investment Trust (now Dream Office REIT) and H&R Real Estate Investment Trust for $1.27 billion, making it the last of Canada's major banks to divest ownership of its Toronto headquarters property.[10] In 2016, H&R and Dream sold 50% of the building to KingSett Capital and AIMCo; in 2017, Dream sold its remaining 50% stake in 2017 to the same two companies.[2] In 2022, Scotiabank relocated its global head office to the recently completed Scotiabank North tower at 40 Temperance Street in Toronto, part of the Bay Adelaide Centre complex.[11] The bank continues to retain a significant corporate presence at Scotia Plaza, having renewed a 560,000-square-foot lease in 2021.[12]
^"Scotia Tower". Skyscraper Center. CTBUH. Retrieved 22 September 2017.
^ ab"Dream Office REIT selling Scotia Plaza stake, other assets for $1.7 billion, cutting investor payouts". The Financial Post. 2017-06-23. Retrieved 21 April 2018.
^"Scotia Plaza". CTBUH Skyscraper Center.
^"Emporis building ID 112572". Emporis. Archived from the original on March 3, 2016.
^Scotia Plaza at Glass Steel and Stone (archived)
^"Scotia Plaza". SkyscraperPage.
^Scotia Plaza at Structurae
^"Scotia Plaza". York Excavating and Grading LTD. Retrieved 2013-04-09.
^ abGrant Robertson; Boyd Erman; Steve Ladurantaye (19 January 2012). "Scotiabank set to sell Bay Street tower". The Globe and Mail. Retrieved 2013-04-09.
^Steve Ladurantay; Grant Robertson (23 May 2012). "Scotiabank's landmark Toronto tower sells for record $1.27-billion". The Globe and Mail. Retrieved 2013-04-09.
^"Scotiabank 2022 Annual Report - English" (PDF). Bank of Nova Scotia. Retrieved 2023-11-03.
^"Scotiabank renews 560,000-sq.-ft. Scotia Plaza lease". RENX. Retrieved 2023-11-03.
ScotiaPlaza is a commercial skyscraper in the city of Toronto, Ontario, Canada. Originally built to serve as the global headquarters of Canadian bank...
construction of the city's and Canada's second and third tallest buildings: ScotiaPlaza and the TD Canada Trust Tower. After this boom, the city went through...
including the Royal Bank Building at 20 King Street West adjacent to ScotiaPlaza, the RBC Centre at 155 Wellington Street West, and the building complex...
the PATH network. The underground concourse has PATH connections to ScotiaPlaza to the south and Hudson's Bay Queen Street to the north. There is also...
REIT, for $582 million. In May 2012, Dundee REIT and H&R REIT bought ScotiaPlaza for $1.3 billion, the highest price ever paid for a Canadian office building...
credit unions in Canada List of banks in the Americas ScotiaScotia Place ScotiaPlazaScotiaLife Financial Scottish-Canadian Scotiabank Arena Scotiabank...
Salesforce Tower San Francisco United States 150,000 1,070 326 61 2018 ScotiaPlaza Toronto Canada 149,000 902 275 68 1988 Citigroup Center New York City...
rebranded to RBC Capital Markets, BMO Capital Markets, CIBC World Markets, and Scotia Capital, respectively.[citation needed] Nonetheless, their bank holding...
the plaza. The outside wall of the atrium features a 50 by 80-foot (24 m) video screen overlooking the plaza which was inspired by similar plazas at L...
Quinte Courthouse, Belleville, Ontario Royal Bank Plaza, Toronto San Stefano Grand PlazaScotiaPlaza, Toronto Shanghai Securities Exchange Building, Shanghai...
Marvellous Mmmuffin shop. By 2019, the chain had only two stores, one in the ScotiaPlaza food court in Toronto and the other in the Montreal suburb of Côte-Saint-Luc...
Canadian Place The St. Regis ScotiaPlaza Aura TD Canada Trust Tower One Bloor Commerce Court West Harbour Plaza East Harbour Plaza West Ten York TD Bank Tower...
including Royal Bank Plaza at Bay Street and Front Street, the Royal Bank Building at 20 King Street West adjacent to ScotiaPlaza, RBC WaterPark Place...
highest sign in the world from 1975 until overtaken by the sign atop CITIC Plaza in 1997. The roof is still the location of a number of antennas used for...
contains the First Canadian Place, Toronto-Dominion Centre, ScotiaPlaza, Royal Bank Plaza, Commerce Court and Brookfield Place. This area includes, among...
Hall (John Street and King Street West) Royal Bank Plaza (Bay Street and Front Street West) ScotiaPlaza (King Street West and Yonge Street) Sheraton Centre...
largest cinema after civil rights pioneer Viola Desmond". CBC News Nova Scotia, November 9, 2022. "TIFF Bell Lightbox / KPMB Architects". Archdaily.com...
Como Coquitlam". Skyscrapercenter.com. Retrieved January 6, 2022. "3 Civic Plaza - The Skyscraper Center". www.skyscrapercenter.com. Retrieved September...
intersection — the Bank of Montreal at First Canadian Place, Scotiabank at ScotiaPlaza, the Canadian Imperial Bank of Commerce (CIBC) at Commerce Court, and...
includes a hotel tower, opened in 1976 as the Hotel Plaza II, a sister hotel of the nearby Park Plaza Hotel. The hotel suffered a deadly fire in 1982. It...
Global Information
