Menkes Developments Ltd.

Menkes Developments Ltd. is a Toronto real estate developer and one of the largest developers in the Toronto area.[1][2] Menkes Developments is one of Canada's largest private real-estate developers.[3]

Menkes Developments Ltd.
TypePrivate
Founded1954 (1954)
FounderMurray Menkes
Headquarters
Key people
Alan Menkes
(President, High-Rise Residential)
Steven Menkes
(President, Low-Rise Residential)
Peter Menkes
(President, Commercial/Industrial)
ServicesConstruction, Real estate development, Hospitality industry
Websitewww.menkes.com

History

Menkes Developments Ltd. was founded in 1954 by Polish-Canadian Murray Menkes to develop single-family homes in the Toronto area.[4] In the 1960s, Menkes Developments grew out of the single-home development into apartment and condo rental buildings. Toronto's first condominium was registered by Menkes Developments in 1969.[5] In 1976, Menkes Developments established a condo division for the company.[6]

Menkes Developments saw an opportunity for development in North York in the 1980s. In 1984, Menkes Developments built a high-rise office tower on Yonge Street which later became the Canadian headquarters for Procter & Gamble. Following the successful development of the Proctor & Gamble building, the North York area gradually became an economic urban centre due largely to Menkes Developments.[7] In 2006, Menkes Developments began the construction of a $250 million 30-storey tower called 25 York Street. The lead tenent of 25 York Street was Telus Corporation occupying 60% of the building.[8][9] 25 York Street was completed in 2009 and it was the first building by Menkes Developments to be awarded LEED certification.[10]

In 2018 Menkes Developements partnered with Greystone Managed Investments on the developments at Sugar Wharf on Queens Quay. The first phase of the Sugar Wharf development began in 2018 by Menkes Developments on a new office tower called 100 Queens Quay East.[11]

Real Estate

Empress Walk

Empress Walk is a retail and condominium complex developed by Menkes Developments. The complex was built in two phases with the first completed in 1997. The second phase of Empress Walk was completed in 2000. Empress Walk was the first large-scale lifestyle complex in Toronto.[12] Empress Walk became the most successful development by Menkes Developments.[13]

References

  1. "Menkes Developments Ltd". Bloomberg.
  2. "Menkes Developments". Urban Toronto.
  3. O'Toole, Megan (April 26, 2013). "Legendary developer dies at 87". National Post.
  4. Mandel, Charles. "Menkes condo sales towers above its competitors". RENX. Real Estate News Exchange.
  5. Belford, Terrence (July 14, 2001). "Village builder: Menkes Developments". National Post.
  6. Gray, Jeff (May 23, 2013). "Quiet shaper of Toronto's skyline was on ground floor of city's condo boom". The Global and Mail.
  7. Hanes, Tracey (July 16, 2015). "North York's evolution has made fans of residents and builder Menkes Developments". Toronto Star.
  8. Marr, Garry (July 12, 2006). "It's easy being green". National Post.
  9. "Toronto's 25 York Street". Honeywell.
  10. Bitti, Mary (December 24, 2009). "A Towering Success". National Post.
  11. "Construction starts on Toronto's Sugar Wharf". Daily Commercial News. January 18, 2018.
  12. Greer, Shelly (October 18, 2008). "A self-contained community". National Post.
  13. Hanes, Tracey (December 12, 2009). "Beyond the Bricks: Alan Menkes". Toronto Star.
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