Ontario Construction News staff writer
Bird Construction Inc. says it has negotiated a fixed price construction services contract with Concert Properties for the Sherbourne Project in Toronto for approximately $172 million. Construction is scheduled to start in early May.
The Burke is a residential tower consisting of 53 floors with a gross floor area of 43,300 sq. m, combining residential spaces with retail components, and incorporating an existing heritage building. The residential portion has a total of 501 suites with a combination of studios, one-bedrooms, two-bedrooms, and 50 three-bedroom units, with approximately 180 underground resident parking spaces.
“Bird and Concert Properties have a strong partnership, and a proven track record of success in this market for many years. We are pleased to be given this opportunity to further build on this partnership while delivering another marquis project in downtown Toronto”, said Bird CEO and president Teri McKibbon.
“This award highlights our success in diversifying our work program as we continue to balance the risk profile of our backlog in Ontario and across the country. It also reaffirms the commitment of our teams who execute operational excellence for our longstanding clients, strengthening our position to deliver long term shareholder value.”
The new building will be constructed to a LEED gold standard, leveraging green building practices and environmentally sound solutions.