Commerce Court Wins BOMA Earth Award
June 30, 2010
Toronto’s Commerce Court recently received the 2010 Earth Award in the Office Park Category and BOMA BESt Level 3 Certification from the Building Owners and Managers Association (BOMA) of Toronto. The award is the most prestigious and comprehensive program of its kind in the commercial real estate industry, recognizing excellence in environmentally sound office building management, says BOMA.
Situated at King and Bay in the heart of Toronto’s financial district, Commerce Court is owned by the British Columbia Investment Management Corporation (bcIMC). The four building, four acre, 2 million-square-foot office complex is rich in tradition with the historical Beaux-Arts jewel, Commerce Court North, surrounded by three modernist structures, including the iconic, stainless steel Commerce Court West tower, all designed by internationally renowned architect I.M. Pei.
Commerce Court introduced energy conservation measures such as upgrading to a new state-of-the-art tenant metering system, which resulted in a five per cent reduction in energy consumption or 1,350,000 kWh saved each year. Tenants have also been instrumental in achieving an 84 per cent waste diversion rate in the equivalent of 41,000 tonnes of waste diverted from landfills.
Additional measures include upgraded lighting, heating and electrical power conditioning systems and the innovative Deep Lake Water Cooling System. The cooling system was installed in 2005 and continues to save an average of 6,768,911 kWh per year or 11 per cent of the building’s total energy consumption.
“A priority is establishing an ongoing environmental leadership position for Commerce Court,” says Chuck Swanson, Vice President of bcIMC. “We were delighted to learn that our prudent but progressive approach to capital investments and sustainable initiatives has resulted in us achieving this recognition. Today, Commerce Court offers a comfortable and environmentally-friendly environment, and we applaud our tenants for their efforts in helping us make this happen.”
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