01 The Opportunity
General Reinsurance (Gen Re) in Toronto, ON required project management services for approximately 10,360 sf. The Toronto Project & Development Services (PDS) team provided Tenant Improvement and Move Management services, realizing extensive benefit for the client. PDS collaborated with C&W Tenant Representation brokers, who had secured the lease for Gen Re.
02 COST SAVINGS/VALUE-ADD
Over the course of the 12-month project, PDS saved Gen Re $500K in construction costs via consultation, site analysis, and selection efforts. The team negotiated TI allowances and the landlord scope of work so the landlord absorbed costs.
Value engineering during design saved $100K and minimized change orders ($33K) which did not impact the budget. The construction management model the team recommended further reduced change order costs.
Value engineering during design saved $100K and minimized change orders ($33K) which did not impact the budget. The construction management model the team recommended further reduced change order costs.
03 ADDITIONAL BENEFITS FOR CLIENT
Seamless Business Continuity: PDS structured the schedule and a swing-space strategy to allow renovation without disruption.
Budget-Conscious Design: Despite budget constraints, the team optimized design by selecting cost-effective materials and finishes, ensuring the project met all functional, technological, and aesthetic objectives.
Enhanced Workplace Environment: The flexible, open, and multi-functional space aligns with Gen Re’s culture and brand and offers a variety of working environments to achieve a top priority of attracting and retaining talent.
Budget-Conscious Design: Despite budget constraints, the team optimized design by selecting cost-effective materials and finishes, ensuring the project met all functional, technological, and aesthetic objectives.
Enhanced Workplace Environment: The flexible, open, and multi-functional space aligns with Gen Re’s culture and brand and offers a variety of working environments to achieve a top priority of attracting and retaining talent.
Tenant Rep Contacts
PDS Contact
