Commercial Property Management Services

Since Greenrock has commenced property management services, Postmedia Place has tripled in value and has reduced tenant vacancy to just 2.5%. Postmedia Place recently achieved Energy Star Certification, holding a rating of 86%, placing the building in the top 25% of its class and operating at a 92.6% waste diversion rate. Year over year, in 2019 Postmedia Place has achieved a 11.6% reduction in energy use, 14% better than the BOMA average for its class, saving $343,051 in energy costs and 2,774,234 ekWh in power.

With the help of Postmedia Place’s tenants, Greenrock’s IMPACT Team, The Greenrock Charitable Trust, and Greenrock Management, 101 backpacks full of school supplies and $1,000 was donated to the Start2Finish (S2F) backpack program. The S2F backpack program works with local school boards and administrators to deliver vital school supplies to low-income children across Canada.

Originally awarded in 2016, Postmedia Place and Greenrock Property Management Limited was recently re-certified in Building and Management Excellence which designation is valid for three additional years.

Greenrock’s IMPACT Team, The Greenrock Charitable Trust, The Latners Foundation and Postmedia Place granted $10,000 to be donated on behalf of the tenants at 365 Bloor during the holiday season. At the Tenant Appreciation Holiday Breakfast, in the lobby of 365 Bloor, a donation of $10,000 was accepted by Natasha Hoyte on behalf of The Redwood. The Redwood provides programs and services to support women and children to live and thrive without abuse, homelessness and poverty.

BOMA (Building Owners and Managers Association) Earth Award: A recognition of excellence in resource preservation and environmentally sound commercial building management. Awarded for best performing building in the City of Toronto in the 250,000 to 499,999 square feet category.

Real-Time Hydrometer Monitoring

After registering with the OPSaver Program, real time monitoring that displays Postmedia Place’s electricity use was installed and provides an opportunity for occupants and visitors to better understand and appreciate Greenrock’s commitment to sustainability. Postmedia Place successfully reached a 10% energy reduction target between 2016 and 2018.

The annual Green Initiatives Program was conducted with Green for Life (GFL) with the goal of increasing tenant awareness around recycling. Electronic recycling containers were placed in the lobby, along with live videos of recycling and informational pamphlets on a variety of environmentally-friendly schemes.

Postmedia Place earns BOMA Best Platinum certification: a sustainable buildings certification that recognizes excellence in energy and environmental management and performance in commercial real estate. The certification is recognized as a consistent framework for assessing the environmental performance and management of existing buildings of all sizes. The Platinum certification is the highest certification achievable and signals operational excellence.

Race2Reduce Crest (Commercial Real Estate Sustainability Trailblazers) Award. This award was granted to PMP for collaborative excellence in energy reduction and community engagement. The initiative promotes landlord-tenant partnerships to improve energy efficiency.

Postmedia Place’s 2018 Earth Hour Challenge

Postmedia Place entered the BOMA Toronto and WWF Canada Earth Hour Challenge, and achieved a 42% reduction in hydro consumption (252kWh).

Greenrock undertook a third-party energy audit to verify energy reduction levels were on pace with target objectives. To help achieve reduction targets, Postmedia Place underwent a LED light retrofit to reduce energy consumption. The HVAC system was also recommissioned and rebalanced to ensure optimal heating and cooling within the building.

Postmedia Place registered with the race2reduce program and is awarded the race2reduce founding participant plaque. The aim of this program is to reduce building operating costs and improve overall energy efficiency.

Postmedia Place and Greenrock Property Management Limited are awarded the 2016 Building and Management Excellence certification.

Greenrock, with the aid of an energy consultant, creates an energy management plan to achieve a target 2.5% energy reduction throughout Postmedia Place. One key aspect of this plan was to analyze utility consumption data and recalibrate building amenities to ensure energy was not wasted during off business hours.

Greenrock develops fourteen Energy-Efficiency Measures (EEMs) to help reduce the overall energy consumption of Postmedia Place.

Notable EEMs include:

• The two-pump system was replaced with a more efficient variable speed three pump system.
• Building insulation was renewed to prevent heat and cooling loss.
• White reflective rocks were placed on the roof to reflect the sun’s rays.

365 Bloor Street East is officially rebranded from Greenwin Square to Postmedia Place.

Greenrock begins floor by floor renovations to help modernize the workplace. Greenrock implements a new environmental strategy to divert building waste and reduce building energy consumption. As a result, Postmedia Place is recertified to BOMA Best Gold status.

Greenrock Real Estate Advisors and Shiplake Properties formed a strategic partnership with Postmedia Networks and rename 365 Bloor Street East to Postmedia Place. Greenrock develops innovative strategies to improve building efficiency.

The major capital projects include: new office lobby and exterior entrance, 9 floors of common area renovation including washrooms, a new property management office with high tech boardroom facility for tenant use, structural refurbishment and modernization of the parking facility, renovation of the 345 Bloor retail common area, 8 elevator modernizations, and installation of a new cooling tower and HVAC system.

365 Bloor Street East is awarded BOMA Best Silver certification and is operating at a 51% waste diversion rate.

By fall 2011, plans to reposition 365/345 Bloor Street East were underway. A key aspect of this project was the formation of an Ownership Committee and the addition of an Asset Manager to lead the process. Parking renovations had begun to upgrade the lighting, signage, security and technology of the parking facility.

At the beginning of 2011, the vacancy rate at 365 Bloor Street East was approximately 30%. The building was in need of renovations and new direction.