The Globe and Mail will occupy the top five floors of a 17-storey building at 351 King Street East in downtown Toronto. Employees will start moving at the end of fall 2016.
After a 10-month search for new office space, The Globe and Mail announced it will occupy the top five floors of a 17-storey building at 351 King Street East in downtown Toronto. Employees will start moving at the end of fall 2016, according to a memo sent by publisher and CEO Phillip Crawley.
“At a time when our industry is surrounded by uncertainty, where the only certainty is rapid change, the creation of a new home for The Globe and its principal asset, its people, creates a vision full of promise and opportunity,” Crawley said in the memo. “Others may be going downhill fast, but we are going up in the world—to the 13th floor and above.”
The new building will be called the Globe and Mail Centre. According to an article in the newspaper, the building’s developer, First Gulf, is still looking for other tenants to occupy the remaining floors of the 500,000 sq. foot development, and the Globe and has signed a 15-year lease.
The newspaper was initially expected to move to a new tower adjacent to its current building at King Street and Spadina Avenue. The newspaper’s parent company, Woodbridge, cancelled the plans after the ground breaking ceremony.
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