Politicians and industry leaders were out in what will soon be the former parking lot of the Toronto Sun building at 351 King St E for a groundbreaking on First Gulf's 500k SF, 17-storey tower. Come 2016, it will house the new Globe and Mail offices (taking 130k SF). Snapped at the podium is Globe publisher Phillip Crawley, alongside First Gulf CEO David Gerofsky and Toronto Councillor Pam McConnell.

This area will once again become a "hub of economic and urban activity in the heart of Toronto," David announced. "The LEED Gold tower will become a symbol of excellence, innovation and sustainability, with great outdoor amenity spaces, restaurants and cafes." It's the final phase of a two-city block redevelopment of 1M SF, which will add over 5,000 jobs to the revitalized King East office district, he adds. The Globe and Mail's new home will include a large video-editing suite.