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Rex Award Nomination Signals Change For Oxford

Rex Award Nomination Signals Change For Oxford


When it comes to perception, Oxford Properties nomination in the Office Development of the Year category for 111 Richmond St W in next months NAIOP Rex Awards (celebrating excellence in CRE) reps a sea change of sorts for a company seen as one of Canadas big, central, conservative A players. We have re-positioned it as a boutique office building in a large A-Class complex, says Oxford VP of real estate management David Costello. It speaks to the whole movement of live/work/play downtown, the revitalization of the area. Young people want to work in a vibrant environment like that. (Generation Y prefers every technological advancement except for transportation. They prefer to walk.) Six months after it opened, it's 93% leased. It demonstrates that we have an entrepreneurial spirit, and we are nimble enough to come up with concepts that are outside the norm.

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