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Cadillac Fairview and the Investment Management Corporation of Ontario will build a 46-storey office tower in Toronto that will become the new home of the Ontario Teachers’ Pension Plan.

The commercial real estate company hopes to secure additional tenants before the $800-million building opens in the fall of 2022.

The building will be situated on the northeast corner of Front Street and Simcoe Street in downtown Toronto.

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It will include 1.2 million square feet of office space, 12,290 square feet of retail and 339 parking stalls.

It is part of flurry of recent investments from Cadillac Fairview, including $1.5-billion in office projects and $25-million for the redevelopment of a former Sears location at CF Champlain mall in Moncton.

Since 2000, Cadillac Fairview has been wholly owned by the pension plan, which currently has a head office in North York.

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