May 3, 2007

Toyota Canada breaks ground for dealership as part of innovative community

Toronto, Ontario – Toyota Canada Inc. and Rowntree Enterprises broke ground yesterday for Lexus on the Park and Toyota on the Park in Toronto, the first step in a multi-phase project that will combine the two automobile dealerships with shops, services and an adult lifestyle retirement residence. The project is located on the site of the former Inn on the Park Hotel in Don Mills, Toronto’s first planned community.

The development will renovate a number of existing structures on the site to bring them to current building code and environmental best practices, while new buildings and other features will incorporate stylistic elements and materials from the originals to pay tribute to the Inn on the Park design, which was built in 1963.

“Rowntree Enterprises has been serving Toronto as a member of the Toyota family since 1979, and when Toyota introduced its luxury brand to Canada in 1990, we were one of the first Lexus dealers in the country,” says Bryan Rowntree, company president and CEO. “I’m therefore proud that our company, with Toyota Canada’s support, is creating a new model for the urban automotive dealership. Lexus on the Park and Toyota on the Park establish a new benchmark for design, environmental responsibility and integration into the existing community.”

The dealerships are expected to open by the end of 2007, and will feature the sharp lines, horizontal banding and cantilevered designs of the original hotel, as well as incorporate fieldstone from the original structure. Work will begin this year on the exterior of a 24-story tower that will be remodelled as a 126-suite retirement residence, and next year, work will commence on a new complex attached to the residence, featuring a health club, spa and flexible retail space with coffee shops and clothing stores.

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