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City Council unanimously adopted ModernTO, which sets out a new approach to optimize the City’s real estate assets while helping the City modernize its office space and save money, at its October 29, 2019 meeting.
The office optimization plan – developed by CreateTO in partnership with the City’s Corporate Real Estate Management (CREM) group – is a five-year, self-funded strategy that will reduce and revitalize the City’s office footprint through the reduction of third-party leases and the co-location of staff. In addition to reducing City office locations from 52 to 20, the plan is meant to achieve a modernized way of working for staff, while creating a more collaborative and efficient workplace.
ModernTO is the first application of the City-Wide Real Estate Strategy, which was also outlined in the staff report adopted by Council on October 29.