Thursday, September 19, 2019

Historic $3.5 billion development coming to downtown Toronto

 

 

As blogged on DailyHive.com, Big changes are coming to Toronto’s iconic skyline.

Oxford Properties has revealed the initial designs for its development of Union Park, a historic, $3.5 billion mixed-use project that includes sprawling office space, nearly 1,000 residential rental units, and the opportunity for three acres of public space including an urban park built over Union rail corridor.

The four-acre site, which is prominently located to the north of the Rogers Centre and CN Tower, is set to be transformed into a 4.3 million sq. ft. mixed-use development, the largest in Toronto’s history and one of the largest ever in Canada.

In addition to 3.3 million sq. ft. of office space, the project also includes 800 rental apartments, 200,000 sq. ft. of retail, and potentially a two-acre urban park over the Union rail corridor.

The development project has been designed by Pelli Clarke Pelli Architects. A firm that created the International Finance Centre in Hong Kong, The Petronas Towers in Kuala Lumpur, and the Salesforce Tower in San Francisco.

To help address the need for better rental options for families in the downtown core, the 800 residential units will include a good portion of two and three-bedroom apartments and a large integrated day-care.

Additionally, the podium levels will feature bright, large office floors of approximately 100,000 sq. ft., which are in high demand by growing tech firms, and the PATH system will be extended west from the Skywalk to Peter Street.

Keep reading and see more images of this exciting project on DailyHive.com

 


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