Real estate developer and manager Oxford Properties Group, alongside partner CT REIT, has submitted a rezoning application for Canada Square to redevelop the 9.2-acre midtown site with a 3 million ft2 mixed-use masterplan in Toronto, Canada.
Situated at the southwest corner of Yonge Street and Eglinton Avenue, the proposal features five mixed-use towers with more than 650,000ft2 of new office space, street-related retail, 2,700 new homes, new community amenities and landscaped open spaces, improved transit infrastructure and dedicated community space, in several phases.
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At the core of the project is the open space, with around half of the site dedicated to delivering new outdoor space for the community.
Oxford Properties vice president for development Andrew O’Neil said: “The rezoning application marks an exciting milestone for the redevelopment plan and builds on the stakeholder engagement process that Oxford initiated back in 2017.
“Through continued collaboration with stakeholder groups including the local community, the City of Toronto and transit agencies, we believe our masterplan proposal will deliver significant community benefits and unlock the potential of this technically complex, transit-connected site in the heart of midtown Toronto.
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“The development will deliver much needed modern workspace, new housing – which is planned to be predominantly rental, transit infrastructure improvements and create substantial new landscaped open space including new parkland. The plan carefully balances the community’s needs while reflecting the site’s location at a major transit interchange and will help maximize the beneficial impact of the Province’s investment in the Eglinton Crosstown LRT.”
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By GlobalDataFor the master plan, Oxford has engaged an architectural design team led by Pelli Clarke Pelli Architects and Hariri Pontarini Architects, with Adamson Associates Architects as executive architect.
OJB Landscape Architecture will create the vision for new open space and public realm.
Intending for a phased implementation strategy, the development plan features a series of three precincts with distinct but complementary identities that blend with the surrounding context.
A mixed-use precinct at the north side of the site will feature an elegant tower that will accommodate 650,000ft2 of contemporary office space and around 420 residential units.
This precinct will be located directly above the Eglinton interchange station for the TTC’s Line 1 subway and Line 5 Eglinton Crosstown LRT. This is being planned as the first phase of the redevelopment.
A residential precinct at the south side of the site will feature four residential towers, including retail and office space for community professional services, such as medical and dental uses, with all oriented around a central courtyard and accessed from a new public street.
The central precinct will provide huge open space and serves to transition the north-south grade changes across the site, while also offering a new accessible east-west route connecting Yonge Street and Duplex Avenue.
A new 10,000ft2 community space also features in the central precinct, with the potential to house a daycare centre, recreation space or other community services.
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The development is expected to deliver modern workspace and new housing. (Credit: Oxford Properties Group)
