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Live-work-play development comes to Toronto’s prime business district

Duncan McAllister – Metro

Toronto’s business district is creeping southwards towards the lake. The South Core district is Toronto’s exciting new live-work-play community. There’s a flurry of development activity going on at the moment that includes the complete revitalization of Union Station, a brand-new GO bus terminal and several prominent commercial and residential towers all currently under construction.

What makes this area different than other international cities is that outside of a few gazillion-dollar, über-elite condo suites, you seldom see such a mix of residential, retail and recreational choices located right in the heart of the business district.

Comment: Which is good. Mixed use is the way to go. Let people live near work and work near play. It makes for vibrant cities.

One York Street Condos
Transit plays a big role in all of this. Metrolinx has been tasked with completing the Union Station renovation in time for the 2015 Pan-American Games. GO transit has long outgrown its busy regional bus depot located across Bay Street. A deal has been struck with commercial developer Ivanhoe Cambridge to build a new GO Bus terminal and two commercial towers at 45 and 141 Bay St., the site of an existing parking lot on the south side of the CN rail tracks. A spectacular, inner-urban green space will extend over the tracks to provide pedestrians with a link to the new station.

As of October of this year, you can walk all the way from Union Station south to Queens Quay through a network of connected glass bridges that run underneath the Gardiner Expressway.

Menkes is well underway with the construction of their One York and Harbour Plaza developments, composed of a new commercial tower and two residential condominium towers and an enormous retail podium at street-level. “A decade ago, that whole area was just this wasteland of parking lots,” says Menkes spokesperson, Mimi Ng. “We’ve got 1,300 condominium residences that we’re building in two towers; they’re 69- and 65-storey towers.”

Of the proposed 200,000 square feet of retail space, the anchor tenant will be a spacious Target Store occupying the second and third storeys of the podium. In addition, a section of Harbour Street will be transformed into a pedestrian promenade which will see an existing Gardiner off-ramp converted into a public park.

Across the street at 10 York Street, Tridel’s new condominium development is underway. In a unique collaboration, Tridel has partnered with Build Toronto, an independent land development organization previously owned by the city. The 65-storey tower with 665 suites is slated for completion in the summer of 2017.

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Contact Laurin Jeffrey for more information – 416-388-1960

Laurin Jeffrey is a Toronto real estate agent with Century 21 Regal Realty.
He did not write these articles, he just reproduces them here for people who
are interested in Toronto real estate. He does not work for any builders.

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Summary
Live-work-play development comes to Toronto's prime business district
Article Name
Live-work-play development comes to Toronto's prime business district
Description
The South Core district is Toronto's exciting new live-work-play community. There's a flurry of development activity going on at the moment.

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