Oxford Properties is planning a CAD3.5bn ($2.7bn) mixed-use development on a four-acre site in Toronto. Union Park will be the property company’s largest development, outside the CAD25bn Hudson Yards scheme in New York, and one of Canada’s biggest property schemes. The Toronto development will include 800 office towers, of 58 and 48 storeys, two rental apartments and 200,000 sq ft of shops, with three acres as public space. Toronto’s increasing technology and financial services sectors have fuelled an office demand. Oxford is the property operation of the Ontario Municipal Employees Retirement System.
Oxford Properties is planning a CAD3.5bn ($2.7bn) mixed-use development on a four-acre site in Toronto. Union Park will be the property company’s largest development, outside the CAD25bn Hudson Yards scheme in New York, and one of Canada’s biggest property schemes. The Toronto development will include two office towers, of 58 and 48 storeys, 800 rental apartments and 200,000 sq ft of shops, with three acres as public space. Toronto’s increasing technology and financial services sectors have fuelled an office demand. Oxford is the property operation of the Ontario Municipal Employees Retirement System.