Plaza on yonge . The large-scale five-tower development project of Yonge and Eglinton will reach 70 floors. A report released by the city of Toronto earlier this month details plans to build five towers at the southwest corner of the North Toronto intersection.Please Visit: Plaza on yonge to Get Your VVIP Registration Today!
According to the report, the development will consist of five towers of different heights, with a total of 2701 residential units and considerable open public space.
The developer behind the project, Oxford Properties, is still waiting for approval from the municipal government for zoning differences before starting, but they have planned the first phase of construction.
The first part of the project will be a 60-story tower with retail stores on the first floor, office space from the first floor to the 27th floor and 420 residential units on the remaining floors.
The first phase will also include a large-scale renovation of pedestrian space, including the replacement of two nearby subway station entrances, the construction of a new bus terminal and the creation of a green space and an open public square in Yonge and Eglinton. The outdoor area covered.
The future construction phase has not yet been finalized, but will include the construction of four additional 70 -, 60 -, 55-and 45-storey towers. The 70-and 60-storey towers will include retail uses, while the 45-storey towers will include undesignated community uses.
This is what the Toronto skyline will look like in 2030 (video). To complete the 520-acre massive reconstruction project in Downsview, two office buildings, parking structures and decommissioned bus terminals that currently occupy the land need to be demolished.
Public outdoor space is a major part of the plan and will include:
Yonge-Eglinton Square. It will be built on the central community green space on the new bus terminus. The open space of the middle block in the center of the venue, connecting Yang Street and the duplex avenue. Build a new public park of 1835.75 square meters along the duplex road. A residential courtyard, including a private residential driveway for the proposed tower in the future phase. Berwick Parkette at the southern end of the site. The covered outdoor area above the entrance to TTC in the middle block. The elevation of the area will be higher than that of Yang Street, and it is proposed to connect the green space of the central community and Yang Street-Eglinton Square.
New York City expects the development to add significant value to the region, saying it will become a “major center of economic activity”, a “civic and cultural center” and a “priority area for retail and service use to meet daily needs-the daily needs of Midtown residents and workers, and attract tourists from the city as a whole.”
These buildings may have some expensive residential units, but according to the report, some of them are likely to be affordable.
