Union Park Toronto

Massive new downtown development set to transform Toronto's skyline

People of Toronto, meet Union Park: A sparkling new 4.3-million-square-foot retail, office and residential complex just north of the CN Tower that, if approved, would be the largest development of its kind in Canadian history.

The global real estate giant Oxford Properties Group just dropped plans for what could be the most transformative project ever to hit Toronto, complete with renderings showing how much the downtown core could change over the next decade.

The $3.5 billion project would not only see four new mega-towers rise on the four-acre site just next to Toronto's Metro Convention Centre (among other things), it would bring a massive "urban park" to the space atop the Union Rail corridor.

union park torontoThe City's own long-awaited (and tenuously-planned) Rail Deck Park, would lie just west of the site, and would compliment the new park between Blue Jays Way and the John Street Bridge.

Designed by Pelli Clarke Pelli Architects with support from Toronto’s own Adamson Associates, the larger project entails 3.3 million square feet of office space across two towers of 58 and 48 stories in the downtown core.

Two additional towers rising 44 and 54 stories high would be reserved for roughly 200,000 square feet of retail space and 800 rental apartments — a mix of one, two and three-bed apartments units with an integrated day-care on site.

union park torontoOxford also plans to extend Toronto's PATH system west from the Skywalk to Peter Street as part of the development and build, among other things, a "winter garden" for citizens to enjoy during the frosty winter months.

"This is a transformational project in one of the most exciting development nodes in Toronto," said Oxford's North American EVP Eric Plesman in a release issued Wednesday.

"Befitting its status as one of the largest redevelopment projects in North America, and the largest in Toronto's history, Union Park will feature world-class design from a globally-renowned architecture team,"  he continued. 

"We are creating an ambitious project that adds to Toronto's ongoing evolution as a world-class city to live and work in."

union park torontoThe project, should it meet the City of Toronto's regulatory laws and standards, is also expected to bring 22,000 construction jobs and 18,000 direct jobs into the city.

Coupled with housing for the people who get said jobs, it's a good look.

"This development will bring tens of thousands of jobs to Toronto and will create a progressive new workplace and community for working and living," said Plesman.

"The population in Toronto's core has exploded over the past decade, and our family-friendly multi-bedroom apartments and day-care will help to address the need for housing that allows families to continue living in the core."

union park torontoOxford, which owns the entire proposed redevelopment site, as well as 11 acres along Front Street, says that it has already started a public engagement process for Union Park.

The company is also working with the City of Toronto to align their plans and says it will "be working collaboratively with key stakeholders to advance the municipal entitlement process."

Should everything go smoothly, construction could start as early as 2023.

Lead photo by

Oxford Properties Group

Latest Videos

Latest Videos

Join the conversation Load comments

Latest in Real Estate

This $2 million Toronto home is almost all original from 1912

Ontario updating rules governing real estate sector in favour of buyers and sellers

Toronto home prices expected to decline even further in 2024

Someone in Toronto is renting out a makeshift room in their apartment for $800 per month

New condo prices in Toronto have dropped by double digits and developers are worried

Abandoned 120-year-old Niagara Falls power station to become $200 million hotel

Reports say Doug Ford will expropriate Ontario Place to build his Toronto megaspa

Owner insists no plans to redevelop a pair of iconic Toronto landmarks