Commercial Property Spotlight: Union Park
1.6 min read
Toronto has been noted as a global powerhouse for mixed-use developments, and with the addition of Union Park, this will only be reinforced. Union Park is a 4.3 million-square-foot mixed-use complex that will sit on a 4-acre site in downtown Toronto. Envisioned and developed by Oxford Properties, the $3.5 billion development will build upon and complement the city's iconic landmarks.
Oxford exclaims that Union Park will deliver the largest mixed-use development in Toronto's history and comprise office space, community-serving retail, residential rental suites, public realm improvements, and a large park. Below is what to expect from the redevelopment:
Three acres of green space, in the heart of downtown Toronto, including a two-acre urban park built over the Union rail corridor connecting to the future Rail Deck Park
3.3 million square feet of office space
Approximately 800 rental residential units, including family-oriented housing; and 200,000 square feet of high-quality retail
Although the development has no set completion date yet, it is noted to become the best expression of a mixed-use community in the city of Toronto.
Learn more about Union Park.
References
Oxford Properties. (n.d.). Union Park. unionparkto.com. Retrieved April 5, 2022, from https://www.unionparkto.com/
Urban Toronto. (n.d.). Union park: Urbantoronto. News. Retrieved April 5, 2022, from https://urbantoronto.ca/database/projects/union-park-0
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