The Rise of Mixed-Use Urban Spaces in Toronto
2 min read
In recent years, Toronto’s skyline has transformed with the growing trend of mixed-use developments. Toronto’s rich and diversified economy allows various public and private partnerships to emerge to create new, dynamic urban spaces.
Many developers prioritize sustainability and environmental consciousness when designing new mixed-use developments that merge commercial, residential, retail and recreational spaces. There are a variety of projects proposed or currently underway in Toronto for master-planned communities that offer housing, community centres, public spaces, and commercial spaces all in one location. The Well, Pinnacle International One Yonge and Concord Park Place are examples of master-planned communities within Toronto.
The Well, Toronto’s first true mixed-use community, is a unique development that allows people to eat, shop, work, live and play in one place. Pinnacle International’s One Yonge is a waterfront development that offers a unique mix of residential, commercial, and retail space. Concord Park Place, the second largest master-planned community in Toronto, features residential towers, a community centre, an 8-acre park, and a variety of restaurants.
These mixed-use developments are prime examples of how the strategic use of space can create cohesive communities that cater to the needs of Toronto’s diverse and growing economy.
References
McLean, S. (2024, June 26). Public-private ventures on rise to create mixed-use urban spaces. RENX. https://renx.ca/public-private-partnerships-to-create-new-mixed-use-spaces
Luxe Beat Magazine. (2024, January 19). Exploring Toronto’s Dynamic Commercial Real Estate Boom. Luxe Beat Magazine. https://luxebeatmag.com/exploring-torontos-dynamic-commercial-real-estate-boom/
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