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THE FREED DIFFERENCE Seventy5 Portland Sixty Colborne Thompson Hotel Renderings are ar=st’s concept. E.& O.E.
Best Opportunity In Toronto. Design has arrived in midtown.
Midtown Today • Yonge -‐Eglinton area in midtown Toronto is an Anchor Hub in the GTA • 21,000 people live in Yonge-‐Eglinton within 1 km of the sta=on • 16,800 jobs within 1 km of the Yonge-‐Eglinton sta=on • 76% or 15,960 people rent their homes • Ages 25 to 46 – Young & Eligible • $76,749 average household income with 56% only single households 42,680 daily pedistrian count at Yonge-‐Eglinton • Top 2 reasons for choosing to live in midtown intersec=on compared to downtown Bay-‐Dundas is access to public transit & central loca=on daily pedestrian traﬃc at 35,585 • 60% take public transit Sources: Metrolinx, City of Toronto /Global News: Top 25 Walking Intersec=ons in Toronto (June 9, 2011), City of Toronto 2011 Living in Downtown and the Centres Survey 3
Midtown Tomorrow • An=cipated condominium inventory under construc=on or in pre-‐construc=on sales stage totals 2,572 units (Berwick, Allure, Madison, 30 Roe, 101 Erskine, Econdos) • Shortage of future condominium supply to meet rental demand • Future shopping centres, retail and businesses • New jobs coming to the area • LRT to draw new growth in the commercial and retail as employers lease space close to transit Source: RioCan Yonge and Eglinton Centre. Rendering is ar=st’s concept. E&OE. 4
Future Transit Eglinton-‐Scarborough Crosstown LRT • $8.4 billion dollar infrastructure investment • Connects between 52 km of new light rail transit • Links to 54 local bus routes, three TTC interchange subway sta=ons and GO Transit. • Will run underground from Black Creek Drive to Laird Avenue, and above ground to Kennedy Sta=on. • Once complete, will cut transit =me in half along this important mid-‐town corridor. • Construc=on is currently underway and expected comple=on is 2020. Source: Metrolinx – Toronto Light Rail Transit Projects 5
Future Transit – Travel Time Eglinton-‐Scarborough Crosstown LRT Es=mated travel =me from Mount Pleasant using LRT and/or subway to: Downtown – 15 minutes York University – 30 minutes Pearson Airport – 45 minutes Scarborough – 20 minutes Es=mated travel =me provided by TTC and Eglinton-‐Scarborough Crosstown 7
Connected to Everything Walk Score 97 5 MINS 2 MINS NORTHERN SECONDARY SCHOOL 8 MINS 2 MINS FUTURE LRT 15 MINS 7 MINS FUTURE LRT 5 MINS FUTURE DEVELOPMENT UP TO 2 MILLION SQ FT OF RETAIL & OFFICE 8
Yonge & Eglinton Centre Revitalized • RioCan is currently expanding the Yonge-‐Eglinton Centre upwards and outwards • $100 million towards redevelopment & revitaliza=on • Connected underground to the Eglinton subway sta=on and future LRT Source: RioCan Yonge and Eglinton Centre. Renderings are ar=st’s concept. E&OE. 9
Yonge & Eglinton Centre Revitalized • The Cube will feature three levels of shops surrounded by glass • An integrated stage allows for street par=es and concerts in the square • An addi=onal 40,000 square feet of new space to the complex • Under construc=on Source: RioCan Yonge and Eglinton Centre. Renderings are ar=st’s concept. E&OE. 10