Here at the Toronto Star’s NewInHomes.com, we love to talk all things real estate. We scour the Internet looking for new and interesting real estate stories to share with our readers, and we try to be at the forefront of interesting developments on their way to Toronto.
One potential development that seems interesting is at The Metro Toronto Convention Centre. We can hear you now: “A development at the Convention Centre, you’re crazy!” Well, perhaps so, but there do seem to be others who are envisioning a residence on the site.
Rewind back to August of 2011 when the Convention Centre was sold for a rich $250 million to Oxford Properties. We knew they must have had big plans for the site, given its size and location. Well, according to a recent article in RENX, it’s looking as though Oxford could be revealing those plans sooner rather than later.
“We are very optimistic that over time we can make this whole site spectacular, and it can involve more retail, it can involve more residential density,” said Oxford president and chief executive Blake Hutcheson, to RENX . “We have nearly a mile now of Front Street that we will be able to play with over the next several decades,” he continued. “I am hoping that someone is going to look down and say that it was a good decision to buy the MTCC complex.”
Wow, I’m not sure about you, but we are getting really, really excited to take a look at what Oxford may have in store for us at the Convention Centre. Could this be a spot where we see a signature tower like Absolute Towers in Mississauga? Imagine the skyline with three towers rising above the Metro Toronto Convention Centre! Imagine the impact the new and rejuvenated retail could bring to Front Street. This is one development that if pursued, could have a monumental impact on our city.
What do you hope to see on Front Street? Perhaps something along the lines of New York’s Hudson Yards Redevelopment Project, one in which Oxford is a major player?