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Toronto Stocks Slip as Consumer Durables, Producer Manufactures Weigh
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Toronto Stocks Slip as Consumer Durables, Producer Manufactures Weigh
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Notice to the Extraordinary General Meeting of Citycon Oyj
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Oxford makes US$2B urban living bet on Toronto skyscrapers
Ari Altstedter, Bloomberg News Toronto , James MacDonald/Bloomberg
Oxford Properties Group Inc. is proposing to turn an area of midtown Toronto thatâs mostly parking lots into a mix of apartments, offices and retail space, a major bet that demand for dense urban living will rebound after the pandemic.
The proposal, submitted to the municipal authorities on Friday, is worth about $2.5 billion, according to a person familiar with the matter. It includes 3 million square feet of commercial and residential space spread among five new skyscrapers at the southwest corner of Yonge Street and Eglinton Avenue.
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Oxford Properties Group Inc. is proposing to turn an area of midtown Toronto that’s mostly parking lots into a mix of apartments, offices and retail space, a major bet that demand for dense urban living will rebound after the pandemic.
The proposal, submitted to the municipal authorities on Friday, is worth about $2.5 billion (US$2 billion), according to a person familiar with the matter. It includes 3 million square feet of commercial and residential space spread among five new skyscrapers at the southwest corner of Yonge Street and Eglinton Avenue.
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