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Notice to the Extraordinary General Meeting of Citycon Oyj

Notice to the Extraordinary General Meeting of Citycon Oyj
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Oxford makes US$2B urban living bet on Toronto skyscrapers

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 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, 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.

Oxford makes $2 5 billion urban-living bet on skyscrapers in midtown Toronto

Article content 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. We apologize, but this video has failed to load.

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