October 15, 2012
Real estate development proposals that would dramatically alter the center of Canada’s biggest city are coming fast and furious these days. The latest, from the real estate arm of one of Canada’s biggest pension funds, is a massive, 3 billion Canadian dollar (US$3.06 billion) downtown casino and entertainment center not far from the edge of Lake Ontario.
Oxford Properties Group—part of the Ontario Municipal Employees Retirement System—said the proposed Oxford Place would be one of the largest urban redevelopment projects on the continent, housing a new casino and hotel complex, retail, office and residential space and 4,000 underground parking spots. The plan, designed by London-based Foster + Partners, also calls for revamping and expanding downtown Toronto’s sprawling Metro Toronto Convention Centre to make it one of the five biggest in North America. More
Johnson, K. (October 12, 2012) Retrieved October 15, 2012 from http://blogs.wsj.com/canadarealtime/2012/10/12/as-toronto-weighs-casinos-oxford-puts-its-cards-on-the-table/