What Toronto Will Look Like in 5 Years: Major Construction Underway
Toronto is quickly growing into one of the most diverse cities in the world. It seems that in recent years, there has been a development boom, and Toronto’s real estate market shows no signs of slowing down. The projects have increased in stature as towers are growing taller, and the number of buildings in each development is climbing higher. As the city continues to grow, Torontonians are wondering what the city’s skyline will look like once all of the projects are completed.
With some of the city’s tallest structures being built, the skyline is expected to change dramatically in the near future. There are several new additions being planned in the city that will surely transform the city’s landscape.
There is a massive construction project currently underway at the corner of Spadina Ave. and Front St. called The Well.
According to the developer, the site is the equivalent of 10,000 backyard swimming pools. It will be home to 1800 residential units, more than 400,000 square feet of retail and dining space and one million square feet of office tower space.
The name plays partly on words from its marketing slogan – eat, shop, live, work, and play well and partly on the reference to Wellington St. W. at the north side of the development.
The project is expected to be completed in the next 3 to 5 years.
The Well is just one of several large scale super-developments reshaping the city.
Toronto developer Sam Mizrahi has broken ground on The One on the corner of Yonge and Bloor Streets. Upon completion, The One will be the tallest residential and retail tower in Canada, slated to be 308 meters tall and 85 stories high. The billion dollar building will have 416 luxury residential suites ranging from 650 to 9,000 square feet and will feature over 175,000 square feet of commercial and retail space.
Sam Mizrahi wanted to create a shopping destination similar to New York’s Fifth Avenue and Chicago’s Michigan Avenue. The first 18 floors will be retail with floors 19 through 85 designated for residential living.
Sidewalk Labs, a firm owned by Google’s parent Alphabet, is designing a district in Toronto’s Eastern Waterfront to tackle the challenges of urban growth. It hopes the project will become a model for 21st-century urbanism. Sidewalk Labs promises to transform the disused waterfront area into a bustling mini metropolis, one built "from the internet up", although there is no timetable for when the city will actually be built.
Dan Doctoroff, the company’s head and former deputy mayor of New York, told the BBC the project was “about creating healthier, safer, more convenient and more fun lives”.
It will be interesting to see these developments come to life in the next few years as Toronto continues to put its mark on the map as an urban oasis fueled by innovation and technology.
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