With the continued expansion of transit in our city's suburbs, we are starting to see growing density and functionality like never before. Today we have been made aware of another project planned for the Vaughan Metropolitan Centre, or VMC. Calloway REIT, in a joint venture with SmartCentres, is planning to develop a 53-acre area situated on the future location of the Vaughan Centre Station, connecting workers and residents with the GTA at large. Calloway is planning a whopping 6 million square feet of commercial, residential, and retail space over the coming years.
The first building to start construction on this future urban centre is a Diamond Schmitt-designed 14-storey office complex. Lead tenant KPMG, one of Canada's largest accounting firms, is expected to take occupancy in 2015 when the building is complete. The building is expected to employ 1200 people and feature a direct connection to the future subway station along with the new regional bus terminal via an underground pedestrian tunnel. Along with the 300,000-square-foot KPMG Tower, a major park, civic square and various associated projects are in the mix.
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Related Companies: | LiveRoof Ontario Inc, Precise ParkLink |