From the VMC Development Activity Update:
- The current VMC Secondary Plan established a population target of 25,000 residents and 11,500 jobs by 2031 to achieve the critical mass of a downtown.
- Based on York Region's people per unit assumptions, realization of potential residential development currently represent more than 63,352 residents in 31,996 units moving into the VMC, achieving 267% of residential unit and 253% of population targets identified for the 2031 planning horizon far earlier than expected. These numbers are based on:
- 2,137 units that are occupied
- 4,383 units under construction
- 6,758 units approved by Council
- 5,125 units submitted as part of complete development applications
- 13,593 units identified in pre-application projects (proposed)
- 538,770 ft2 of new commercial office space has been approved, representing 2,176 jobs. This volume amounts to 36% of the 2031 office space target, with two of the projects fully occupied. Three new development applications propose an additional 1,114,544 ft2 of office space, which would increase the volume to 110% of the 2031 office target, and the number of new office jobs to 6,678, if realized.
- 543,994 ft2 of retail uses have been proposed as part of mixed-use developments, representing 72% of the 2031 retail target, and 1,263 jobs, if realized.
- The average density of projects continues to increase steadily with new applications, a factor which must be balanced with an updated and measured delivery of community services and social infrastructure to ensure continuity in establishing a complete community.
- Efforts are being undertaken to maintain a healthy balance between current population density trends and available community services and social infrastructure.
- An update to the VMC Secondary Plan has been initiated to address new provincial and regional policies and to confirm that the framework is still relevant, while considering the nature of existing, approved and proposed development in the VMC.
I don't know if VMC will ever end up capturing the feel of a downtown, but eventually those numbers will have to be reckoned with.