Tridel, Hullmark and Kirkor Architects' Hullmark Centre is making its contribution to the long-awaited redevelopment of the properties that surround the intersection of Yonge Street and Sheppard Avenue. Nearly a decade after the Sheppard Subway opened, there are finally major developments happening at the two southern corners of the intersection, the other being Metropia and Pure Plaza's Emerald Park Condos. Being close to public transit was the number one reason people chose to live in the city's several "Centres," as identified in the recent Living in Downtown and the Centres survey. As part of North York Centre, the intersection is of critical importance to the City of Toronto's long-term planning and growth strategy.
The Hullmark Centre is scheduled for completion sometime in 2013, and includes two towers reaching 35 and 49 storeys on a podium that will contain new office and retail space. Along with Emerald Park's retail and office component, Hullmark will not only increase residential density at a major transit node, but also employment density — an important part of mixed-use development. It will likely be considered part of the of the North York Centre Employment District, an area of significant employment along Yonge Street between Sheppard Avenue/Highway 401 and Cummer Avenue as identified by Toronto City Planning's annual Toronto Employment Survey.