Oxford Annouces Massive Redevelopment of Metro Toronto Convention Centre

Oxford To Remake The Toronto Metro Convention Centre

The Toronto Star, and Market Newswire announced today that Oxford Properties is planning a massive redevelopment of the Metro Convention Site. Including 4 Brand new skyscrapers which will involve demolishing the towers already on site. One of the most important elements of this development will be the decking over of the railway tracks. Decking the railway tracks has been a dream of most Torontoians since forever, and now Oxford is finally making a play to get into our good graces...

By the way, Did I mention, Oxford also wants to build a casino?


From the Toronto Star

Oxford Properties Group announced plans Friday for a $3-billion redevelopment of the Metro Toronto Convention Centre on Front St. W. that would place a casino in the heart of downtown.
The 16-acre project would also include a hotel, retail, office and residential units and 5.5 acres of public parkland extending to the waterfront.
The ambitious redevelopment is contingent on the city’s approval of the casino, said Oxford chief executive officer Blake Hutcheson.
“The casino is a huge catalyst for kicking the whole project off,” he said. “Without the casino, you don’t have the revenue streams to substantially redevelop the entire site, especially the convention centre.”
The casino — 450,000 square feet including amenities — would comprise less than 10 per cent of the project and would be funded, built and operated by a casino operator selected by the province, he said.
Hutcheson said the new convention centre in Vancouver cost $900 million and required large amounts of public funds.
The Oxford proposal requires no city or provincial capital, he said.
“It’s a complete, elegant, private solution to what would otherwise be a complex problem,” he said. “We’re able to completely retrofit (the convention centre) to make it one of, in our view, the best in the continent.”
The project would add 500,000 square feet to the convention centre and connect the South building to the North.

Rendering of the project as depicted by Oxford Properties





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