Toronto Skyline with Oxford Place Towers (Future Render) Updated June 2013: Casino portion of the project rejected. Oxford remains committed to the Norman Foster designed Supertall Skyscrapers which will reach 326 meters or 1070 feet.
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Toronto's Skyline with Oxford Place embedded into the image. Things are starting to roll out fast, still might be a ten year build out before this project really gets moving. Until then we have these amazing renderings to keep us going.
About Oxford Place
Oxford Place will be large scale global real estate development in the heart of the Entertainment District of downtown Toronto. The property is located on Front Street, with Simcoe Street on the East and Blue Jays Way on the Western edge.
Project to be financed by the private sector, Oxford Place would be one of the largest urban redevelopment projects in North America. The plan includes: an upgraded and expaned Metro Convention Centre; significant new retail, office and residential space; 4,000 new sub grade parking stalls; and an integrated casino and hotel complex.
About Ascension Health Ventures
Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy.
For more information, go to www.ascensionhealthventures.org.
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Global Financial Markets (Factor: Negative)
The global financial markets seems to be on the rebound, from late last year and continuing into the new year, the stock markets of the key global players has been improving in performance. So why is this a negative for Toronto and our economy in general? Well, if you remember the Financial Crisis, after the initial shock of the collapse Toronto actually did quite well, the cause of this was that International Money was looking for a safe place to go and hide, and as far as investors there is no better place to stash your money than Toronto, as it's safe, it's global and has a solid reputation for financial stability. A global Financial rebound is bad for Toronto, as cash now has other places to go to get a good return. The easy ride will be over for us here.
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