One of the largest issues facing the Toronto land development industry in the past few years is infrastructure and transportation. With a city as vibrant as Toronto – we see 100,000 people come to the GTA every year – it’s crucial that people be able to move around our city with ease.
When the subway was introduced in 1954 it connected the neighbourhoods of Toronto from Union to Eglinton along Yonge Street and brought vibrancy to the city. Transit Toronto states that, “it is unlikely that Toronto could have seen the development it has seen without the construction of the Yonge subway in 1954. It is the keystone of the growing network within the growing heart of the city.”
Toronto development continues to resonate around the subway system. The corridor of Yonge St. between Sheppard and Finch grew extensively after the subway opened. In the last decade this area has transformed into a bustling business hub, which has brought new residential buildings (approx. 20,000 units in the last decade) and people to the area – reinvesting back into the community.
We see the same thing happening across Eglinton Avenue. According to BlogTO; Eglinton Avenue is the only street in Toronto that passes through all of TO’s former borroughs. With no transit to connect one to the other, the street see’s a mix of high-end and low-end communities. This will change with the introduction of the Crosstown LRT.
The LRT is a 5 billion dollar investment in city building infrastructure, that will consist of 25 stations along 19 kilometers from Jane street to Kennedy. Over the next 5 years Eglinton will see new forms of urban planning combining mix use developments with new retail and commercial opportunities. The untapped potential of this neighbourhood will come to life as new industry and people move into the area, similar to the energy seen at Yonge and Sheppard. The people currently living near Eglinton will reap the biggest benefits of this transformation.
While the next few years still see some major construction, it’s a small price to pay for helping to create one of the best connected neighbourhoods that make up one of the best cities in the world.
Eglinton West will no longer be the street you pass to get on the Allen Expressway, but a series of connected neighbourhoods that will change the way you live, work and play in Toronto.