Our growth continues with the single biggest development project in Canada
The Spadina subway extension opening in December 2017 along with the YRRT bus terminal and VIVA bus rapid transit system converge at the VMC, serving as the growth catalyst behind this new, vibrant downtown core.
LOCATED ONLY 25 KM NORTH OF DOWNTOWN TORONTO at the intersection of Highways 400 and 407 in the City of Vaughan, the Vaughan Metropolitan Centre (“VMC”) is an exciting and unparalleled emerging urban core within the Greater Toronto Area (“GTA”). This 400-acre planned downtown for the City of Vaughan will provide all the amenities of a vibrant city centre including direct access to a multi-modal public transit hub. The VMC will be served by a new TTC subway station which is part of the Spadina subway extension, a York Region Rapid Transit bus terminal, the new VIVA Bus Rapidway Transit System and the 400 series highway network within the GTA.
SmartCentres® co-owns and manages the development of 100 acres of land within the greater 400-acre VMC area. The SmartCentres® master plan is designed to accommodate up to 16 million square feet of development including 10 million square feet of residential, 4 million square feet of office and 2 million square feet of retail. At full build-out, the SmartCentres® lands will be home to over 20,000 residents and 16,000 employees.
Named SmartCentres Place, the first development within the VMC is the KPMG Tower – a 15-storey, 365,000-square-foot targeted LEED Gold office building. This Class A office building provides 65,000 square feet of retail and amenity space along with 300,000 square feet of office space based on highly flexible floor plates of approximately 22,800 rentable square feet. The building will also have a direct underground pedestrian connection to the TTC subway station, York Region Rapid Transit bus terminal and VIVA Bus Rapidway Transit system. With KPMG as its lead tenant, the building opened in October 2016 with other developments currently underway. Click here to learn more about this featured property.