2023 Spring Issue - 62
light-rail transit (LRT) line along Hurontario Street
at Steeles Avenue. Brampton's Vision 2040 calls
for the city to add 136,000 dwelling units, 385,000
residents, and more than 185,000 jobs in the next 17
years. At the project's center will be the 52-acre (21
ha) Uptown site-a dense, walkable, well-designed
transit-oriented community with residences, office
space, a school, a community center, a library, daycare,
arts and culture spaces, and access to nearby
riverside parks.
ULI Toronto, in partnership with the Future of
Infrastructure Group, wrote a recent report on the
Uptown Brampton project, viewing it through different
lenses-transit, economic development, climate,
and social equity. They also held workshops for
stakeholders and the public. " The idea was to try
and address all these perspectives in the planning
stages, " says ULI Toronto executive director Richard
Joy. " The project stands a better chance of success
in building a multidimensional hub with this kind
of process. "
For the first phase of the development, RioCan
plans to build 750 residential units close to the
planned LRT terminal, and eventually spread housing
from there to 5,000 units at full buildout. The development
is still in its planning phase; the hope is to
power the site with some combination of geothermal
and district energy. Says Katipunan, " this will be a
location where people can do everything they would
want to do in their lives-working, shopping, learnOnce
complete, the
243-acre (98 ha) site
of Downtown Markham
will house more than
10,000 residents,
nearly 6 million square
feet (557,000 sq m) of
office and retail space,
and 72 acres (29 ha)
of landscaped green
space.
ing, and living-without ever having to drive or park
a car. "
That said, plans are still in flux as all stakeholders
try to assess the lingering impacts of the pandemic.
" Post-COVID, there is a change in what people want, "
he adds. " We are anticipating demand for larger
units and different amenities. " The pandemic has
also thrown the office market into upheaval, with 14
percent of the Toronto financial district's leasable
space now vacant. Katipunan says that could affect
the residential/commercial mix for Uptown Brampton;
a decision will not be made until the project reaches
phase two. " No one has a crystal ball that can see 20
years into the future on this issue. "
Sizing Up the Issues
Post-pandemic market shocks are not the only kink
still facing Toronto's emerging TOCs. Another is how
best to determine the increase in property values that
transit expansion creates.
" In the last 10 years, it's become clear that the
value created by a new LRT station exceeds what gets
captured in new property taxes, " says Rowan Mills of
Colliers and vice chair with the Future of Infrastructure
Group. Municipalities are looking to developers to
return some portion of those gains to the community,
be it through parks, public spaces or services,
contributions to infrastructure costs, or investments
in affordable housing. " There are many ways to do it,
but the principle is now entrenched: governments are
62
URBAN LAND SPRING 2023
COURTESY OF BDP QUADRANGLE/THE REMINGTON GROUP
2023 Spring Issue
Table of Contents for the Digital Edition of 2023 Spring Issue
2023 Spring Issue - Cover1
2023 Spring Issue - Cover2
2023 Spring Issue - 1
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2023 Spring Issue - Cover3
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