TORONTO — Omer’s Oxford properties is proposing a $3-billion project in Toronto that will include a renovated and expanded Metro Toronto Convention Centre, a hotel and casino complex and a 5.5-acre urban park.
“Oxford has a considerable vested interest both in this project and in the downtown core of the City of Toronto. We have engaged an extraordinary team to develop the very best plan for this site and to transform this entertainment and commercial hub into a world-class destination. Every detail is being planned in a professional and tasteful way to ensure success for all stakeholders. We would not take this on if we did not think we could deliver a bull’s eye solution to this complex issue, and we will work with stakeholders to deliver an extremely positive result for the City of Toronto,” said Blake Hutcheson, president and CEO, Oxford Properties in a statement.
In addition to expanding the convention centre, an urban park connecting the core to the waterfront and a hotel and casino complex, the project will include new retail, office and residential spaces and 4,000 new sub-grade parking stalls.
Purported to be the largest urban redevelopment project in North America, it will be privately funded and located on the south side of Front Street, bounded by Simcoe Street and Blue Jays Way.
The City of Toronto is reviewing the plan.