Expo City by Cortel Group
VMC’s first residential community, EXPO City, is well underway. Located at the eastern gateway to the VMC, the first two towers are now occupied. Towers 3 and 4 are now under construction.
SmartCentres announced today that they have signed a 10-year lease transaction with Scotiabank in the PwC-YMCA Tower at SmartCentres Place in the Vaughan Metropolitan Centre (“VMC”).
Scotiabank will occupy 26,500 square feet, with 23,000 square feet of office space on the 8th floor of the Tower, with the balance for a retail branch in the lobby of the Tower. Occupancy is targeted for Fall 2019.
It’s not often you get to see an entirely new urban community being built from the ground. But that is exactly what’s happening at the Vaughan Metropolitan Centre (VMC) northwest of Toronto.
The former commercial and retail site, at Jane and Highway 7, is ranked as one of Canada’s largest master-planned communities to date. When finished, it will be transformed into 440 acres of residences, retail and scenic walkways and greenery.
The Project Podcast
KPMG is one of the “big four” accounting firms and has over 200,000 employees across the globe. The firm’s practice in the Greater Toronto Area was growing and needed to find a new regional headquarters. At the same time KPMG was looking for a new headquarters, the city of Vaughan had a new Mayor who was focused on building a new and vibrant central business district.
A year and a half since the Toronto-York Spadina Subway extension brought the City’s rapid transit network north into Vaughan, a new downtown is rapidly taking shape around the new northwestern subway terminus at Vaughan Metropolitan Centre. The most significant project currently underway as part of the 100-acre master-planned community forming around the station is SmartCentres’ and CentreCourt’s Transit City at SmartCentres Place.