KPMG Tower by SmartCentres
KPMG, a leader in audit, tax and advisory services, has put down roots in the new Vaughan Metropolitan Centre. KPMG is the lead tenant in the 365,000 square foot Class-A office building owned by SmartCentres
As a developer, SmartCentres is best known for outlet stores at the perimeter of cities—less so for urbanism. Paula Bustard, an executive for the company, recounted how she was in a meeting with the TTC when the transit officials disclosed, without forewarning, that they intended to build a subway station on SmartCentres property in the city of Vaughan. Such an unlikely event is as valuable as it is rare. For SmartCentres, it led to rethinking their entire approach.
A recent proposal from developers Aspen Ridge Homes and Metrus Properties would bring three towers with residential and office uses to 7800 Jane Street.
Currently home to a gas station and low-rise commercial and retail building, the site’s prominent location is poised for a major boost in density, with the Quadrangle-designed project proposing 50 and 60-storey residential towers with heights of 163 and 193 metres, along with a 17-storey office building rising 81.5 metres.
Over the last several years—both while Vaughan Metropolitan Centre subway station was under construction and since its opening in late 2017—a flurry of construction has taken place surrounding this new transit hub.
One of the largest developments is Transit City at SmartCentres Place. Transit City Condos 4 and 5 began constriction in late 2019. In addition to those two most recent condo towers—to rise 50 and 45-stories respectively—the new phase also includes a 36-storey purpose-built rental building, which officially broke ground last week.
The development of SmartCentres and CentreCourt’s 100-acre master-planned community, known as Transit City at SmartCentres Place, is one of the single largest elements in the long-term build-out of Vaughan’s new Downtown. The initial phase of the Diamond Schmitt Architects-designed community is bringing three 55-storey condominium towers to the blocks north of the new Line 1 subway terminus at Vaughan Metropolitan Centre.