Vandyk Properties has unveiled additional details on the transformational Grand Central Mimico project – a new, master-planned, transit-tailored community located in the Mimico Triangle in South Etobicoke.

Recognized as a priority “regeneration area” by the City of Toronto, the Mimico Triangle is strategically positioned in proximity to many of Toronto’s major arterials, including the Gardiner Expressway, The Queensway and Lake Shore Boulevard.

Transformational project

Vandyk has begun the master-planning of this area as majority owners in this new district through Grand Central Mimico. The transformational project will encompass more than two million sq. ft. of mixed-use development that spans over four city blocks and nine proposed towers, anchored by more than 1.85 million sq. ft. of new residential living and 200,000 sq. ft. of commercial and employment opportunities. As a regeneration area and a new master-planned neighbourhood, the provincial and municipal commitment to promote significant investment and intensification in the area presents a unique opportunity for end-users and investors alike.

Identifying the potential of urban growth and infrastructure is what initially piqued Vandyk’s interest in revitalizing the 55-acre Mimico Triangle. One of Toronto’s most prominent waterfront landmarks, The Humber Bay Arch Bridge, provides pedestrian and cyclist access between Mimico and the High Park neighbourhood in Old Toronto. Mimico’s Royal York Road is known for its charming shops, authentic character, artisan foods, and cafe culture – all within walking distance from Grand Central Mimico.

Transit-oriented community

The vision is to create a transit-oriented community that supports a vibrant public realm while seamlessly redefining conventional understanding of Toronto’s geography with its immediate connectivity to an upgraded Lakeshore West GO line and the planned Ontario Line currently underway. With Vandyk Properties as the majority landowner in the area, it allows for the team and its partners to create a cohesive, new urban experience. Key improvements in the surrounding area include the creation of the future 1.25-km Greenway, a multi-use path along the rail corridor with a new pedestrian bridge overpass, as well as new and expanded commuter parking facilities and a new pedestrian pick-up and drop-off area for Mimico GO Transit riders, and a new 12-acre active sports field currently under construction by the City of Toronto.

The Buckingham, the first condominium in the Grand Central Mimico District, will include 751 condominium units with a variety of different unit styles appealing to nearly all buyer demographics spread; approximately 20,000 sq. ft. of retail space, to be anchored by an urban grocery store and restaurants; and approximately 30,000 sq. ft. of office space. The commercial components will be in the podium below the residences. Units at The Buckingham will begin in the $400,000s.

The second and third phases of the project will also be mixed-use, primarily residential, with 2,500 additional units and a new Mimico GO Transit station. Vandyk Properties anticipates the opening of the Experience Centre for spring 2021 to launch condo sales.

vandyk.com