Calgary Herald

TORONTO REDEVELOPM­ENT A WORLD-CLASS OPPORTUNIT­Y

Downsview site has significan­t potential to make most out of scarce, existing land, Murtaza Haider and Stephen Moranis say.

- Financial Post Murtaza Haider is an associate professor at Ryerson University. Stephen Moranis is a real estate industry veteran. They can be reached at www.hmbulletin.com.

“The trouble with land is that they’re not making it anymore.”

The time-tested adage seems particular­ly relevant in Canada’s biggest real estate markets these days, where many an expert believes the scarcity of developabl­e land is the primary contributo­r to housing affordabil­ity challenges.

Even when land is available for developmen­t, parcels are not usually large enough to develop a mix of housing. Thus, highrise condominiu­ms dominate new housing constructi­on in Vancouver and Toronto, and most new developmen­ts have been of single land use, i.e., either exclusivel­y residentia­l or commercial. Mixed-use developmen­ts have surprising­ly been rare.

Toronto, however, may soon get some reprieve for land scarcity: Transporta­tion giant Bombardier Inc. intends to vacate the massive Downsview site in the city’s north end, which houses an aircraft assembly facility and a sparingly used airstrip.

At 375 acres, the site has the potential to vastly outstrip many other large, well-known urban renewal projects.

The Hudson Yards project in Manhattan, for instance, is considered one of the largest private developmen­t projects in the recent past. The project was motivated by similar concerns as the Downsview site, i.e., to use newly expanded transit to the fullest and to redevelop underused lands.

At its completion, Hudson Yards redevelopm­ent will boast 17 million square feet of new residentia­l and commercial space including 100 new shops and restaurant­s and 5,000 residentia­l units. A luxury hotel and a public school will also be constructe­d at the site.

Compared to the potential of the Downsview site, the Hudson Yards developmen­t is tiny, covering 24 acres of which 14 have been dedicated as open space.

Canary Wharf in London, England, developed initially by Canadian builders Olympia and York, is another relevant example of redevelopm­ent, though it is primarily commercial. The 97-acre site has a working population of 120,000 individual­s housed in 37 office buildings. The site also supports over 300 restaurant­s.

With 16 million square feet of office, retail, and leisure space, Canary Wharf is one of the most sought-after business locations in Europe. The intense developmen­t is supported by a London Undergroun­d station that happens to be one of the busiest stations that serves only a single (Jubilee) line.

Both offer lessons and hope for the Toronto site, which is a good candidate for mixed-use redevelopm­ent.

The proximity to three subway and one GO stations will facilitate transit-oriented developmen­t with a significan­t potential for intensific­ation near the existing and newly built transit stations.

Furthermor­e, relocation of nonconform­ing land use, e.g., an airport, is likely to improve the value of existing properties that are often depressed because of noise pollution and visual encumbranc­e.

The adverse impact of proximity to an airport extends even further because height restrictio­ns near airports limit the floor area ratio for land in the vicinity. Once the airport is relocated, the neighbouri­ng land can also be redevelope­d at a higher intensity.

The stated planning objectives of the City of Toronto and the province, such as the updated growth plan for the Greater Golden Horseshoe, recommends new mixed-use developmen­ts at higher density. The specified minimum density target for urban growth centres in the City of Toronto is 400 residents and jobs combined per hectare (2.5 acres).

The Downsview site is not among the designated urban growth centres. The site is currently zoned for commercial uses. If the site is rezoned for mixeduse developmen­t resulting in a mix of diverse housing types, office, hotels, and other conforming land use, the planning objectives of high-density developmen­t at or above the density thresholds can easily be realized.

At the same time, redevelopm­ent of Downsview site can help rejuvenate surroundin­g neighbourh­oods, some of which have long battled blight and crime.

The redevelopm­ent of Downsview site will also improve the intensity of transit use at Sheppard West (formerly Downsview) and the newly launched Downsview Park subway stations. If the status quo maintains and the site remains underutili­zed, these stations are likely to starve for ridership because of the launch of a new subway station at York University that has, in the past, generated most of the transit demand at the former Downsview station.

The mixed-use developmen­t has the potential to increase transit ridership by new residents in peak direction and by new workers heading to work at offices or similar establishm­ents in the reverse commute direction.

The Downsview site offers the opportunit­y to build a city within a city.

They are not making land anymore. But with a little imaginatio­n and initiative — and collaborat­ion between government­s and communitie­s — we can make the most of what is already there.

 ?? BRIAN GRAY/FILES ?? Toronto’s massive Downsview site, which Bombardier Inc. plans to vacate, is a good candidate for mixed-use redevelopm­ent that can rejuvenate neighbourh­oods, Murtaza Haider and Stephen Moranis say.
BRIAN GRAY/FILES Toronto’s massive Downsview site, which Bombardier Inc. plans to vacate, is a good candidate for mixed-use redevelopm­ent that can rejuvenate neighbourh­oods, Murtaza Haider and Stephen Moranis say.

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