Latest news with #DanielFournier
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Simons Opens First Urban Toronto Location at Yorkdale Shopping Centre
18th store marks a major milestone in Simons' continued national expansion and reaffirms its investment in the GTA and the future of Canadian retail TORONTO, Aug. 14, 2025 /CNW/ – Simons—Canada's oldest private, family-owned business—proudly opens its doors today at Yorkdale Shopping Centre, marking the company's first urban Toronto store and its 18th location nationally. The two-storey, 118,000-square-foot space reinforces Simons' nation-wide presence as a premier fashion retailer with a unique offering of thoughtfully curated shopping experiences and exceptional customer service. The first of two new locations opening in Toronto in 2025, the Yorkdale store is part of a broader investment of nearly $100M and 400 new employment opportunities in the Greater Toronto Area, contributing to the company's steady and consistent growth in the region and across the country. 'What a pleasure it is to open our doors in Toronto and become part of such a vibrant, creative, and diverse community,' said Bernard Leblanc, President and CEO of Simons. 'This milestone represents many years in the making. Our Yorkdale store reflects our commitment to creativity, design, esteemed service, purpose, community and connection. Because, at Simons, we believe our spaces are more than just places to shop—they are places to discover, to be inspired, and to engage with fashion, Canadian art, and design. We're excited to build meaningful relationships in this dynamic city and welcome both Torontonians and visitors to experience Simons' exceptional customer service.' Oxford Properties has been an important partner in Simons' expansion into the Ontario market, with the family company opening its first store at Square One Shopping Centre in Mississauga in 2016. 'Our entire Oxford team is so proud to welcome this renowned Canadian retailer to Yorkdale as we continue to build on the mix of destination brands available at the shopping centre and delivering a best-in-class retail experience for our shoppers,' said Daniel Fournier, Executive Chair at Oxford Properties. 'We're proud to partner with Simons to open its doors for the first time in Toronto. This is an important milestone for both our businesses, and we congratulate the entire team at Simons on their ongoing success and expansion. Simons is a true Canadian success story, and its fresh and dynamic retailing approach will add even more to our already high-quality offering at Yorkdale and will undoubtedly resonate with our customers.' Design grounded in nature and movement Simons takes a purposeful approach to store design, with every decision aimed at creating a welcoming atmosphere and exceptional customer experience rooted in outstanding service, a strong sense of community, and immersive sensory engagement. Created in collaboration with Gensler Design, Lemay Michaud Architecture and Reliance Construction, the Yorkdale store is guided by the design theme 'Perennial Ephemera,' a concept inspired by natural cycles of light, growth, and transformation. From layout to lighting, every detail was considered with the customer in mind, designed to feel open, warm and welcoming while supporting shoppers' journeys through curated style environments. Art as the connector 'As with all Simons locations, art plays a vital role in shaping the in-store experience,' said Bernard Leblanc, President and CEO of Simons. 'Fashion is art, and we see art as the ultimate connector, enabling our customers to meaningfully engage with one another and their surroundings. The design and construction of our stores are often influenced by the local works we feature, and Yorkdale is no exception.' At Yorkdale, that focus comes to life through the 'Walk of Frames,' an interactive art path that weaves the beauty of art into customers' everyday shopping experiences. Featuring 40 works by 24 artists, the Walk of Frames is designed to spark connection, foster community and create a sensory experience. Each art station is numbered and paired with a QR code, offering shoppers the opportunity to learn about each artist and explore the stories behind their work. The art curated and commissioned for the Yorkdale store reflects a strong commitment to Canadian and local artists. Select international works are also featured, offering a thoughtful nod to the company's European heritage and roots, creating a dialogue between past and future through art. At the heart of the Yorkdale art collection is CIEL, a monumental ceiling mural by French artist Nelio, whose geometric abstractions and intuitive, buffing technique creates an atmospheric and sensory landscape. Painted with a roller in sweeping gestures of acrylic, CIEL evokes a luminous, cloudy sunset above the store's central staircase, a sun-like focal point that mirrors the vertical flow of the space and extends the surrounding tones and textures into a meditative chromatic composition. Simons has collaborated with the renowned Montreal-based visual effects creative company Rodeo FX. Known for its international acclaim and a team of nearly 800 artists—with standout credits including Game of Thrones and Stranger Things—Rodeo FX brings its signature cinematic artistry to Yorkdale through a trio of immersive digital installations that enliven both the store's exterior and interior. Solarium: A scenographic, exterior installation visible from Yorkdale Road, where animated fabric gently moves through air and light. Inspired by sunrooms, it evokes stillness and warmth, exploring the interplay of nature and architecture in a quiet, meditative gesture. Forest Diorama: Positioned above the store's main entrance, this layered, transparent LED art piece places mannequins in a shifting seasonal forest. Animated trees, branches, and forest life create the illusion of depth and movement, evoking the sensation of looking through a living landscape. Fabric of Life: Just inside the entrance, a dynamic LED animation weaves blooming botanicals into a visual metaphor for growth and transformation. Inspired by the inner life of plants, it fuses the organic with fashion, as if nature itself were being woven into fabric. Together, these installations embody Simons' belief that retail can be a platform for creativity and culture. An experience led by product and purpose Simons at Yorkdale Shopping Centre offers an unparalleled and uniquely Canadian shopping experience, welcoming customers with the personalized service and curated specialty shopping opportunities they have come to expect from Simons across the country—including Canadian-designed exclusive collections for men, women, and home. Each collection is presented and organized in separate, boutique-style zones, in addition to a range of well-known brands and designer pieces that complement Canadian labels and art to inspire an exceptional shopping experience. Yorkdale showcases Simons' exclusive private brands including Twik, Icône, Contemporaine, Miiyu, Le 31, Djab, and Simons Maison spanning trend-forward streetwear to elegant modern classics, offering style at multiple price points for women, men, and home. The store also features the Édito department, a boutique-style selection of nationally recognized brands and top designer names. This curated collection underscores Simons' investment in high-end fashion and is supported by an exceptional team of more than 175 designers, creators, and specialists working across the international fashion landscape. In addition to a curated selection of national and international brands available in store, Simons also highlights pieces from Canadian artisans through Fabrique 1840, its online platform dedicated to celebrating and supporting creativity, culture, community, and craftsmanship. The platform features works from over 400 talented creators and craftspeople—including several based in the Toronto area—across a range of artistic disciplines, including home décor, fashion, stationery, and leatherwork. Simons' Vision program is also a central part of the company's ethos, spotlighting garments made with lower-impact or recycled materials. The program reflects Simons' broader goal: to make responsible fashion more accessible while supporting customers in making choices that align with their values. Additional photos of the store are available here. About Simons Simons was founded in 1840 by John Simons in Quebec City. Originally a dry goods store, the family company is known today for accessible and inspired fashion. It is committed to cultivating creativity and building meaningful relationships with its staff, partners, and clientele. The company cares about the environment and about the communities in which it does business. Simons is recognized as a fashion authority with an original shopping concept. The company offers an extensive array of avant-garde fashions and exclusive private collections for men and women, complemented by a selection of nationally recognized brands and top designer names. Simons also carries home fashions for the bedroom, bathroom, and kitchen. The current 18 Simons stores are compelling, original environments that inspire customers with their fashion as well as their art and architecture. Locations: ten in Quebec, including the company's head office in Quebec City; three in Alberta; one in British Columbia; one in Nova Scotia; and soon four in Ontario. Media Contact: NATIONAL Public Relations, Samantha Krupa-Carbone, skrupa-carbone@ +1 416-848-1634
Cision Canada
3 days ago
- Business
- Cision Canada
Simons Opens First Urban Toronto Location at Yorkdale Shopping Centre Français
18 th store marks a major milestone in Simons' continued national expansion and reaffirms its investment in the GTA and the future of Canadian retail TORONTO, Aug. 14, 2025 /CNW/ - Simons—Canada's oldest private, family-owned business—proudly opens its doors today at Yorkdale Shopping Centre, marking the company's first urban Toronto store and its 18 th location nationally. The two-storey, 118,000-square-foot space reinforces Simons' nation-wide presence as a premier fashion retailer with a unique offering of thoughtfully curated shopping experiences and exceptional customer service. The first of two new locations opening in Toronto in 2025, the Yorkdale store is part of a broader investment of nearly $100M and 400 new employment opportunities in the Greater Toronto Area, contributing to the company's steady and consistent growth in the region and across the country. "What a pleasure it is to open our doors in Toronto and become part of such a vibrant, creative, and diverse community," said Bernard Leblanc, President and CEO of Simons. "This milestone represents many years in the making. Our Yorkdale store reflects our commitment to creativity, design, esteemed service, purpose, community and connection. Because, at Simons, we believe our spaces are more than just places to shop—they are places to discover, to be inspired, and to engage with fashion, Canadian art, and design. We're excited to build meaningful relationships in this dynamic city and welcome both Torontonians and visitors to experience Simons' exceptional customer service." Oxford Properties has been an important partner in Simons' expansion into the Ontario market, with the family company opening its first store at Square One Shopping Centre in Mississauga in 2016. "Our entire Oxford team is so proud to welcome this renowned Canadian retailer to Yorkdale as we continue to build on the mix of destination brands available at the shopping centre and delivering a best-in-class retail experience for our shoppers," said Daniel Fournier, Executive Chair at Oxford Properties. "We're proud to partner with Simons to open its doors for the first time in Toronto. This is an important milestone for both our businesses, and we congratulate the entire team at Simons on their ongoing success and expansion. Simons is a true Canadian success story, and its fresh and dynamic retailing approach will add even more to our already high-quality offering at Yorkdale and will undoubtedly resonate with our customers." Design grounded in nature and movement Simons takes a purposeful approach to store design, with every decision aimed at creating a welcoming atmosphere and exceptional customer experience rooted in outstanding service, a strong sense of community, and immersive sensory engagement. Created in collaboration with Gensler Design, Lemay Michaud Architecture and Reliance Construction, the Yorkdale store is guided by the design theme "Perennial Ephemera," a concept inspired by natural cycles of light, growth, and transformation. From layout to lighting, every detail was considered with the customer in mind, designed to feel open, warm and welcoming while supporting shoppers' journeys through curated style environments. Art as the connector "As with all Simons locations, art plays a vital role in shaping the in-store experience," said Bernard Leblanc, President and CEO of Simons. "Fashion is art, and we see art as the ultimate connector, enabling our customers to meaningfully engage with one another and their surroundings. The design and construction of our stores are often influenced by the local works we feature, and Yorkdale is no exception." At Yorkdale, that focus comes to life through the "Walk of Frames," an interactive art path that weaves the beauty of art into customers' everyday shopping experiences. Featuring 40 works by 24 artists, the Walk of Frames is designed to spark connection, foster community and create a sensory experience. Each art station is numbered and paired with a QR code, offering shoppers the opportunity to learn about each artist and explore the stories behind their work. The art curated and commissioned for the Yorkdale store reflects a strong commitment to Canadian and local artists. Select international works are also featured, offering a thoughtful nod to the company's European heritage and roots, creating a dialogue between past and future through art. At the heart of the Yorkdale art collection is CIEL, a monumental ceiling mural by French artist Nelio, whose geometric abstractions and intuitive, buffing technique creates an atmospheric and sensory landscape. Painted with a roller in sweeping gestures of acrylic, CIEL evokes a luminous, cloudy sunset above the store's central staircase, a sun-like focal point that mirrors the vertical flow of the space and extends the surrounding tones and textures into a meditative chromatic composition. Simons has collaborated with the renowned Montreal-based visual effects creative company Rodeo FX. Known for its international acclaim and a team of nearly 800 artists—with standout credits including Game of Thrones and Stranger Things —Rodeo FX brings its signature cinematic artistry to Yorkdale through a trio of immersive digital installations that enliven both the store's exterior and interior. Solarium: A scenographic, exterior installation visible from Yorkdale Road, where animated fabric gently moves through air and light. Inspired by sunrooms, it evokes stillness and warmth, exploring the interplay of nature and architecture in a quiet, meditative gesture. Forest Diorama: Positioned above the store's main entrance, this layered, transparent LED art piece places mannequins in a shifting seasonal forest. Animated trees, branches, and forest life create the illusion of depth and movement, evoking the sensation of looking through a living landscape. Fabric of Life: Just inside the entrance, a dynamic LED animation weaves blooming botanicals into a visual metaphor for growth and transformation. Inspired by the inner life of plants, it fuses the organic with fashion, as if nature itself were being woven into fabric. Together, these installations embody Simons' belief that retail can be a platform for creativity and culture. An experience led by product and purpose Simons at Yorkdale Shopping Centre offers an unparalleled and uniquely Canadian shopping experience, welcoming customers with the personalized service and curated specialty shopping opportunities they have come to expect from Simons across the country—including Canadian-designed exclusive collections for men, women, and home. Each collection is presented and organized in separate, boutique-style zones, in addition to a range of well-known brands and designer pieces that complement Canadian labels and art to inspire an exceptional shopping experience. Yorkdale showcases Simons' exclusive private brands including Twik, Icône, Contemporaine, Miiyu, Le 31, Djab, and Simons Maison spanning trend-forward streetwear to elegant modern classics, offering style at multiple price points for women, men, and home. The store also features the Édito department, a boutique-style selection of nationally recognized brands and top designer names. This curated collection underscores Simons' investment in high-end fashion and is supported by an exceptional team of more than 175 designers, creators, and specialists working across the international fashion landscape. In addition to a curated selection of national and international brands available in store, Simons also highlights pieces from Canadian artisans through Fabrique 1840, its online platform dedicated to celebrating and supporting creativity, culture, community, and craftsmanship. The platform features works from over 400 talented creators and craftspeople—including several based in the Toronto area—across a range of artistic disciplines, including home décor, fashion, stationery, and leatherwork. Simons' Vision program is also a central part of the company's ethos, spotlighting garments made with lower-impact or recycled materials. The program reflects Simons' broader goal: to make responsible fashion more accessible while supporting customers in making choices that align with their values. Additional photos of the store are available here. About Simons Simons was founded in 1840 by John Simons in Quebec City. Originally a dry goods store, the family company is known today for accessible and inspired fashion. It is committed to cultivating creativity and building meaningful relationships with its staff, partners, and clientele. The company cares about the environment and about the communities in which it does business. Simons is recognized as a fashion authority with an original shopping concept. The company offers an extensive array of avant-garde fashions and exclusive private collections for men and women, complemented by a selection of nationally recognized brands and top designer names. Simons also carries home fashions for the bedroom, bathroom, and kitchen. The current 18 Simons stores are compelling, original environments that inspire customers with their fashion as well as their art and architecture. Locations: ten in Quebec, including the company's head office in Quebec City; three in Alberta; one in British Columbia; one in Nova Scotia; and soon four in Ontario.
Toronto Sun
25-07-2025
- Business
- Toronto Sun
Three-tower rental development breaks ground in Scarborough
Located on the west side of Scarborough Town Centre shopping mall, the $750-million project will feature three residential towers made up of 1,285 rental units, with 268 marked as affordable. Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The project is the largest single-phase rental development now under construction in Toronto This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Construction is underway on Scarborough's first major purpose-built rental development in more than a generation. Located on the west side of Scarborough Town Centre shopping mall, the $750-million project will feature three residential towers made up of 1,285 rental units, with 268 marked as affordable. 'Breaking ground on this rental project is a true milestone for Oxford as we look to use our proven development expertise to deliver much-needed housing solutions for the people of Scarborough, while sustainably intensifying transit-connected land to create mixed-use communities of the future,' says Daniel Fournier, executive chair at Oxford Properties Group, a global real estate investor, developer and manager. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The project – the largest single-phase rental development currently under construction in Toronto – will deliver 'critically needed housing in a historically undersupplied area' for people at a variety of price points, Oxford reports. Oxford, the global real estate arm of OMERS, is backed by a $650-million rental housing construction loan through Canada Mortgage and Housing Corporation's (CMHC) Apartment Construction Loan Program. The financing allows Oxford to accelerate its plan to intensify its lands around Scarborough Town Centre. 'This generational project signifies a model we hope to replicate across Canada in the years to come and with CMHC as a funding partner, we're confident it will serve as a prime example of the power of public-private partnerships to work together to address the housing challenges in Canada's largest cities,' Fournier says. This advertisement has not loaded yet, but your article continues below. 'Our government is committed to driving housing supply to bring down costs,' says Minister of Housing and Infrastructure Gregor Robertson. 'This project will create more rental homes for people living and working in Scarborough and is an example of what's possible when we work together in partnership with the private sector.' The project, which will be named Alta, will sit atop two seven-storey podiums featuring both residential and retail space. It's designed to meet a range of income levels, age groups and family structures with 51 studios, 693 one-bedrooms, 411 two-bedrooms and 130 three-bedroom units, including 23 townhomes. The transit-friendly project is close to Scarborough Centre TTC station, which is also serviced by GO Transit and the future Scarborough Subway Extension. With outdoor lounge areas, co-working spaces, a children's playroom, fitness facilities and a new 22,000-square-foot public park at the development's south end, the project is designed to encourage well-being and community building. This advertisement has not loaded yet, but your article continues below. Expected to be completed by summer 2029, the project will reduce its environmental impact by using a geothermal heating and cooling system that will reduce overall energy use by 55 per cent and greenhouse gas emissions by 74 per cent, Oxford reports. Alta is the first development within Oxford's recently-approved master plan for Scarborough Town Centre. The multi-decade plan envisions more than 10,000 residential units built across 89 developable acres to support Scarborough in its evolution and growth as an urban hub, while taking advantage of Scarborough Town Centre's new transit station. Columnists Sunshine Girls Toronto & GTA Toronto & GTA News
Yahoo
16-07-2025
- Business
- Yahoo
Oxford begins work on $547m rental housing project in Scarborough
Oxford Properties Group has commenced construction on a C$750m ($547m) rental housing project in Scarborough, Canada, marking the area's first major purpose-built development in several decades. The project, named Alta, is set on a 3.4-acre site adjacent to Oxford's Scarborough Town Centre shopping centre. Expected to be completed by mid-2029, the Alta project will feature 1,285 rental units, including 268 affordable units. According to Oxford, this initiative aims to address Scarborough's longstanding housing shortage by providing diverse housing options. Oxford is the global real-estate division of Ontario Municipal Employees Retirement System, a Canadian public pension plan. The Canada Mortgage and Housing Corporation (CMHC) is supporting the project by granting Oxford a C$650m loan through its Apartment Construction Loan Program. This represents the largest single loan approved by CMHC in Toronto, enabling Oxford to expedite its development plans and contribute significantly to alleviating the city's housing crisis. Oxford executive chair Daniel Fournier said: "Breaking ground on this development is a true milestone for Oxford as we look to use our proven development expertise to deliver much-needed housing solutions for the people of Scarborough, while sustainably intensifying transit-connected land to create mixed-use communities of the future. "This generational project signifies a model we hope to replicate across Canada in the years to come, and with CMHC as a funding partner, we're confident it will serve as a prime example of the power of public-private partnerships to work together to address the housing challenges in Canada's largest cities." Alta will comprise three residential towers built on two seven-storey podiums, incorporating both residential and retail space. The development will offer a variety of unit types, including studios, one-bedroom, two-bedroom, and three-bedroom apartments, alongside 23 townhomes. Its location is near the Scarborough Centre Toronto Transit Commission station and the forthcoming Scarborough Subway Extension. Designed with community and environmental considerations in mind, the project includes features such as co-working spaces, outdoor lounge areas, a children's playroom, fitness facilities, and a new public park. A geothermal heating and cooling system is planned to reduce energy consumption by 55% and greenhouse gas emissions by 74%. Alta is the inaugural development within Oxford's master plan for the Scarborough Town Centre area. The long-term vision outlines over 10,000 residential units across 89 acres to transform Scarborough into a thriving urban centre while leveraging new transit infrastructure. This rental housing project is among Oxford's recent investment activities in Canada, totalling nearly C$2bn within six weeks. These include acquiring a Western Canada office portfolio and redeveloping office towers at Canada Square in Toronto. "Oxford begins work on $547m rental housing project in Scarborough" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-07-2025
- Business
- Cision Canada
Oxford breaks ground on $750 million rental development to deliver first major purpose-built housing project in Scarborough in over a generation
TORONTO, July 15, 2025 /CNW/ - Oxford Properties Group ("Oxford"), a leading global real estate investor, developer and manager, today broke ground on Scarborough's first major purpose-built rental ("PBR") development in over a generation. Situated on a 3.4-acre parcel of land on the west side of Oxford's Scarborough Town Centre shopping mall ("STC"), the development will consist of three residential towers made up of 1,285 purpose-built rental units, 268 of which are affordable, with the aim of delivering critically needed housing in a historically undersupplied area for people at a variety of different price points. The project is the largest single-phase rental development currently under construction in Toronto. In support of this transit-oriented rental development, Oxford, the global real estate arm of OMERS, is proud to announce it has secured a $650 million rental housing construction loan through Canada Mortgage and Housing Corporation's ("CMHC") Apartment Construction Loan Program ("ACLP"). This represents the largest single loan issued out of Toronto that CMHC has approved and committed to through the ACLP. The financing provided by CMHC allows Oxford to accelerate its plan to intensify the lands around STC to help address the housing crisis faced by the City of Toronto by adding a significant source of new purpose-built rental supply, as well as a substantial delivery of affordable units, into the Scarborough community. "Breaking ground on this development is a true milestone for Oxford as we look to use our proven development expertise to deliver much-needed housing solutions for the people of Scarborough, while sustainably intensifying transit-connected land to create mixed-use communities of the future," said Daniel Fournier, Executive Chair at Oxford Properties. "This generational project signifies a model we hope to replicate across Canada in the years to come, and with CMHC as a funding partner, we're confident it will serve as a prime example of the power of public-private partnerships to work together to address the housing challenges in Canada's largest cities." "Our Government is committed to driving housing supply to bring housing costs down. This project will create more much-needed rental homes for the people living and working in Scarborough. It's an example of what's possible when government and the private sector work together. It's also another step forward in our bold, ambitious plan to build Canada strong." – The Honourable Gregor Robertson, Minister of Housing and Infrastructure "We are building more affordable homes to address the housing crisis. The project at 25 Borough Drive will create 1,285 new homes for Torontonians, including studios, one-bedroom, two-bedroom and three-bedroom apartments and townhomes. The City of Toronto is proud to support this project through the Rental Housing Supply Program. We are stronger together, working with the Government of Canada to create more affordable homes in Scarborough to meet the needs of our growing city." – Olivia Chow, Mayor of Toronto The 1,285 purpose-built rental homes, which will be named Alta, will feature three residential towers and sit atop two 7-storey podiums featuring both residential and retail space. Intentionally designed to accommodate a range of income levels, age groups, and family structures, Alta will offer a broad unit mix of 51 studios, 693 one-bedrooms, 411 two-bedrooms and 130 three-bedroom units, including 23 townhomes. The project will benefit from its close proximity to Scarborough Centre TTC station, which is also serviced by GO Transit, and the future Scarborough Subway Extension. The entire project is being designed to promote wellbeing and community building through the inclusion of extensive indoor and outdoor amenities. These include outdoor lounge areas, co-working spaces, a children's playroom, fitness facilities, and a new 22,000 square foot public park at the south end of the development. The completed project seeks to reduce its environmental impact by using a geothermal heating and cooling system that will reduce overall energy use by 55% and greenhouse gas emissions by 74%. "It is more important than ever that governments at all levels in Canada come together with the private sector to make bold choices that improve Canadian communities, and this project is the perfect example," said Blake Hutcheson, President and CEO of OMERS. "This development not only puts our members' dollars to work right here in Ontario, but it does so in a project that is being supported by federal funding which in turn will help maximize the Province and City of Toronto's substantial investment in rapid transit to Scarborough. It will help deliver returns for our members, while also improving housing choice in a community that so many of them proudly call home and serve." Alta marks the first development within Oxford's recently approved master plan for STC. The multi-decade plan envisions over 10,000 residential units built across 89 developable acres to support Scarborough in its evolution and growth as an urban hub, while optimizing STC's relationship to the new transit station. This master plan builds on Oxford's continued conviction to create premier mixed-use communities across Canada. This development is part of a series of recent major investments made by Oxford in Canada, where it has announced almost $2 billion of activity in the past six weeks, including an acquisition of a seven-asset Western Canada office portfolio, and a redevelopment of two office towers at Canada Square in Midtown Toronto. Construction on Alta is expected to be completed by Summer 2029. About Oxford Properties Group Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with 30 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. For more information on Oxford, visit
