Choice Properties Real Estate Investment Trust announced a new partnership with The Daniels Corporation to revitalize and redevelop Phase One of its 19-acre Golden Mile Shopping Centre at 1880 Eglinton Ave. E, Toronto, adjacent to the new Eglinton Crosstown LRT.
The partnership will transform the 67-year-old shopping centre into a mixed-use, mixed-income, multi-generational and transit-oriented community. Phase One will include two condominium towers, a purpose-built market rental building, ground floor retail uses, institutional uses and office spaces.
The 280-acre Greater Golden Mile area, which will become home to 40,000 new residents over the next 20 years will be largely supported by the Eglinton Crosstown LRT.
Choice Properties and Daniels are kick-starting this transformation through the introduction of the Golden Mile Community Innovation District. The initiative will work hand-in-hand with community organizations, Local Councillor, financial and post-secondary educational institutions including the University of Toronto Scarborough (UTSC) and Centennial College.
UTSC will be creating a physical home in Phase One for an integrated college-community-university partnership – the Communiversity. Through this concept of the Communiversity, UTSC and Centennial College would work with community partners to enhance access to post-secondary education, foster co-learning opportunities, and facilitate the co-creation of sustainable and inclusive communities.
The UTSC Institute for Globalization, Transnationalism and the Advancement of Resilient and Inclusive Suburbs and Economies (GTA-RISE) will serve as an intellectual hub where faculty, staff, students and community members will explore issues and share ideas that stimulate inclusive cultural and socio-economic development. Centennial will partner with UTSC’s Communiversity to create program pathways and unique training opportunities to support the vision of the Community Innovation District. Additional Innovation District collaborations include a 9,000 square foot state-of-the-art BMO branch.