News Summary

The Toronto Rail Yards project is set to redefine urban development in Canada by creating a transformative mixed-use community above an active rail corridor between Bathurst Street and Spadina Avenue. This ambitious initiative, spearheaded by LiUNA Pension Fund of Central and Eastern Canada in partnership with Fengate Asset Management, promises to deliver nearly 4,000 new homes, office spaces, retail areas, and urban park space, all integrated with the city’s transit network. The project, which will include a six-acre deck over the rail yard, aims to maximize the public realm and enhance connectivity. The development is expected to generate over 4,600 construction jobs and more than nine million union construction hours. Site preparation is scheduled to begin in 2028, with the deck construction commencing later that year. This initiative reflects a bold vision of transit-oriented city-building and community engagement, supported by international and local design firms.