What’s New in Yorkville
Whenever we head over to Yorkville to check up on progress at Exhibit Residences, we can’t help but notice the new stores and cafes that always seem to be opening up in the area. We popped into a few recently which we’d like to showcase here on our blog.
Here’s what’s new in Yorkville.
The next chapter in the Scarborough transit saga
A few months ago, we briefly summarized the Scarborough transit debate, which dates back to 1975 when the conversation about extending transit into Scarborough first began. We’ve been following it closely because we believe transit is essential to the growth and survival of any city, and in this case, Toronto. Extending rapid transit will connect the city with the community in Scarborough, where thousands commute into downtown Toronto every day. It will make our city grow and become more sustainable for generations to come. This is a big step for Toronto, and it’s much needed.
Most recently, the proposed deadline for the provincial and federal government to commit to the subway extension passed.
Here’s a brief backgrounder on the latest developments:
Federal Finance Minister Jim Flaherty announced yesterday that the federal government will commit to $600 million in order to build the subway extension in Scarborough – which is the exact amount the city had requested. Minister Flaherty announced that it was a “done deal” when he addressed the media and public next to Kennedy Station. The $600 million is added to the already $1.48 billion promised by the province, but this project is estimated to cost about $3 billion.
The TTC released a report emphasizing that although the new route as proposed by Transportation Minister Glen Murray (the subway ending at Scarborough Town Centre) appears to be a good idea, there is “no clear advantage.” And in actuality, it comes with “many disadvantages” including the fact that the existing SRT will have to be shut down during construction.
On Wednesday, the TTC’s political leaders voted in favour of the city-sanctioned subway route in Toronto’s east end (running under McCowan Road to Sheppard Avenue) as opposed to the LRT, and the province-backed subway line from Kennedy to Scarborough City Centre.
Now the ball is in city council’s court, as we wait for them to meet in October for the council meeting. They will be presented with a TTC report and then will have to decide if they’re going to raise taxes in order to support the city-approved subway plan, go with the provincially-backed subway route, or maybe even stick to the LRT.
Both the subway projects would start construction in 2014 and be completed in 2023. It’s now just a matter of agreeing on a route and all the levels of government cooperating with one another to ensure Scarborough is given the long-promised transit solution.
Follow us on Twitter as we keep you updated on Scarborough’s subway talks.
Yorkville vs Yorkville
We always talk about how much we love Yorkville, home to Crystal Blu, Exhibit and soon 1 Yorkville condos in Toronto. But did you know there’s another neighbourhood called Yorkville in Manhattan, New York? Let’s take a look at both neighbourhoods to determine which of the two Yorkville is the best.
The Scarborough transit debate; a never ending saga
Over the past few months, we’ve been following Toronto’s major transit issues on our blog including the major Union Station revitalization project and the construction of the Eglinton-Crosstown LRT. Continue reading
Exhibit July construction photos
Last week the spotlight was on our new Toronto condos in Yorkville, but we haven’t forgotten about our other Yorkville project Exhibit. Continue reading
Summerlicious 2013 in Toronto at Yonge and Eglinton
Last week we shared with you three of our favourite restaurants in Yorkville that are partaking in the much-anticipated Summerlicious. We love the event so much that we took on the fun task of picking out our favourite restaurants in ever-so-poppin’ Yonge and Eglinton. Many restaurants are still taking reservations but we recommend calling them ASAP because Torontonians can’t get enough of Summerlicious. Continue reading
New spots to check out in Yonge and Eglinton
Yonge and Eglinton is undoubtedly one of the hottest neighbourhoods in Toronto. Every month there seems to be a new restaurant or shop opening up to accommodate the hundreds of people that are moving into the new Yonge and Eglinton Condos being built. Continue reading
How sustainable is Toronto?
According to new research by Corporate Knights magazine, Toronto is Canada’s third most sustainable major city, and fifth in North America. Continue reading
The shore goes on at Exhibit Condos in Downtown Toronto
Shoring is the least exciting part of construction. It’s a messy affair with lots of drilling and digging and there’s usually plenty of dirt, grit and dust flying around. Continue reading