SmartCentres Thornhill, a 20-acre commercial shopping centre at the northwest corner of Centre Street and Bathurst Street, will be redeveloped by SmartLiving on behalf of owners Metrontario and the Penguin Group of Companies. SmartLiving, the residential brand of SmartCentres REIT, is working with the City of Vaughan to establish a long-term vision for the lands at at 700 Centre Street in Thornhill.
The property falls within an ‘Urban Area’ under the Region of York Official Plan. The site is also located within a ‘Primary Centre’ and along a ‘Regional Intensification Corridor’ as outlined in the City of Vaughan’s Official Plan. These three designations formally identify the property as an ideal location for mixed-use, high-rise development.
Full Article: urbantoronto.ca