Builder Steve Gupta’s Vaughan condo towers to change skyline

CanIndia.com
Jan. 13, 2017

Well over 50 towers could go up in Vaughan as the Toronto-York Spadina Subway Extension nears completion. Among the soaring towers will be Steve Gupta’s super-tall Icona condo tower proposal.

The two towers are to be built near Highway 7 between Edgeley Boulevard and Jane Street and could be ready by 2020. These towers could go as high as 53-storeys in an area that will be Vaughan’s downtown core. Construction of other towers in the area are on in full swing and in a few short years, the entire face of the area will undergo a complete transformation.

All this interest in the area would not have come without the Toronto-York Spadina Subway Extension (TYSSE), this is the primary factor behind this interest in urbanizing the area.

By 2031, the city will have become a thriving urban center bustling with people who live and work there.

When Gupta saw the plans for Vaughan Metropolitan Centre several years ago, he said he thought they were far-fetched.

“But now everybody can see that it’s going to happen,” he told CBC Toronto, adding that he believes roughly 50 new towers could go up in the next 10 years.

“The more the merrier,” he said. “People have to live somewhere.”

The City of Vaughan, which includes Concord, Kleinburg, Maple, Thornhill and Woodbridge, estimates that as of March 2015, some 319,893 people live there. That population is growing by about 11 per cent a year.

Up until now Vaughan has been nothing more than a dormitory suburb where residents live in sprawling houses but all this is set to change.

Meanwhile Vaughan is also going into overdrive as it seeks to lure businesses into setting up shop in the area and create jobs.

Large companies, like accounting giant KPMG, already operate in the area.

The subway extension is set to open at the end of 2017.