Transforming a $22B Airport into a Thriving City for 55,000 Residents.. Unveiling the Future of Urban Living

Toronto’s former Downsview Airport is set for a remarkable $22 billion transformation into a vibrant community for 55,000 residents. This ambitious project, announced on August 14, 2024, aims to preserve the airport’s unique charm while creating a modern neighborhood with a rich historical backdrop.

Northcrest Developments is leading the charge, focusing on maintaining the airport’s original infrastructure, including airplane hangars and a mile-long runway, to enhance the area’s appeal.

Key takeaways:

• Downsview Airport redevelopment will cost $22 billion.
• The project aims to house 55,000 residents.
• Original hangars and runway will be preserved.
• Plans include shops, schools, and parks.

Fast Answer: The Downsview Airport redevelopment is a $22 billion project that aims to transform the historic site into a thriving community for 55,000 residents. By preserving the airport’s unique features, developers hope to create a vibrant neighborhood with shops, parks, and homes, while maintaining the area’s rich history.

Transforming Downsview Airport into a Thriving Community for 55,000 Residents

The redevelopment of Downsview Airport is one of the largest real estate ventures in Canadian history. Over the next 30 years, Northcrest Developments plans to create seven neighborhoods filled with residential and commercial spaces. The project will feature more than 28 million square feet of residential space and 7 million square feet of commercial property, alongside 74 acres of parks. The first neighborhood will include 2,850 homes and will be anchored by the historic hangars.

Success! The transformation of Downsview Airport into a new community highlights the potential of repurposing historic sites. By keeping the airport’s unique features, this project aims to create a vibrant neighborhood that honors its past while meeting modern needs.

Unique Features of the Downsview Redevelopment Project

This redevelopment project is not just about building new homes; it’s about creating a unique living environment. The preserved hangars will serve as community hubs, attracting residents and visitors alike. The old runway will be transformed into a pedestrian-friendly promenade, featuring:

• Trendy shops and eateries
• Outdoor patios and parks
• Schools and libraries

Challenges and Opportunities in Repurposing the Airport

While the project promises to be a landmark development, experts warn about the challenges of repurposing old infrastructure. David Dixon, an Urban Places Fellow, cautioned that the costs of such transformations can escalate quickly. However, the unique attributes of the Downsview site may attract businesses looking for distinctive spaces.

Community Engagement and Future Events at Downsview

Northcrest is already engaging the community with events like “Play on the Runway,” which turned the tarmac into a playground. Future plans include temporary sports fields and performance venues to keep residents active and involved as the development progresses.

For more information on urban redevelopment, visit [Urban Land Institute](https://uli.org) or [Canadian Urban Institute](https://canurb.org).