The 18 million-square-foot master-planned mixed-use development is being touted as a “neighbourhood of the future”. Swaths of parking lots will be densified with 37 residential towers housing more than 18,000 residential units that will become home to an estimated 35,000 residents when completed. More than half of the units will be rental apartments.

Residential towers will be built in phases in the years to come and the first two residential towers will break ground this fall. A 36-storey rental tower will include 420 rental apartments and a 48-storey tower housing 570 condominium units. Pre-sales for the condominium tower will begin this spring. An additional 5,000 residential units on the site will be launched over the next five to seven years.

Residential units in the Condominiums at Square One District will span be between 444 square feet for studio units to 844 square feet for two bedroom plus den units — the Greater Toronto Area is known for its relatively small condominium units when compared to markets such as Chicago. In the rental tower, units will start at 408 square feet for a studio and will go up to 1,121 square feet for a three bedroom unit.