LiUNA and Fengate Asset Management have unveiled plans for Toronto Rail Yards, a major mixed-use development that is expected to deliver almost 4,000 multi-residential units above an active rail corridor in downtown Toronto.

The development site is located between Bathurst Street and Spadina Avenue. The 14-acre project, which will be built over the existing rail corridor, is being positioned as one of Toronto’s largest transit-oriented developments, combining residential, office, retail, childcare and public space uses into a new mixed-use neighbourhood.

More than two acres of park space, approximately 85,000 square metres of office space, two childcare centres and roughly 4,700 square metres of retail are also slated to be part of the development mix. Development will begin with the construction of a six-acre deck above the rail corridor, designed to connect residents and visitors to GO Transit and the broader transit network.

LiUNA is the short-form name of the LiUNA Pension Fund of Central and Eastern Canada. The pension-fund manager and Fengate have launched the project following several years of planning, consultation and co-ordination with community stakeholders, municipal officials and Metrolinx, the Greater Toronto Area’s transti authority. The project will connect directly to the future Spadina-Front GO Station, located one stop west of Union Station.

Toronto Rail Yards is expected to be built in phases, with site preparation targeted to begin in 2028 and deck construction scheduled to commence later that year. Project partners say the development is intended to support Toronto’s housing needs while advancing the city’s broader transit-oriented and net-zero objectives.