Fengate Asset Management has announced plans to build a mixed-use community above the rail corridor between Bathurst Street and Spadina Avenue in Toronto.

Toronto Rail Yards will bring together housing, transit, office, retail, child-care, and public space within a complete mixed-use community located in the heart of the city’s downtown Toronto. The organization says the project represents, “a bold new chapter in transit-oriented city-building for Toronto.”

The project will be owned by LiUNA Pension Fund of Central and Eastern Canada and  built in partnership with Fengate.

Once complete, it will deliver nearly 4,000 new homes, more than two acres of urban park space, 85,000 square metres of office space, two child-care centres and approximately 4,700 square metres of retail space. It will begin with a six-acre deck that is extended over the rail yard to maximize the public realm while connecting to GO Transit and the city’s broader transit network.

“Great cities are built with ambition, and with a responsibility to leave something meaningful behind,” said pension fund chair Joseph Mancinelli. “Toronto Rail Yards will create homes people need, jobs that sustain families, and a legacy for the city. The deck alone is expected to create more than 4,600 construction jobs and generate more than nine million union construction hours, making this not only a transformative investment in Toronto’s future, but a testament to what union labour can build for generations to come.”

Project design is being led by Henning Larsen, alongside designers and constructors that include Hines, PCL, WW+P Architects, and RJC Engineers.

Toronto Rail Yards will be delivered in phases to minimize construction impacts. Site preparation is anticipated to begin in 2028, with construction on the deck to begin later in the year.

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