PROPERTY PROFILE
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ReseRve ProPerties westdale ProPerties set sights on a new city centRe Sited along Toronto’s main rapid transit artery, Line 5 Condos addresses the shift in how we really live, work, and connect. With $5.3 billion in capital investment and 19 km of rapid transit intersecting Toronto’s main subway artery, Yonge and Eglinton is emerging as one of the most connected and important mobility hubs in the country. It is 22 NextHome+CondoGuide | Nov. 10–24, 2018
in this context, with one of the largest transit projects in Canada as a backdrop, that Reserve Properties and Westdale Properties announced a much anticipated joint venture, Line 5. “The impact the new LRT will have on Yonge and Eglinton is hard for people to conceptualize,” says Shane Fenton, Chief Operating Officer, Reserve Properties. “It’s not hyperbole to say this is going to drastically change Toronto. With rapid transit in every direction, Yonge and Eglinton will emerge as the new centre of the city. As developers we have an opportunity and a responsibility to contribute to this transformation and help
realize its full potential.” Inspired by the physical shift taking place around them, Line 5 responds directly to the fundamental changes in the way Torontonians live their lives. From transit and ride-sharing to the rise of online shopping and the decentralization of the workplace to the hyper-focus on health and wellness, the way people live in 2018 is radically different to how people lived even five years ago. “Westdale Properties is a long-time believer in Yonge and Eglinton. We were one of the first to invest in the neighbourhood when we began our 88 On