Northcrest Development's Downsview Development

Goodmans LLP assisted PSP Investments and its development company, Northcrest, with respect to land use approvals for its lands within the Downsview Secondary Plan Area. PSP and Canada Lands Company (CLC) collectively own and manage approximately 520 acres of land in the Secondary Plan Area, making Downsview one of the largest community-building opportunities in North America.

Surrounded by an abundance of higher order transit stations, PSP and CLC envision the lands redeveloping with a series of vibrant, mixed-use communities that are expected to ultimately host 83,500 residents and 41,500 jobs.

Goodmans has been providing legal and strategic advice to PSP on a variety of issues associated with a master planning exercise, which will include zoning entitlement, environmental assessment and infrastructure financing issues.  In 2021, we assisted in obtaining approvals to change the land use designations applicable to the site from its historical employment designation (based on its long-time use by Bombardier) to Regeneration Areas, a critical first step in advancing the exciting long-range vision for the site.