Major new "Markhamgate Summit" development planned for Steeles and the 404



    MARKHAM, ON, Oct. 25 /CNW/ - A major $350 million dollar 'live-work-shop'
redevelopment is being planned for a 17 acre site at the northeast corner of
Don Mills Road and Steeles Avenue East in Markham.
    Now home to the "Shops on Steeles and the 404" mall, Bayview Summit
Development Limited has filed an application with the Town of Markham to
permit construction of "Markhamgate Summit", a mixed use retail, office and
residential community.
    The proposal calls for the replacement and redevelopment of the existing
mall and the addition of more than 2,000 condominium units in 7 new buildings
to be constructed along Steeles, on the southern edge of the site, just west
of the 404. The re-development is anticipated to start sometime in 2010.
    "For at least the next three years, it will be 'business as usual' at our
community-oriented 'Shops on Steeles'," notes spokesperson Kris Kellestine,
"after that, Markhamgate Summit will be a great place to live and work as well
as shop."
    Markhamgate Summit will be a landmark gateway to a growing and vibrant
Markham, a "Lifestyle Shopping Centre" concept emphasizing an urban,
pedestrian-friendly, open "main street" for shopping and dining, unlike an
automobile-oriented, enclosed suburban mall.
    "To keep pace with the dynamic growth of Markham and the needs of
consumers and residents, we aim to transform this site into a vibrant,
mixed-use community," says Kellestine.
    The "Markhamgate Summit" proposal is consistent with the Ontario
government's existing "Provincial Policy Statement", and its "Places to Grow"
growth plan for the Greater Golden Horseshoe, as well as the Region of York
Official Plan and the Town of Markham Official Plan, although the latter will
require some minor amendments.
    Markhamgate Summit meets a number of key policy objectives outlined in
these documents, including intensification, optimizing use of existing
infrastructure, creating "complete communities", encouraging good urban design
and less automobile dependence, and broadening the range of housing
availability.





For further information:

For further information: Kris Kellestine, (905) 881-7422

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BAYVIEW SUMMIT DEVELOPMENT LIMITED

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