OMERS President and CEO Blake Hutcheson ’89 MSRED underscored the urgent need for new housing as Oxford Properties broke ground on Alta. The $650M project in Scarborough signals Toronto’s largest single-phase rental development in over a generation. Alta will deliver 1,285 new homes, including affordable units, atop retail podiums adjacent to major transit. “This project is the perfect example of bold public-private collaboration,” Hutcheson said. As part of Oxford’s $2B Canadian investment surge, Alta kicks off a multi-decade vision for Scarborough Town Center, aiming to redefine urban living while addressing housing needs in one of Canada’s most undersupplied markets.
