From Rogers Yahoo News
Maple Leaf Square, a major hotel, shopping and entertainment development, will be built adjacent to the home of the Toronto Maple Leafs and the Toronto Raptors at a cost of $350 million.
The joint venture between sports team owner Maple Leaf Sports & Entertainment, real estate firm Cadillac Fairview Corp. Ltd. and developer Lanterra Developments, is scheduled for completion in 2009.
It will include "a fine dining and high-tech sports-themed restaurant," a sports-and entertainment-themed boutique hotel, two condominium towers, a music club, office space, a high-definition broadcast studio and a 170,000-square-foot retail space anchored by a Leafs, Raptors and Toronto Marlies store.
"Maple Leaf Square will be a vibrant and unique landmark that has a tasteful sports and entertainment theme reflective of the Leafs, Raptors and Air Canada Centre," Maple Leaf CEO Richard Peddie said in a release.
"Our development creates a larger significant stage that will attract major sports and world events to Toronto and at the same time support tourism and economic growth."
The development is expected to create more than 1,700 construction jobs and about 500 full and part-time positions when complete.
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