57-470: North York City Centre is a central business district in Toronto , Ontario , Canada in the administrative district of North York . It is located along Yonge Street , between just south of Sheppard Avenue northward to Finch Avenue with its focus around Mel Lastman Square , a civic square, and spreads eastwards and westwards a few blocks, generally as far as Doris Avenue and Beecroft Road. The district
114-455: A financial district . Geographically, it often coincides with the " city centre " or " downtown ". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there may be multiple CBDs within a single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of
171-728: A ventilator at an assisted-living facility where she died in November 2021. The North York Civic Centre office complex and Mel Lastman Square , on the west side of Yonge Street, are central to the area. Across Yonge Street to the east is Empress Walk , a shopping mall that connects directly to the local subway station. North York Central Library , the Toronto Centre for the Arts , and the Toronto District School Board headquarters are all located adjacent to
228-639: A downtown by building a civic centre complex consisting of its civic offices, a public square, a central library, an arts centre, and an aquatic centre on the west side of Yonge, about 600 metres north of Sheppard at southwest corner of Park Home Avenue and Yonge. Following the completion of the Scarborough RT , the City of North York convinced the Toronto Transit Commission to construct North York Centre station , an infill station on
285-468: A former municipality (postal district) of its own, but also abuts the Lansing neighbourhood on the east side of Yonge Street near Sheppard Avenue. Following the amalgamation of North York with the rest of Toronto, North York City Centre became the largest of four central business districts in the new city outside Downtown Toronto . All of the civic facilities were retained by the new City of Toronto. In
342-738: A newer Rio de Janeiro suburb located in city's west region. The largest CBD in Colombia is Bogotá 's Centro Internacional , where some of the tallest buildings in South America have been repurposed as national headquarters for Scotiabank Colpatria , Davivienda , and Bancolombia , among others. Over the years, Bogotá has developed minor business districts, which include Avenida Chile , Ciudad Salitre , with companies like Avianca , Rappi , Johnson & Johnson , Terpel , Hilton , Hyatt , Marriott , Sheraton , Ramada , City Express , Aloft and Novotel ; or Complejo Santa Bárbara ,
399-700: A newly built business district near the Potsdamer Platz . The city's historic center (home to the Reichstag building , as well as the Brandenburg Gate and most federal ministries) was largely abandoned when the Berlin Wall cut through the area. Only after the reunification with the redevelopment of Potsdamer Platz , and the construction of numerous shopping centers, government ministries, embassies, office buildings and entertainment venues,
456-534: A whole. Singapore's CBD is the historic heart of the city-state, which makes it a mix of a tourist attraction and a business center. The CBD includes several multinational corporate headquarters, Singapore Management University , and historical buildings and museums. As of 2016, the Singaporean government intends to redevelop Jurong East into a second CBD in Singapore. The area has also been earmarked as
513-635: Is Government Hill , the site of the old government headquarters. As the Hong Kong SAR Government Headquarters moved to Tamar, Admiralty, the nearby area is also considered part of the CBD. In Quarry Bay , Taikoo Place and areas nearby, including Admiralty , Wan Chai and Causeway Bay , and Tsim Sha Tsui , Kwun Tong , and Kowloon Bay are regarded as major business districts of Hong Kong. India 's capital New Delhi has been known for its CBD at Connaught Place . For
570-495: Is a high-density district of condominium and office towers with ground-floor commercial uses along the wide six lanes of Yonge Street. The district was developed following the extension of the Yonge subway north to Finch Station. In the 1970s and 80s, the former City of North York encouraged the development of the area as a downtown, locating its civic offices, a public square, a central library, an arts centre and an aquatic centre on
627-512: Is a subway station on Line 1 Yonge–University of the Toronto subway system. The station is located under Yonge Street , where it is intersected by Park Home Avenue and Empress Avenue. The station, the system's first and only infill station , opened in 1987 to serve North York City Centre , a high density business district in the Willowdale neighbourhood. Wi-Fi service is available at this station. North York Centre opened in 1987 in what
SECTION 10
#1732780834738684-540: Is also one of the most important business districts of Pakistan. Gulberg, Lahore has a large number of important office buildings as well as many high-rises and shopping malls. Pakistan established its first central business district, Lahore Central Business District, also known as Central Business District Punjab (CBD Punjab) by an ACT of Parliament (LCBDDA Act, 2021) in February 2021. Jinnah Avenue in Islamabad
741-524: Is known for the high-level of traffic on the six lanes of Yonge Street, which connects to the Ontario Highway 401 south of Sheppard. 43°46′08″N 79°24′47″W / 43.769°N 79.413°W / 43.769; -79.413 Central business district A central business district ( CBD ) is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as
798-549: Is located. The region comprising Avenidas Berrini, Doutor Chucri Zaidan, and Nações Unidas, the city's newest commercial district, has offices of multinational companies and also commercial services. In Rio de Janeiro , Brazil's second-largest city, the main business district still is in downtown, where Petrobrás and Vale headquarters are located, but there is a concentration of business in Botafogo harbor and in Barra da Tijuca ,
855-680: Is the first of its kind in Indonesia, and one of the largest commercial center developments in the city. Jakarta started developing its business district in the early 1960s before hosting the Asian Games in 1962 . Surabaya in East Java built its first central business district in the Darmo region. The construction was expected to be completed by 2018 with 150 SOHO units and 500 residences. In Italy , business districts do not coincide with
912-470: Is the main business district of the city. Blue Area is the central business district of Islamabad . D Ground is the central business district of Faisalabad and Saddar is the main central business district of Rawalpindi . In Peru , the central business district is San Isidro , in Lima , which hosts the majority of Peru's financial industry headquarters. Although still a largely residential district,
969-446: Is widely used officially and colloquially, in the sense of city centre. The two biggest cities, Melbourne and Sydney , have large CBDs. Sydney features growing micro central business districts, which serve as the hub for their respective areas outside the CBD. An example is Parramatta , which is considered the financial hub of Western Sydney . São Paulo is a multipolar city, with several business districts. Avenida Faria Lima and
1026-669: The COEX mall, are major thoroughfares in Seoul. The tallest buildings in Gangnam include Tower Palace One , a residential complex, Trade Tower , Gangnam Finance Center, and Parnas Tower. Seoul's third business district is Yeouido , an island located in central Seoul in the Yeongdeungpo District . Yeouido was developed in the 1970s; since the 1990s, however, it has become Seoul's financial center. Smaller in geographic size that
1083-547: The Rebellion of 1837 , is also located in this neighbourhood. Earl Haig Secondary School is located on Princess Avenue nearby. The district is directly served by the North York Centre subway station, while Sheppard–Yonge and Finch subway stations are located at the southern and northern edges of the area, respectively. Finch station is a hub for GO Transit services for commuters from north of Toronto. The area
1140-710: The Yonge–University line , to connect the new North York Civic Centre complex directly to the subway, which opened in 1987. On the east side of Yonge Street across from the Civic Centre, the Empress Walk mixed-use development, consisting of a shopping mall, cinema, and two condominium towers, was completed in 1997–2000. The streets sidewalks were widened and landscaped. The area's growth has continued steadily since then. The new Sheppard subway line opened in 2002, running along Sheppard Avenue from Don Mills Road in
1197-548: The 1800s, the forests in the area were cleared for farmland, around settlements made by Jacob Cummer and David Gibson alongside Yonge Street, which was the main road for travel from Toronto northward, and which served as Provincial Highway 11 from 1920 until 1998. The postal village of Willowdale was established within York County. North York Township was formed in 1923 from York Township. To the east and west, low-density single-family housing subdivisions were built beginning in
SECTION 20
#17327808347381254-467: The 1920s. As the area's population grew, the roadside became lined with commercial establishments, some being one-level highway arterial-type uses such as gas stations, with others being tightly knit two-storey buildings. The post-World War II period saw the rapid growth of the suburbs of Toronto. To accommodate the growth, the township was changed into the Borough of North York after Metropolitan Toronto
1311-697: The 555-metre tall Lotte World Tower , Guro Digital Complex, Gasan Digital Complex, the Magok Business District, the Sangam Digital Media City, the Munjeong Administrative Town, and Mapo Avenue. The area near Yongsan Station , including the proposed Yongsan International Business District , is considered an emerging major commercial district that will exist in synergy with nearby Yeouido . North York Centre station North York Centre
1368-874: The Philippines. In Poland , the terms śródmieście or centrum are often used to describe the central business district. The largest central business district in Russia is the Moscow International Business Center (MIBC) in Moscow , a commercial development located just east of the Third Ring Road at the western edge of the Presnensky District in the Central Administrative Okrug of
1425-465: The TTC began work to make the station accessible to those with limited mobility, and in November 2009 the work was completed. Two elevators were installed to take passengers from mezzanine level to the subway platforms. Persons in wheelchairs or with other mobility restrictions are now able to enter from street level by way of existing facilities in the major buildings on both sides of the station. Artwork in
1482-403: The borough (which developed from a rural township and thus had no true historic downtown save for the original small Willowdale village where the city centre developed) was promoted to the status of city. An official plan by Metropolitan Toronto encouraged high-density commercial and residential developments in the area. The former City of North York chose to encourage the development of the area as
1539-575: The central business district. These terms can be literally translated as " inner city " and "city center". Some of the larger cities have more than one central business district. For example, Berlin alone has three. Due to Berlin's history of division during the Cold War , the city contains central business districts both in West ( Kurfürstendamm ) and in East Berlin ( Alexanderplatz ), as well as
1596-506: The city centre (and in some cases, outside the city limits itself). This distinction is quite common in European cities such as Paris , Moscow , Vienna , Prague and Budapest . The New World grew quickly after the emergence of modern transport, therefore a single centre often included many of the region's tallest buildings and served as both a commercial and cultural city centre. In the 21st century, increasing urbanisation has led to
1653-605: The city's CBD. In South Korea , the national capital of Seoul includes three central business districts. The Downtown Seoul , a historic area inside the Fortress Wall of Seoul in the Jongno and Jung districts has historically been the city's political, social and cultural heart, and still houses many corporate headquarters and political institutions in South Korea. It is also the most popular area for tourists and
1710-650: The city's main commercial district. While the district has a high density of high rise buildings, the tallest building, the SK Building, only reaches a height of 160m due to historic preservation regulations. The second main district, located in the southeast part of Seoul, is Gangnam District , an area that was developed in the 1980s and is now among the city's most affluent neighborhoods. The Gangnam District has concentration mainly in economic power of Seoul, as many of prominent company HQs are located on Teheran Avenue . Gangnam Avenue and Yeondong Avenue, which includes
1767-703: The city. Midtown Manhattan is the largest central business district in New York City and in the United States. In Chicago , the Chicago Loop is the second-largest central business district in the United States. It is also referred to as the core of the city's downtown. Mexico City also has its own historic city center , the colonial era "Centro Histórico", along with two CBDs: the mid-late 20th century Paseo de la Reforma in Polanco , and
North York City Centre - Misplaced Pages Continue
1824-724: The city. As of 2021, it is still under development. The construction of the MIBC takes place on the Presnenskaya Embankment of the Moskva River , approximately 4 kilometers (2.5 mi) west of Red Square , overlooked by the Third Ring Road. The project occupies an area of 60 hectares. The second-largest central business district is Yekaterinburg-City in Yekaterinburg , the fourth-largest city in
1881-515: The commercial and business activity located in or in the vicinity of the area. It has a permanent population of around 63,000 inhabitants and, during weekday business hours, a floating population that exceeds 700,000 daily commuters from other districts in Lima , the national capital. San Isidro is served by three stations of El Metropolitano , Lima's bus rapid transit system: Estación Javier Prado , Estación Canaval y Moreyra (with over 16,000 daily passengers) and Estación Aramburú . In
1938-656: The country. It is located on the Iset River , and is under development as of 2021. The area occupies five hectares. Saudi Arabia has several business districts, including: In Singapore , the CBD is in the Downtown Core , one of the constituent planning areas of the Central Area , the country's city center . Its densest point is centered around Raffles Place , where most of Singapore's skyscrapers are located. The CBD sometimes also describes Central Area as
1995-466: The development of megacities that often have multiple CBDs scattered across the urban area. Downtown sections of cities, especially in North America , often are distinct from CBDs and city centres. No two CBDs have the same spatial shape, but there are certain common geometric patterns, which are largely a result of centralised commercial and industrial activities. In Australia , the term CBD
2052-404: The early 21st century, the southeastern district of Surco experienced a significant increase in upscale corporate developments in the area comprised by avenues Manuel Holguín, El Derby, El Polo, and La Encalada due to lower restrictions to grant construction permit and proximity to residential middle and upper class districts and is set to become, after traditional San Isidro and Miraflores ,
2109-574: The east, to the expanded Sheppard-Yonge Station which crossroads with the Yonge-University line. The Sheppard Centre, originally built in the 1970s, had a cinema added in the late 1990s, then it was extensively renovated from 2016 to 2021. Canada's deadliest vehicle-ramming attack occurred on April 23, 2018, when a rented van collided with numerous pedestrians , killing 10 and injuring 16 others on Yonge Street between Finch and Sheppard Avenues. One became quadriplegic and permanently required
2166-703: The extended area of Gomti Nagar , and Aminabad in old Lucknow. Kolkata also has central business districts, including B.B.D. Bagh , Park Circus , Esplanade , Salt Lake Sector V , and New Town . The largest CBD in Indonesia is the Golden Triangle ( Segitiga Emas in Indonesian ) in Jakarta . Sudirman Central Business District , a super block that is located within the Golden Triangle,
2223-599: The financial capital of the country, the famous CBD is The Bandra Kurla Complex in Mumbai . In Mumbai itself there is Nariman Point , which is another CBD including Andheri and Parel . Parry's Corner and Nungambakkam are among the main CBDs of Chennai . Bangalore has five notable business districts: UB City , Brigade Gateway, Koramangala , Indiranagar , and Electronic City . Lucknow has three business districts, including Hazratganj Market , Gomti Nagar Extension at
2280-581: The fourth in the world. La Défense hosts 19 of the world's biggest 500 companies , whilst the Paris region as a whole hosts 29 of the world's 500 largest companies, establishing itself as the first city in Europe (and the third worldwide) for the number of companies classified in Fortune Fortune Global 500 . In Germany , the terms Innenstadt and Stadtzentrum may be used to describe
2337-574: The geographical centers of the city because the city center is the historical center of the city, and usually not very suitable to function as a modern business district. A precursor to modern business districts is EUR in Rome , which is now home to several national and international companies and public bodies. The EUR, the Napoli business district , the Milan business district , and City Life , are among
North York City Centre - Misplaced Pages Continue
2394-574: The last of which features the only W Hotel in the city. Colombia's other notable CBDs include Parque Berrío in Medellín , Bocagrande in Cartagena (the largest touristic CBD in the country), and Paseo de Bolívar in Barranquilla . La Défense , west of Paris , is France 's largest central business district. La Défense was in 2017 ranked as the leading CBD in continental Europe, and
2451-546: The master planning of Bonifacio Global City. Ortigas Center (fourth), with an area of more than 100 hectares (250 acres), is the Philippines' second most important business district after the Makati CBD and is home to Asian Development Bank. Meanwhile, the Makati Central Business District (third), also known as the Makati CBD, is the leading financial and the largest central business district in
2508-581: The most important commercial areas in Italy. Other important business and financial centers are present in Genoa and Brescia . In Pakistan, a central business district or a large, concentrated urban setting within a settlement is called a shehar . Karachi is Pakistan's largest city and the country's economic hub; the I. I. Chundrigar Road acts as Karachi's main financial district. Shahra-e-Faisal in Karachi
2565-533: The neighboring districts, Itaim Bibi and Vila Olímpia , now concentrate a large part of the financial activities in São Paulo and Brazil . Avenida Paulista and nearby streets is a well-established financial center that has several banking offices and corporate headquarters, as well as hospitals. Its Historic Center was the city's first business center; There, the São Paulo Stock Exchange
2622-414: The new Santa Fe , respectively. Russia 's largest central business district is the Moscow International Business Center in Moscow . The shape and type of a central business district almost always closely reflect the city's history. Cities with strong preservation laws and maximum building height restrictions to retain the character of the historic and cultural core may have a CBD quite a distance from
2679-479: The new financial center of Lima . The Philippines has three major central business districts, which are all located in Metro Manila. Bonifacio Global City (second) is the newest and one of the largest central business districts in the Philippines. The Bases Conversion and Development Authority (BCDA), Ayala Land, Inc. and Evergreen Holdings, Inc. controls Fort Bonifacio Development Corporation, which oversees
2736-621: The northwest to the southeast through the historic Lansing. Direct underground level connection from the station are: on the east side with the Empress Walk shopping, entertainment and residential complex; and on the west side with City Centre , which includes commercial office and retail space as well as a cluster of City of Toronto facilities that include Mel Lastman Square , North York Civic Centre , North York Central Library and Douglas Snow Aquatic Centre. Other nearby landmarks include Earl Haig Secondary School , Gibson House , Meridian Arts Centre and York Cemetery . TTC routes serving
2793-522: The other two business districts, Yeouido has some of Seoul's tallest skyscrapers, including Parc1 Tower , International Finance Center Seoul , and the 63 Building . Yeouido is where the National Assembly of South Korea and many media companies and political institutions are based. Smaller but notable central business districts in South Korea include the Jamsil area, which is the location of
2850-450: The site of the rail terminus for the Kuala Lumpur–Singapore High Speed Rail . South Africa 's largest cities, Cape Town , Durban , Johannesburg , Pretoria , and Port Elizabeth , have CBDs that include the corporate headquarters for many of South Africa's largest companies, its convention centers , and many of the country's tallest buildings. Cape Town has one of South Africa's most iconic skyline (which includes Table Mountain ) and
2907-452: The square. The Joseph Shepard Building , a federal government office, is located on the west side of Yonge Street one block north of Sheppard Avenue. Further north and south along Yonge Street, office towers, condominium apartment towers and street-level shops line the street. Gibson House , a museum converted from a mid-19th-century house built by the Canadian politician David Gibson , a Scottish immigrant, land surveyor and participant of
SECTION 50
#17327808347382964-467: The station consists of North York Heritage Murals by North York artists Nicholas and Susana Graven, located at the platform level. The two murals, each made of over 5000 pieces of glazed ceramic tiles using a process invented by Artessa Studios of North York, depict scenes of North York in the 19th century in an abstract way and are titled: The historic place names shown above each of the murals are names of historic communities near an imaginary line from
3021-409: The twin-tower Sheppard Centre commercial and office complex at Yonge and Sheppard. The 1970s saw the extension of the Yonge–University line to Finch, connecting the area to downtown Toronto. Following the opening of the subway extension, the area along Yonge Street, between Sheppard and Finch Avenues, was chosen by North York and Metropolitan Toronto to be developed into a central business district as
3078-433: The west side of Yonge, about 600 metres north of Sheppard. The area's growth increased following the opening of North York Centre station at Mel Lastman Square and the Sheppard subway line. A shopping mall and cinemas were developed on the east side of Yonge Street across from Mel Lastman Square in the 1990s. It is mostly located in the larger official neighbourhood of Willowdale , part of the former city of North York, and
3135-408: Was split off from York County in 1953. The large expansion of Ontario Highway 401, known as the Toronto Bypass, just to the south connected the district to the rest of the Toronto area by freeway. The area was filled in by the 1960s with residential single-family subdivisions. By the 1960s, some high rise development was occurring, such as a Canadian Government Building at Yonge and Elmhurst Street and
3192-514: Was the area revived. In Frankfurt am Main 's city center, there is a business district called the " Bankenviertel ". In Düsseldorf , there is a business district which is located around the famous high street Königsallee with banks, shops and offices. Traditionally, the Central Business District "CBD" of Hong Kong is Central , where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as
3249-428: Was then the City of North York as an infill station of the Yonge–University line. This station was added by excavating alongside the existing tracks, on a level section of route provided for this purpose when the line was built. The view across the tracks between platforms is not as open as most stations, as the solid concrete wall had to retain its load-bearing strength, and smaller openings were cut. In late 2007
#737262