Our Story

Aerial view of the runway at YZD

Designed with tomorrow in mind

In the heart of Toronto, the largest urban redevelopment in North America is underway. Called YZD, the call-sign of the former Downsview Airport, its 370 acres will become several vibrant neighbourhoods, featuring homes, parks, shops, schools and workplaces. YZD will redefine what it means to live in a city that prioritizes quality of life.

Led by Northcrest Developments

Northcrest Developments is leading the transformation of YZD. Based in Toronto, Northcrest is a wholly owned subsidiary of the Public Sector Pension Investment Board (PSP), a federal Crown Corporation and one of Canada's largest pension investors. 
 
Over the coming decades, Northcrest will transform this former airport into a vibrant new part of the city, with transit-connected neighbourhoods centrally connected by the reimagined Runway – slated to become one of the most iconic public spaces in North America.

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Photo of YZD representative giving presentation

Proud to be Recognized

2026

Greater Toronto's Top 2026 Employers

Northcrest Developments has been named one of Greater Toronto’s Top Employers for 2026.

2026

The Peak's 2026 Emerging Leaders

Elizabeth Brachaniec, Northcrest's Director of Legal and Corporate Secretary, has been named one of The Peak’s 2026 Emerging Leaders – recognizing Canada’s most ambitious leaders under 40.

2025

Connect CRE Canada's 2025 Next Generation Awards

Three members of the Northcrest team - Arleigh Hack, Leorah Klein, and Ian Hanecak - have been named Connect CRE Canada's 2025 Next Generation Award winners. The Awards recognize young leaders who will have a strong influencer on the commercial real estate industry.

2025

The Globe and Mail Best Executive Awards

Northcrest's Executive Vice President of Development, Kristy Shortall, was named one of Canada’s Best Executives for 2025 by The Globe and Mail’s Report on Business magazine, an annual award recognizing exceptional leaders who drive their companies forward through outstanding work in areas such as finance, operations, HR, sustainability, and technology.

2025

The Pineapple Awards

The Downsview Framework Plan, developed collaboratively by Northcrest, Canada Lands Company, and a diverse team of partners and designers, has been shortlisted for The Pineapple for International Future Place.

2025

City Nation Place Awards

Northcrest has been named a finalist for Best Placemaking Initiative at the 2025 City Nation Place Awards.

2025

PlanON Awards

The Downsview Area Secondary Plan received the PlanON Award of Excellence from the Ontario Professional Planners Institute.

2025

Architizer Vision Awards

Northcrest is a two-time finalist in the 2025 Architizer Vision Awards for the categories: Vision for Renewal and Vision for Reuse & Renovation.

2024

National Urban Design Awards

The Downsview Framework Plan, a joint effort between Northcrest, Canada Lands Company, and a diverse team of partners and designers.

2024

Azure People's Choice Awards

The Downsview Framework Plan has received the 2024 Azure People's Choice Award for Urban Design Unbuilt Developments.

2023

Toronto Urban Design Awards

The Framework Plan was awarded the Toronto Urban Design Award of Excellence in the Vision and Masterplan category.

2023

Architizer A+ Awards

The Hangar District received a special mention for the Architizer A+ Awards in the landscape & planning category, for the unbuilt masterplan award

2022

World Architecture Festival Awards

The Framework Plan is the World Architecture Festival 2022 category winner of WAF Future Project: Masterplanning and was recognised as a 2022 WAFX award winner.

Making an Impact

Meet the people, partnerships, and ideas helping shape YZD's impact today – and for the future.

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Building Indigenous Partnership from the Ground Up
Building Indigenous Partnership from the Ground Up
Placemaking with Purpose: Designing for the Future, Now
Placemaking with Purpose: Designing for the Future, Now

Alana Mercury

Making Space: A Mural Rooted in Accessibility
Making Space: A Mural Rooted in Accessibility
Building Place Through Creativity and Play
Building Place Through Creativity and Play

Derek Goring

Where People Shape Place: A Look at the YZD Scholarship Program
Where People Shape Place: A Look at the YZD Scholarship Program
Creating Space to Connect, Play, and Imagine at YZD
Creating Space to Connect, Play, and Imagine at YZD

Asha Deboran-Hotrum

More than a Market – Finding Community through Food
More than a Market – Finding Community through Food
Designing a Living City at YZD: Infrastructure, City Nature and a Sense of Place
Designing a Living City at YZD: Infrastructure, City Nature and a Sense of Place

Jesse Zuker

Let's Talk

If you would like to explore career opportunities with us, please complete the form and our team will be in touch.

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Help Create What Comes Next

Whether you're a business looking to plant roots, a creative partner, or curious about what's possible at YZD – we'd love to hear from you. Reach out to explore leasing opportunities and more.

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