Toronto mall will be completely demolished for new towers and public parks

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Toronto mall will be completely demolished for new towers and public parks Toronto TorontoMall TorontoRealEstate RealEstate

and replace it with a mixed-use community of 15 towers and over 5,700 residential units across 10 phases, a plan which has continued to evolve since the August proposal.informing the public of the project plans was launched earlier this year, packed with previously-unseen renderings and other information about the mall's immediate and long-term future.

The first loss in retail space is expected to come"approximately 7 to 10 years from now" with the removal of a portion of the mall. This second phase will replace that portion of the mall footprint with a new mixed-use building as well as streets, urban squares, retail space, and parkland. Phase three is expected to begin 11 to 15 years from the current date, bringing more residential, retail, and public spaces to what will by then be a fast-burgeoning community.

This phase is not planned to cut into any additional mall space, and all businesses mentioned above are expected to continue operating well into the 2030s.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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It’s a high crime neighbourhood

Hard pass. Couldn’t pay me to live there . 😂😂😂

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