Cloverdale Mall area set for major community development
By NextHome Staff
August 20, 2019
August 20, 2019
Prospective homebuyers looking for new opportunities in the west end of Toronto might want to keep an eye out for developments around Cloverdale Mall in Etobicoke.
Property owner QuadReal Property Group of Vancouver has big plans for the area that extend well beyond a major redevelopment of the shopping mall itself, which dates back to 1956 when it first opened as an open-air plaza.Following a year of community consultation, QuadReal plans to submit a rezoning application to the City of Toronto in December, proposing a comprehensive master plan to redevelop the existing 32-acre mall property into an innovative, dynamic and sustainable mixed-use urban community. The plan is to integrate the mall within the surrounding neighbourhoods, providing greenspace, as well as mixed residential, retail and community amenities.
"The new Cloverdale community will offer a diverse mix of residential types, to create housing for all stages of life – from young professionals to seniors, students to families," Ben Gilbank, director of development at QuadReal, told HOMES Publishing. "A variety of residential types will be provided, including rental, condo and affordable units, enabling cross-generational opportunities for housing. Units will range in size from smaller to larger, family-style units.Once the proposal is submitted to the City in December, the next few years will be dedicated toward obtaining planning approvals, prior to commencing the first phase of construction, Gilbank adds.
Property owner QuadReal Property Group of Vancouver has big plans for the area that extend well beyond a major redevelopment of the shopping mall itself, which dates back to 1956 when it first opened as an open-air plaza.Following a year of community consultation, QuadReal plans to submit a rezoning application to the City of Toronto in December, proposing a comprehensive master plan to redevelop the existing 32-acre mall property into an innovative, dynamic and sustainable mixed-use urban community. The plan is to integrate the mall within the surrounding neighbourhoods, providing greenspace, as well as mixed residential, retail and community amenities.Multi-generational residences
QuadReal says it plans to incorporate feedback from the community, including local residents, business owners and shoppers. To ensure the development is reflective of community values, the company has built a 4,000-sq.-ft. space called the Cloverdale Common within the existing Cloverdale space, which hosts arts and culture programming, events and open houses to discuss the proposed plans. The resulting feedback will be considered in developing the property to include shopping, but also multi-generational residences, all-season parkland, arts and culture programming, fitness and wellness facilities, restaurants and more."The new Cloverdale community will offer a diverse mix of residential types, to create housing for all stages of life – from young professionals to seniors, students to families," Ben Gilbank, director of development at QuadReal, told HOMES Publishing. "A variety of residential types will be provided, including rental, condo and affordable units, enabling cross-generational opportunities for housing. Units will range in size from smaller to larger, family-style units.Once the proposal is submitted to the City in December, the next few years will be dedicated toward obtaining planning approvals, prior to commencing the first phase of construction, Gilbank adds.