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Industry News

Mixed-use development proposed for Toronto’s Yorkdale Shopping Centre

Oxford Properties is proposing a mixed-use development on property around its Yorkdale Shopping Centre in Toronto that will include office buildings, a hotel, residences and retail, reports Inside Toronto.com.

The plan is to build six office buildings and seven residential buildings — ranging in height from two to 28 levels — and the hotel over the coming two decades. Parking is to be underground, with the various buildings connected by a network of streets.

“The future growth will be in collaboration with the community and the city,” Claire Santamaria, Yorkdale’s manager, told The North York Mirror. “Plans are very, very preliminary. In 20 years, we don’t really know what the demand for retail, for residential, will be. We don’t have a partnership with hotels.”

Yorkdale Shopping Centre, which opened in 1964, underwent a C$331 million (about $264 million), 300,000 square foot expansion in 2016.

Nice and neat Dyson opened its first Canadian store at Yorkdale in December.

By Edmund Mander

Director, Editor-In-Chief/SCT