Artist rendering of what Cloverdale Mall will look like after it is redeveloped.
Plans are moving ahead to convert Cloverdale Mall into a large community hub.
The massive project is in the zoning stage and construction is expected to begin in 2026, according to Aaron Knight, Vice President of Development for Quadreal Property Group, who is behind the project.
Rising on the 33-acres of land on which Cloverdale Mall now sits will be 10 towers, which will range from seven to 48 stories, in addition to other housing. The project will have 5,300 units when completed.
Knight said there will be two parks, underground parking and the shopping mall will remain, but mostly outdoors and smaller in size.
There will be 10 towers going up ranging up to 48 stories being constructed on the Mall site.
There will also be a number of housing options available when the project is completed in about 15 years.
“The mall will remain open and the grocery store, pharmacy, hardware and some other stores that people need will still be there,” he said. “The retail space will remain open and still serving the community.”
Knight said his company has been consulting with residents for about two years as to their needs and what they want to see.
The Mall itself will remain open during the phased construction but will be reduced in size.
“Quadreal has owned Cloverdale for more than 20 years and this will be one of our most important projects,” he said. “We want to deliver more amenities for the community.”
He said the mall will be smaller at 190,000 square feet, as compared to the 400,000 square feet that now exists. The development will be done in phases and the mall will be open with all the basic stores.
There will also be a daycare and community centres, which will be open for residents.
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There will be two parks, underground parking and a community centre.
We have been listening to the community and their needs,” Knight said. “We want this project to be community oriented and to focus on their needs.”
Taking a long term phased approach, QuadReal Property Group aims to redevelop the site keeping several goals in mind including a focus on sustainable design, robust transit integration, improved connectivity, and thoughtful assimilation into the neighbourhood.
Quadreal is a global firm with $74 billion in assets. They are in the process of building a 37 storey rental tower on Merton Street in Toronto’s Davisville community.
The company is also behind the redevelopment of the former Campbell’s Soup site, on Birmingham Street, and own Bayview Village Mall.
“Canada is our most important market,” Knight said. “It is our home and where we do most of our business.”