The Clove is a masterplan community with the first phase featuring 600 housing units at Cloverdale Mall.
Deep-pocketed developers are dishing out $6 billion to create a new commercial and housing development dubbed The Clove at Cloverdale Mall.
The Clove is located in the Dundas Street W., and The East Mall, across from the mall.
The Clove will be two towers of 33 and 9-storey with a total of 606 mixed condo units. Units will be a mix of studio, one bedroom, two bedroom and three-bedroom layout, according to a release by Quadreal Property Group and Mattamy Homes.
The estimated completion date is still unknown.
The development will cost billions and change the landscape of Cloverdale Mall.
Final designs for the development has been released into what is described as the first phase of the Cloverdale Mall redevelopment, that would see condos and town homes in the mall’s parking lot.
The property is being marketed as Cloverdale’s signature condominium project on the 2.3 acre gateway site located at 2 & 10 The East Mall Crescent, according to a September 3 release.
The development will feature a new street, community amenities and transportation essentials, according to the developers.
“The Clove’s lush courtyard offers an almost resort-like feel for residents as they pull up to the building, evoking a more urban, contemporary take on the ‘Tower in a Park,” the release stated.
The development will take many years to complete in addition to condos and townhomes in the parking lot of Cloverdale Mall.
“The team has worked hard to design a tower that will serve as a gateway to the rest of the development, while offering a striking presence on Toronto’s west-end skyline,” says Niall Haggart, President, GTA Urban Division, Mattamy Homes.
Ralph Giannone, founding partner, GPA Architects, said the development is part of a 32-acre masterplan community.
“The result is a signature building, and new master plan, that opens up new opportunities for long-term residents to stay in the community they love, while also allowing new residents to move into this part of the city.”
The complex will help meet the needs of the growing community, as there will be two public parks and other green spaces.