Four condo towers ranging up to 41 storeys are planned for Sherway Mall parking lot.
What some say is a sign of the shifting condo market.
Sherway Gardens has filed paperwork with the City of Toronto to tweak its plan to build four towers from 14 to 41 storeys high in the spacious parking lot of the mall.
The project by Diamond Corp. and Cadillac Fairview proposes to build condos and purpose-built rentals on the property.
The mall in a 2023 plan had sought for four buildings with heights of 12 to 41 storeys on the paved property.
New proposal tweak for condos in a new look Sherway Mall.
Phase 1 of the massive project is estimated would deliver 1,650 homes, 940 condominium and 710 rental units, according to the developers.
There will also be three public streets built to link the Sherway community, according to plans.
Phasing will see a 41-storey rental tower advancing first, followed by a 40-storey tower, and finally a 35-storey condo and the 14-storey rental building.
There will also be a small park and open green space, according to plans filed.
Another artists view of the planned development surrounding Sherway Mall.
Also planned is a three-level garage with 829 spaces for vehicles and 84 for visitors. The complex provides 1,244 bicycle parking spaces, split between 1,124 long-term and 120 short-term stalls.
Parking lot developments are also taking place in Cloverdale Mall, Dixie Road Discount Mall, Yorkdale and a list of other malls.