Cadillac Fairview (CF) and TD Greystone Asset Management (TD Greystone) have announced plans to revitalize Toronto’s CF Fairview Mall.
The press release revealed an estimated $80-million will be dedicated to the creation of a restaurant row, changes to the former department store space and improvements to pedestrian access
CF and TD Greystone are also in discussions with the City about rezoning the CF Fairview Mall site to accommodate additional, mixed-use density.
“This area is undergoing many changes which reflect peoples’ desire to work, live, shop and dine in a dynamic, transit-connected mixed-use community,” said Wayne Barwise, executive vice-president of development, CF. “Our redevelopment plan is about diversifying CF Fairview Mall and the surrounding land so we can continue to offer a vibrant destination for people to come together and enjoy.”
“We are excited to be involved in the redevelopment of CF Fairview Mall, one of Canada’s premiere mall and shopping destinations in Toronto. The mall’s strategic proximity to transit and nearby residential neighbourhoods is ideal for creating a unique experiential and service-oriented retail environment,” said
Once the rezoning application has been accepted for review by the City, public information meetings will be held to provide more information about these changes as part of the rezoning process. CF looks forward to working with local residents and community groups on these plans.
“This area is undergoing many changes which reflect peoples’ desire to work, live, shop and dine in a dynamic, transit-connected mixed-use community,” said Wayne Barwise, executive vice-president of development, CF. “Our redevelopment plan is about diversifying CF Fairview Mall and the surrounding land so we can continue to offer a vibrant destination for people to come together and enjoy.”
Jeff Tripp, managing director, real estate investments, TD Greystone, added: “We are excited to be involved in the redevelopment of CF Fairview Mall, one of Canada’s premier mall and shopping destinations in Toronto. The mall’s strategic proximity to transit and nearby residential neighbourhoods is ideal for creating a unique experiential and service-oriented retail environment.”
Construction is expected to begin this month with completion of the revitalization project slated for 2023.
