by the end of 2025. Many will settle in the GTA, Canada’s economic hub. But land in the city is scarce, and Toronto’s zoning laws prevent highrise development in many neighbourhoods with single-family homes., said Randall Bartlett, senior director of Canadian economics at Desjardins. Known colloquially as the “yellowbelt,” the term refers to around 70 per cent of Toronto’s residential areas zoned for detached or semi-detached housing.
Many of the second-tier malls, or regional malls such as Cloverdale and Centerpoint, need help attracting more visitors, with bigger retailers and more experiential offerings such as spas, beauty salons and entertainment centres, Gomez said. Malls that are past their prime, or no longer delivering much profit, need the surrounding densification to improve foot traffic, he added.
In many ways, malls already have the foundational building blocks to create a new neighbourhood, said Rob Spanier, president of Spanier Group, a mixed-use development and advisory firm. “It’s around 30 acres of land, so where do you start?” Knight said. “We began by thinking about creating biking networks and lots of canopy coverage of trees on the streets, as well as multiple parks, to create public space that is fully accessible.”
An extensive, multi-stage plan is in the works for Scarborough Town Centre, with four main areas: a retail core that consists of the current mall, a high-density condo complex of 45- to 65-storey highrises focused around the future transit hub, a high-density parkside neighbourhood, and a residential village located along Brimley Road.
It’s unclear if the health centre will be in the master plan, but for now, it will remain in place during the initial redevelopment stages, according to the developer, Davpart.
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