Yet another Toronto shopping centre has just been added to the lengthy list of malls in the area that are either being eyed for redevelopment, or a...
, and is being touted for its vast potential, with 3.66 acres of property ripe for converting into new housing.
Its prime location right off Highway 401 will undoubtedly make it attractive to developers, who are being green lit by all levels of government to build new units — and fast — amid the current housing crisis., with 33 per cent of Rexdale's storefronts currently sitting vacant and hundreds of millions of dollars owed to creditors, it seems unlikely that the aging 100,000-square-foot centre will be making a recovery.West-end property anchored by grocery store, offers redevelopment potential.
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