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Toronto’s proposed Oxford Place mega-project has been put on hold. It would have included a substantial retail mall that could have rivalled the Toronto Eaton Centre in size. Oxford Properties’ CEO made this revelation to The Globe & Mail in this article.
One of the reasons the project was put on hiatus is because the City of Toronto voted against allowing a casino on the premises. A casino was considered to be key for Oxford Place’s success.
We first reported on Oxford Place in October, 2012. The ~1 million-square foot retail project could have housed multiple anchor tenants as well as a massive shopping centre. We subsequently provided renderings of the project, raising optimism that a substantial luxury retail component could be included.
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Other new Downtown Toronto shopping centres may still be developed. In November 2012, we reported on a possible half-million square foot mall where the Globe & Mail headquarters are currently located. In January we reported on a retail component that could be part of a major residential/commercial project at the foot of Yonge Street. In March we reported on a proposal for a 750,000 square foot mall as part of a proposed mega-project at Toronto’s Exhibition Place. Most recently, we reported on a possible large shopping centre adjacent to Toronto’s Ryerson University.
Source: Globe & Mail article
[Oxford Place website]
[Oxford Place proposal]
[Oxford Properties website]
