SmartCentres Proposed GTA Redevelopment In The Works
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SmartCentres, one of Canada’s largest real estate investment trusts, has a unique project for its existing SmartCentres Cambridge shopping centre in the works. Recently obtaining a Minister’s Zoning Order from the Canadian government will allow them to start the 11 million square foot mixed-use redevelopment immediately.
This project will span over 20-years and will include more than 40 buildings ranging from high-rise multi-residential towers to townhomes, seniors housing, commercial/retail and privately owned public spaces, as well as its very own transit hub. The redevelopment will transform the existing shopping destination into a mixed-use playground for all to enjoy.
Mitchell Goldhar, executive chairman of SmartCentres, states that “Both the minister and (Cambridge) Mayor Kathryn McGarry recognize the significant economic benefits of accelerating our redevelopment plans, including the tens of thousands of jobs that will be created and sustained over 20 years.” The Phase 1 construction is said to begin in as early as 2021.
Learn more about the SmartCentres Cambridge redevelopment.
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