New condos pickering . Take stock of the historical landmarks of Duoshi’s transformation into high-rise apartments. Times are constantly changing, and great changes are taking place in the retail industry. Consumers prefer to shop online and visit brick-and-mortar stores less and less.
Many shopping malls or shops that were once popular were gradually eliminated by the times and were eventually purchased by real estate developers and then demolished and redeveloped into high-rise residential buildings.
Honest Ed’s, known as the “three-story” department store, is located at the junction of Bloor Street West Street and Bathurst Street Street on the west side of the city. It occupies an area of 1.8ha and is one of the landmarks of Toronto. It was founded in 1948 by Edwin Mirvish, a Toronto charity merchant. Apart from its reputation for cheap goods, the store is most familiar with the annual free distribution of Christmas turkeys. When Ma Weishu died in 2007, his son David Mirvish inherited the estate. In 2013, the three-story building was sold to Vancouver-based property developer Westbank, until 2016, when New Year’s Eve, the 68-year-old store, officially closed. The developer will develop into a Mirvish Village with a number of high-rise and high-rise residential buildings at the site, with more than 855 units, which is expected to be completed in 2022.
Galleria Shopping Center, located in the Wallace Emerson community in the city center, was built in 1972. Because there are many large supermarket chains, such as Price Chopper, Zellers and so on, it used to be a daily shopping hot spot for residents in the area. In 2015, developer Elad Canada bought the site and plans to create a large mixed commercial and residential community called Galleria on the Park. On the 8-acre site, eight high-rise condominiums will be built, as well as community centers, parks, offices and shops. At present, the first two buildings of the first phase are already in the pre-sale stage and are expected to be completed in 2023. When all residential buildings are completed, 3400 residential units will be provided in the district.
Plant World, once a favorite for horticulturists, is located in Eglinton Avenue West Royal York Road, Yitaobigu City, covering an area of about 5 acres. It officially closed its business last September. Lanterra Developments, the real estate developer who bought the land, is planning to build a condominium community Notting Hill Condos consisting of four residential buildings, retail stores, parks, etc. The project is now in the pre-sale stage and is expected to be occupied in 2024 and will provide 1320 residential units upon completion.
Since the 1980s, red brick buildings located between the Annex and Yorkville communities have become the hub of the interior design industry. Trade professionals, architects, interior designers, etc., have all developed their careers on this site made up of five buildings. Real estate developer Cityzen Development Group, with the help of construction company BBB Architects, designed the building into a 92-unit condominium building called Designers Walk Condos. Because each terrace is designed to be full of plants, it is called the first vertical forest building in the country.
World’s Biggest Bookstore, within walking distance of the shopping mall Eaton Centre, is not the largest bookstore in the world, but it is also one of the famous landmarks of Toronto. The bookstore opened in 1980 and closed in 2014. Real estate developer Lifetime Developments bought the site and converted it into a condominium project called Panda Condos, a 30-story building with a total of 555 units. At present, the construction project is in full swing and is expected to be occupied in May 2021.
Cumberland Terrace, which is located in the prime location of Yorkville, used to be a popular shopping hot spot for residents and consumers in the district, but with the changes of the times, the pattern of the shop has become old and out of vitality, and there are fewer and fewer visitors. Both sides of the mall are also being rebuilt into condominium buildings, making the mall even more disjointed. The renovation plan of the property developer Kingsett Capital is to convert the site into a Cumberland Square with three residential buildings, which will provide more than 1500 flats upon completion.
The red-roofed mall in Yonge and Cummer in North York has a history of more than half a century. it is a good place for residents to buy daily necessities and food, especially on weekends. In 2017, China Olympic Park International Aoyuan International acquired the site to develop the well-planned community M2M Condos, which occupies an area of 8.6 acres. The plan includes five condominium buildings, commercial and retail stores, community centers, child care centres, and so on.