Wednesday, November 10 - today's announcement from Cadillac-Fairview and DiamondCorp:
Cadillac Fairview and DiamondCorp Announce New Master Plan Vision for CF Sherway Gardens
TORONTO, Nov. 10, 2021 /CNW/ - Cadillac Fairview (CF) along with new partner DiamondCorp are pleased to announce a rezoning submission for the first phase of a new Master Plan that anticipates a series of developments, which will ultimately surround and complement CF Sherway Gardens, creating a vibrant, new community in west Toronto.
CF and DiamondCorp have collaborated on a renewed Master Plan vision for CF Sherway Gardens that will transform the peripheral parking lands into a vibrant, complete community supported by new buildings containing a mix of residential, office and retail uses, a range of new parks, open spaces, a combination of private and public streets, and pedestrian and cycling connections, centered around the retention of one of Canada's most successful shopping centres.
CF Sherway Gardens, celebrating its 50th anniversary as a regional shopping destination, has been a key contributor to the local economy and landmark for west Toronto. "As we reflect on the history of how CF Sherway Gardens has evolved in the past, we are very excited to plan for its future. The Master Plan vision will help urbanize, enhance and create a thriving new mixed-use community," said Wayne Barwise, Executive Vice President, Development, Cadillac Fairview.
The first phase of development is located on the north side of the shopping centre, fronting The Queensway. This phase is approximately 1.28 million square feet of mixed-use development, which will consist of four new buildings, two condominiums and two CF rental residential buildings, with retail and amenities. A new public park is proposed as well as a pedestrian urban plaza and a large landscaped zone along The Queensway, which will include a multi-use path, planting and seating opportunities. The rezoning application required to permit the Phase 1 development has now been filed with the City.
"We look forward to partnering with Cadillac Fairview to bring quality residences to the CF Sherway Gardens Community, and working with key community stakeholders, the City and the broader community through the municipal planning consultation process to bring this vision to life," said Stephen Diamond, CEO of DiamondCorp.