Galleria Mall Toronto

Galleria Mall on Dupont sold to condo developer

Dupont Street is rapidly changing. A number of prominent developers have acquired plots on the formerly industrial strip with plans to build both high and mid-rise mixed-use buildings.

Now there are reports that Freed Developments has purchased the Galleria Mall, a lagging mall in desperate need of refurbishment.

A representative from Galleria confirmed that as of August 14, the building's new owner is 2470347 Ontario Inc. with Avison Young Property Advisors and Managers Inc. as the property manager. As of present, Freed Developments has yet to comment.

Instead of getting a makeover, the mall could get a complete overhaul, and a new life, as some sort of mixed use condo tower likely thanks to one of the most fashionable developers in the city.

This wouldn't be Freed's first foray onto Dupont. The company has already acquired land west of Spadina and has submitted a rezoning proposal with plans to construct two high-rise condo towers at 328 Dupont with a total 560 residential units.

The Galleria is currently home to discount grocery store Fresh Co. and the relatively recently opened Planet Fitness. For many, however, a sale such as this seemed inevitable.

What do you think of the Galleria Mall sale? Let us know in the comments.


Join the conversation Load comments

Latest in City

Toronto neighbourhood really doesn't want new homeless shelter

Toronto medical officer of health links COVID-19 surge to Thanksgiving

Someone just created a series of Toronto neighbourhood stamps

21-year-old man shot to death in Toronto LCBO parking lot after social distancing dispute

The TTC bus on Jane continues to be plagued with overcrowding

Toronto told public health interventions could take weeks to show benefits

Toronto neighbourhoods cancel candy chutes but something positive came out of all of this

This is what department stores used to look like in Toronto