The city’s real estate development firm Build Toronto is generally involved in the sale of unwanted property to developers, but for the Wilson Station development, a different approach was required due to its proximity to the Downsview Airport which means it is zoned as an airport hazard area.
The Toronto Star reports that the mall, with tenants including Starbucks and A&W restaurant, will eventually be sold.
The Wilson Station mall opened last week and is the first construction project developed entirely by Build Toronto.
More market update:
In a unique move the City of Toronto has built its own shopping mall.