Toronto Galleria III | 112.4m | 31s | Almadev | Hariri Pontarini

My fiancee and I are buying a unit in this building (our first home!) and allegedly, occupancy for the lower floors is starting in April đź‘€

With the mall slated to be demolished later this year (see below), I believe we can expect a pharmacy, grocery store, and gym (this has been confirmed with me, not sure which brand though) taking up the retail spaces on the first 2 floors for the building.
brilliantskip said:
According to the cover letter from the Draft Plan of Condominium for Galleria III, the remaining portion of Galleria Mall is slated to be demolished in Q4 of this year.
Click to expand...

I remember seeing somewhere that as part of the master plan agreement, Almadev needs to replace all of the neighbourhood amenities prior to removing them (but I don't know this for sure)
 
ryanbruins17 said:
My fiancee and I are buying a unit in this building (our first home!) and allegedly, occupancy for the lower floors is starting in April đź‘€

With the mall slated to be demolished later this year (see below), I believe we can expect a pharmacy, grocery store, and gym (this has been confirmed with me, not sure which brand though) taking up the retail spaces on the first 2 floors for the building.


I remember seeing somewhere that as part of the master plan agreement, Almadev needs to replace all of the neighbourhood amenities prior to removing them (but I don't know this for sure)
Click to expand...
A gym on the second floor of the tip of the flatiron overlooking the intersection would be hot.
 
Towered said:
A gym on the second floor of the tip of the flatiron overlooking the intersection would be hot.
Click to expand...

In my perfect world it would be (and knowing what needs to be included):

Ground Level:
  • Grocery store
  • Pharmacy
2nd floor:
  • Gym (at the rear/ west end)
  • Restaurant (tip/ east end)
 
Towered said:
A gym on the second floor of the tip of the flatiron overlooking the intersection would be hot.
Click to expand...

ryanbruins17 said:
In my perfect world it would be (and knowing what needs to be included):

Ground Level:
  • Grocery store
  • Pharmacy
2nd floor:
  • Gym (at the rear/ west end)
  • Restaurant (tip/ east end)
Click to expand...
A 19,900 sq ft gym is planned for the 2nd floor bullnose space. The second largest unit on this level about 8,300 sq ft. A third unit of about 2,000 sq ft is down a long hallway. I doubt either of those units would attract food-related commercial.

On the ground level, the largest Commercial Retail Unit is about 5,830 sq ft, so maybe a convenience story or pharmacy? There are five other, smaller CRUs at ground level, the next largest of which is about 4,320 sq ft facing Dupont.

42
 
Had to go dig these up from a @ProjectEnd post in the Galleria 1 & 2 thread from a few years ago, but it looks like the "Grocery Anchor" tenant is slated for the second floor of Block 1, completion estimated in 2030. If that's the case and they're proceeding with demolition of the rest of the mall in Q4 this year, there won't be an operating grocery store to replace Freshco before that happens.

That would be pretty unfortunate considering the commitment to replace before demolishing. Hope I'm just missing some information, otherwise it looks like there won't be a grocery store for a number of years here. I assumed the stub of the mall would remain until Block 1 was finished.

1771966010001.png

1771966023788.png
 
evanb said:
Had to go dig these up from a @ProjectEnd post in the Galleria 1 & 2 thread from a few years ago, but it looks like the "Grocery Anchor" tenant is slated for the second floor of Block 1, completion estimated in 2030. If that's the case and they're proceeding with demolition of the rest of the mall in Q4 this year, there won't be an operating grocery store to replace Freshco before that happens.

That would be pretty unfortunate considering the commitment to replace before demolishing. Hope I'm just missing some information, otherwise it looks like there won't be a grocery store for a number of years here. I assumed the stub of the mall would remain until Block 1 was finished.

View attachment 717207
View attachment 717208
Click to expand...
evanb said:
Here is the exact wording from the Galleria III condominium application:

View attachment 717209
Click to expand...
There isn't a hope in hell Almadev is proceeding with Phase 3 and 4 in this market for the foreseeable future. The store, as is, is safe for now.
 
ProjectEnd said:
There isn't a hope in hell Almadev is proceeding with Phase 3 and 4 in this market for the foreseeable future. The store, as is, is safe for now.
Click to expand...
What would be the rationale of them submitting a letter (dated January 22 2026) that includes plans to demolish in Q4 if it's very unlikely as you say? Does it just serve to be optimistic, simply following the development process, or something else?
 
txlseries4 said:
What would be the rationale of them submitting a letter (dated January 22 2026) that includes plans to demolish in Q4 if it's very unlikely as you say? Does it just serve to be optimistic, simply following the development process, or something else?
Click to expand...
My extremely uneducated take on this would be that the developer could have the financial stability to fund a project without pre-sales, and be confident by the time the tower is built (~2029-2030), the market will have rebounded and sales would be more likely?

To be clear, I agree with ProjectEnd's take that these next towers won't be built as per the "schedule", but who knows!
 
txlseries4 said:
What would be the rationale of them submitting a letter (dated January 22 2026) that includes plans to demolish in Q4 if it's very unlikely as you say? Does it just serve to be optimistic, simply following the development process, or something else?
Click to expand...
Half of 'development' is just a (fun) shell game. I can't fathom why they'd axe the majority income stream on the property with no market for the subsequent development, but I also do not have any direct insight into their operation. I'm not a betting man but gun to my head, they're not doing anything this year.
ryanbruins17 said:
My extremely uneducated take on this would be that the developer could have the financial stability to fund a project without pre-sales, and be confident by the time the tower is built (~2029-2030), the market will have rebounded and sales would be more likely?

To be clear, I agree with ProjectEnd's take that these next towers won't be built as per the "schedule", but who knows!
Click to expand...
Almadev does not have anywhere near that kind of loose capital, nor would it benefit them to build this on spec.
 
With Spoke, Diamond and this there are at least 1,784 new units available for this neighbourhood (West Dupont West?!).
 
You must log in or register to post here.

Back
Top