Commercial

GTA mall and plaza redevelopments: the 2026 list for tenants, owners and investors

Twenty malls and plazas being turned into towers and new retail, with each one’s real stage. What it means if you lease there, own nearby or want in.

Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., BrokerageBy Inderpal Sidhu · Updated October 2026 · 8 min read
GTA mall and plaza redevelopments cover

At a glance: parking lots and big-box space at GTA malls are being rezoned for towers with new retail at the base. Only two on this list are under construction. The rest range from approved to proposed, which matters a lot if you hold a lease there.

Checked on 3 October 2026 against official municipal and provincial sources.

The list, from under construction to proposed

Mall / plazaWhereSizeStage (official)
Pickering City CentrePickeringAbout 6,000 units, 10+ towersUnder construction (Block 1, Sep 2025)
Galleria MallToronto (Dupont)Towers plus community centreUnder construction (permit Dec 2025)
Cloverdale MallToronto (Etobicoke)About 5,536 units, 17,176 m² retailApproved Feb 2026
Fairview Mall, Phase 1AToronto (North York)585 rental unitsApproved Apr 2026
Agincourt MallToronto (Scarborough)4,372 units, 24,190 m² retailApproved Dec 2021; no permit
Golden Mile plaza, 1891 Eglinton EToronto (Scarborough)About 2,709 unitsSettlement Dec 2023; permit under review
Scarborough Town Centre landsToronto (Scarborough)Over 15,500 units proposedSettlement Jun 2024; long-range
Centerpoint MallToronto (North York)14.6 ha mixed useSettlement report Mar 2025; final approval not confirmed
1635 Lawrence Ave W plazaToronto (North York)About 1,878 unitsZoning order Jan 2026, suspended pending affordable-housing agreement
CF MarkvilleMarkhamAbout 1,881 units (Phase 1)Plan amendment adopted 2025
Woodside Centre power centreMarkhamUp to 30 storeys on 11.2 haPlan amendment adopted Nov 2025
Promenade CentreVaughanMixed use, office/hotel, parksArea plan approved 2024; subdivision recommended Sep 2025
Upper Canada MallNewmarketPhased over 30–40 yearsMaster plan recommended 2021
Shoppers WorldBrampton877 rental units (Phase 1A)Site plan in review
Erin Mills Town CentreMississaugaReported 3,162 unitsCity page: appealed (Sep 2026); settlement reported, not yet official
Dixie MallMississauga997 unitsUnder review
Burlington Mall central parcelBurlington3,476 units proposedPre-application
Hillcrest MallRichmond Hill588 rental unitsIn process (not approved)
Rougemount Square plazaPickering1,356 unitsNot approved (public meeting May 2026)
3085 Hwy 7 (Longo’s plaza)Markham1,711 unitsNot approved (public meeting Feb 2026)

Lease, buy or sell near one of these sites? Get a confidential second opinion.

Talk to me about your space

If you lease a unit in one of these plazas

  • Read your lease for a demolition or redevelopment clause: how much notice the landlord must give, and whether you get relocation help or compensation.
  • Check your renewal option: a landlord planning towers may offer short renewals only. Price the business sale or move around that.
  • If you are selling the business, a buyer’s lender will look at the term left on the lease. A redevelopment plan can lower what a buyer will pay. See selling a business confidentially.

If you want space in the new retail

New podiums need grocery, pharmacy, clinic, daycare and food operators, and the early tenants often negotiate the best terms. Ask for the leasing plan early, and model your real monthly cost with the rent and TMI calculator.

Tell me what you are opening and I will check zoning, licensing and lease terms before you sign.

If you own a plaza nearby

Approved towers next door change who shops in the area and what your site could be worth to a developer. Get a confidential opinion of value based on your rent roll and zoning, not a guess. Owner valuation, no listing or signage.

Read next: GTA developments 2026–2028: what’s approved and being built

General information, not legal advice. Confirm lease terms with your lawyer and planning status with the municipality. Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage.

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Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage. Not intended to solicit properties or clients already under contract with another brokerage.

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