Cadillac Fairview Advances 48 Storeys On Fairview Mall Site

Cadillac Fairview Polishes Plans For 48-Storey Rental On Fairview Mall Site

The tower represents the first phase of the broader Fairview Mall master-plan development, set to bring over a dozen new towers to the parking lots around the mall.

March 10, 2026

11:45 AM

All across the Greater Toronto Area, malls are being reimagined into sprawling mixed-use communities — a movement that’s bringing more housing to transit-oriented sites, while lending fresh relevance to retail. And now, Cadillac Fairview has some skin in the game.

The commercial real estate giant owns and operates Fairview Mall in North York, and the over 40-acre site at 1800 Sheppard Avenue East is set to be embellished with over a dozen new buildings and upwards of 6,000 new residential units, alongside new parkland, a multi-use trail, and new public and private streets. The mall will be retained, and the project will be rolled out in phases.

The first phase of development has been in limbo since 2022, and the most recent rendition calls for a 48-storey mixed-use building and Privately-Owned Publicly-Accessible Space (POPS) on 1.5 acres of the larger development site.

Site Statistics For “Phase 1 South”:

Height: 48 storeys/531 ft
Non-residential GFA: 415,025 sq. ft
Residential GFA: 1,928 sq. ft
Residential units: 584 (all rental)
Unit breakdown: 350 one-beds, 175 two-beds, 59 three-beds, and 18 affordable
Indoor amenity: 13,305 sq. ft
Outdoor amenity: 10,204 sq. ft
Residential parking spaces: 79
Residential biking spaces: 234
POPS area: 10,613 sq. ft

The Site Plan Amendment application for Phase 1 South was submitted to the City in early February, on the heels of a Zoning Bylaw amendment application filed in December 2025. While changes were made between the two submissions — for example, the unit-count was brought down from 585 to 584, and the parking spaces from 81 to 79 — any adjustments are minor compared to the changes made to the proposal since first and second submissions in 2022 and 2023.

Most notably, Cadillac Fairview has opted to pare down the number of towers planned for the initial phase of the development. In 2022, the first phase was proposed to deliver three towers, at 58, 48, and 38 storeys, with 1,416 residential units between them. In 2023, the tower heights were adjusted to 52, 45, and 38 storeys, jointly containing 1,323 units.

In 2024, however, North York Community Council recommended the refusal of the proposal, amid significant community feedback raised over the lack of affordable housing in the proposal, and the impact the intensification would have on things like traffic and safety. Through an organization called Build a Better Fairview, it appears that residents continue to rally for more affordable housing — a 20% share of the overall unit-count — amongst more.

Gateway view looking north/Adamson Associates

Architectural plans prepared by Adamson Associates depict the Phase 1 parcel abutting the Fairview Mall parking garage on the south end of the site, and southeast of the mall. The tower itself is shown rising from a seven-storey podium that’s wider than the tower element, to accommodate a seating area on the roof looking over the proposed POPS area.

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Cadillac Fairview Polishes Plans For 48-Storey Rental On Fairview Mall Site

​The tower represents the first phase of the broader Fairview Mall master-plan development, set to bring over a dozen new towers to the parking lots around the mall.

Site Statistics For “Phase 1 South”:

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The tower represents the first phase of the broader Fairview Mall master-plan development, set to bring over a dozen new towers to the parking lots around the mall.

The sale of 34-70 Montgomery Avenue was completed last year, and Graywood has since submitted a new application for the site.

"This is not about architectural indulgence. It is about aligning policy incentives with outcomes the city already claims to want: stable communities with affordable quality housing that supports residents through multiple life stages."

The proposal would see Onni Group redevelop the Regency Gardens apartment complex near Whalley Athletic Park into five mid-rise buildings and seven high-rise buildings.

LJM Developments completed the LJM Tower at 2782 Barton St E last year, but many buyers did not close on their presales. LJM has also defaulted on several other loans.

The partnership between the federal and provincial governments will see Build Canada Homes contribute $170 million, and BC Housing contribute $640 million.

The venue’s parent company was placed under receivership in 2023, with almost $10.5 million owing to TD.