UPDATE: DOWNTOWN TORONTO'S OXFORD PLACE HAS BEEN PUT ON HOLD

[Image Source]

Toronto's proposed Oxford Place mega-project has been put on hold. It would have included a substantial retail mall that could have rivalled the Toronto Eaton Centre in size. Oxford Properties' CEO made this revelation to The Globe & Mail in this article. 

One of the reasons the project was put on hiatus is because the City of Toronto voted against allowing a casino on the premises. A casino was considered to be key for Oxford Place's success. 

We first reported on Oxford Place in October, 2012. The ~1 million-square foot retail project could have housed multiple anchor tenants as well as a massive shopping centre. We subsequently provided renderings of the project, raising optimism that a substantial luxury retail component could be included.

[Image Source]

Other new Downtown Toronto shopping centres may still be developed. In November 2012, we reported on a possible half-million square foot mall where the Globe & Mail headquarters are currently located. In January we reported on a retail component that could be part of a major residential/commercial project at the foot of Yonge Street.  In March we reported on a proposal for a 750,000 square foot mall as part of a proposed mega-project at Toronto's Exhibition Place. Most recently, we reported on a possible large shopping centre adjacent to Toronto's Ryerson University. 

Source: Globe & Mail article

[Oxford Place website]

[Oxford Place proposal]

[Oxford Properties website]