Two years after describing the property around the Carlingwood Shopping Centre property as ripe for densification, the owners of the west-end mall say there are currently no plans to add housing to the 30-acre site. Vancouver-based Anthem Properties Group and Toronto\u2019s Streamliner Properties Inc. partnered in 2024 to acquire the 632,700-square-foot retail complex on Carling [\u2026]<\/p>\n
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Two years after describing the property around the Carlingwood Shopping Centre property as ripe for densification, the owners of the west-end mall say there are currently no plans to add housing to the 30-acre site.<\/p>\n
Vancouver-based Anthem Properties Group and Toronto\u2019s Streamliner Properties Inc. partnered in 2024 to acquire the 632,700-square-foot retail complex on Carling Avenue<\/a>, which is anchored by the country\u2019s largest Canadian Tire store.\u00a0<\/p>\n After purchasing the mall, the new owners issued a statement saying its proximity to a major arterial road and the soon-to-be-completed New Orchard LRT station made the property a \u201cprime location for much-needed incremental residential density.\u201d<\/p>\n However, a spokesperson for Anthem Properties now says the real estate firm and its Toronto-based partner don\u2019t expect to launch any major construction projects at the site any time soon.<\/p>\n \u201cAt this time there are no development plans for Carlingwood,\u201d Rebecca Vigelius, a communications adviser to Anthem, said in an email to OBJ.<\/p>\n Vigelius said Carlingwood\u2019s owners \u201ccontinue to maintain and improve\u201d the shopping plaza, which celebrated its 70th anniversary three weeks ago.<\/p>\n A parking garage at the north end of the property was recently demolished because it \u201cneeded significant repair and was no longer in use,\u201d she said, adding the structure is slated to be replaced with a new surface parking lot as well as updated sidewalks and stormwater drainage systems. That work is expected to be completed by the end of this year.<\/p>\n Anthem and Streamliner said in May 2024 they planned to take a \u201cphased approach\u201d to building out the property, which some local real estate observers described as an ideal location for highrise condos or rental apartments on the parking lots surrounding the shopping centre.<\/p>\n When the mall\u2019s previous owners put the plaza and its surrounding property up for sale three years ago, Carleton University professor Ian Lee argued Carlingwood\u2019s true long-term value lies more in residential development than in its retail component.<\/p>\n