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Thornhill’s Promenade Mall opened in 1986, at a time when brick-and-mortar stores ruled the retail world and Internet commerce was still decades away. Today, the mall faces a far different reality. Online shopping continues to spell trouble for traditional malls, with former international retail giant Sears recently becoming a high-profile casualty of the changing times. Sears was once Promenade Mall’s flagship store, but the chain’s bankruptcy and disappearance has left Thornhill’s signature shopping centre without an anchor tenant. All the while, foot traffic in Promenade Mall has continued to decline, leading Liberty Developments to step forward with a bold new plan.
Liberty Developments bought Promenade Mall in 2017, and put together a proposal to reinvigorate the site by restoring its status as a busy hub of pedestrian activity. Promenade Park Towers represents the focal point of this plan. It is an ambitious, large-scale redevelopment of Promenade Mall, which will proceed over multiple phases and include mixed-use facilities with a strong focus on premium residential suites.
A Bold New Vision for Thornhill’s Promenade Mall
The publicly available details regarding Promenade Park Towers proposed redevelopment are currently limited to Phase 1 of the multi-phase project, which were recently submitted to the City of Vaughan for approval. This proposal called for a dramatic reimagining of Promenade Mall, which includes major physical alterations to the site along with bold expansion plans.
While much of the current mall structure will be preserved, updated, and incorporated into the new development, other parts of the property have been earmarked for a total overhaul. These primarily include the site’s massive surface parking lot, which arguably represents its most underutilized asset. These huge swaths of open pavement will be built up, with Phase 1 covering the construction of four new high-rise towers. Three of these towers will be dedicated residential buildings, while the fourth will feature mixed-use elements including office space and a high-end hotel.
The three residential-only towers will ascend to heights of 28, 30, and 35 storeys, while the mixed-use building will include 28 storeys and over 1.5 million square feet of usable floor space. To accommodate these buildings, construction crews will demolish more than 200,000 square feet of the existing mall. However, when Phase 1 is complete, almost 170,000 square feet of brand-new retail space will become available.
Here is what we know so far about the three proposed residential towers:
- They will house a total of 1,066 condominium suites
- The former Sears store will be rebuilt into a six-storey podium base, which two of the three towers will share
- Most of the two-bedroom and three-bedroom units proposed for Phase 1 will occupy these two towers
- The third tower will sit north of the mall’s existing main entrance, and will be primarily comprised of one-bedroom units
The developers have also made it clear that they plan to do much more with the site than just build gleaming high-rises. Major site improvements are also planned, including a beautiful pedestrian gateway, a wide pedestrian promenade with beautiful landscape features, and an open-air amphitheatre. In its proposal, Liberty Developments has prioritized community and connectivity improvements, and envisions the completed project as the central node of a rejuvenated and thriving suburban hub.
Be a Part of Thornhill’s Bright Future
Promenade Park Towers will be centrally situated in Thornhill, a thriving and popular GTA suburb situated between Vaughan and Markham. The project’s future site falls within a region of Thornhill administered by the City of Vaughan, which has long enjoyed a reputation as an upscale, family-friendly suburban community with excellent recreation facilities, parks, libraries, and schools. The area has seen a surge of condominium development activity since the turn of the 21 st century, as growing numbers of Torontonians seek quieter, more affordable alternatives to living in the city’s frenetic downtown core.
Major highways encircle the future Promenade Park Towers site, and motorists will be able to reach the 400, 401, 404, and 407 within minutes. This facilitates easy intercity travel, and downtown Toronto is accessible via the scenic Don Valley Parkway. Currently, transit users can reach Toronto’s subway system via direct bus links, but major public transportation improvements are planned for Thornhill in the coming years:
- A new 8.1-kilometre “rapidway” transit system will serve Centre Street, Bathurst Street, and Highway 7 in Thornhill
- The new rapidway will connect with transit hubs at Richmond Hill Centre (Yonge Street) and the Vaughan Metropolitan Centre TTC subway station on the subway system’s Line 1 (Yonge-University-Spadina)
- Expansion projects on the TTC subway’s Line 1 are poised to add five new stations, including one that will be just two kilometres from the development
These current features, along with these planned near-future improvements, will make Thornhill an even more attractive place to live. This bodes well for the future value of this condominium development.
Led by Trusted Experts with Proven Track Records
Liberty Developments brings tried, tested, and true expertise to this condo project. This Markham-based firm has long enjoyed well-deserved prominence as one of the GTA’s leading real estate development companies. Liberty already has a high-profile footprint in Thornhill, as the firm was the shaping force behind the highly successful Legacy Park development that brought 11 new high-rise towers to a Thornhill site just north of Promenade Park Towers.
WZMH Architects will serve as the lead building designer on the condo project. In addition to its inspired approach to architecture, this award-winning Toronto-based studio counts master site planning, feasibility studies, and site evaluations among its areas of expertise. The firm places a premium value on creativity, inclusivity, and collaborative thinking, making it an ideal partner for an ambitious
proposal of this magnitude.
The combined experience and talents of these two leading, locally based firms puts this development in a very strong position for future success. Toronto real estate insiders project that Promenade Park Towers will become an iconic community, and a major turning point in the GTA’s ongoing modernization and redevelopment. The innovative, community-centred philosophy behind Promenade Park Towers could well
set off a major redevelopment trend that will define Toronto for the 21 st century.
Register Now for Platinum Insider Access
This exciting project is in the early stages of its development, and Promenade Park Towers is not yet open to the public. We invite you to register now for Platinum Insider Access so you can stay on top of all the latest happenings as this next-generation development continues to take shape.
With your no-cost, secure, obligation-free registration, you will instantly become eligible to receive advance updates about this development as further information is released by the developer. In the weeks and months ahead, you will learn more about:
- Floorplan and layout details
- Suite finishes and lifestyle features
- Community amenities and shared facilities
- Parking details
- Price lists
- Deposit structures and suite reservation information
You will also be afforded the opportunity to reserve your suite early, which could save you tens of thousands of dollars on what you might pay on the resale market. Investors and savvy buyers tend to snap up newly built Toronto condominiums early, and given the sheer scale and the enormously influential potential of this project, insiders expect demand to be very high. Registration helps you avoid these risks by allowing you to lock down your unit well in advance.
Don’t miss out! Register now for Platinum Insider Access to this one-of-a-kind Thornhill community.
IMPORTANT: If you are currently working with a REALTOR®, please advise us as this service is not intended to interfere and/or solicit buyers represented by another REALTOR®.