Quote:
Originally Posted by MolsonExport
Maybe. to me it is the worst of the worst, and thus emblematic of retail decay.
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It's more emblematic of skyrocketing real estate values in Toronto. There are dozens of 1970s Honeydale Malls that never really reached their full investment potential but soldiered on nevertheless until the condo market came calling.
Most do get redeveloped quickly like Warden Woods Mall but others like Honeydale linger on slowly closing off section by section until it's completely shut down. Than they sit for years while weeds take over the parking lot to be eventually be torn down only to sit as a vacant lot for years more with the rusting sign post usually left as an ironic reminder. Only now is the former Finch West Mall property being developed as speculative rental apartments after 20 years.
The owner of Honeydale will cash in by sitting on this for the last decade. The proposals have only gotten larger since they first proposed their half dozen, 20 something towers. The shittier the location, the more condo buying investors seem to flock to it. Vaughan Centre and this 🞵🞵🞵🞵🞵🞵 stretch Dundas are selling towers out in days.
It's suburban shithole. Something like this is way worse.
https://www.google.ca/maps/@43.6549287,-...itch%3D0%26thumbfov%3D100!7i13312!8i6656