As with a lot of Toronto, Galleria shopping Centre is on the way out and a huge development called Galleria on the Park is on the way in. Included in the development by Elad and Freed will be Wallace Emerson park and community centre. This is a 12 acre development that will start building later this year. The development is aiming for a 2030 finish date.
When finished there will be nearly 3000 residential units. Over 300,000 sqft of retail space and 21,000 sqft of office space. Over half of the 12 acres will be park space with a new community centre. There will be a new road that will run diagonally from Dupont to Dufferin split the park from the proposed condos. This will give the park the needed access to breath new life into it. All the buildings will be 35 floors and under. All the condo buildings will have a podium ranging from 2 floors to 10 floors. Some of these podiums will have 2 towers ranging from 27 storeys to 35 storeys. There will be 4 building phases for this development with the first Phase starting this year.