Woodbine Mall & Fantasy Fair for sale

Malls are a lot like newspapers nowadays, fading fast, looking to sell to others so someone else can take the hit. Woodbine Mall and Fantasy Fair in the Rexdale area of Toronto is no different, you can buy the fifty plus acres that the mall sits on as its economic hurdles threaten to halt the fun amusement rides. Stores that once anchored the mall are gone, or a mere shadow of what they used to be.

Still, the mall is not done, it still soldiers on with a mixed bag of retailers and a movie theatre. Located opposite to the Great Canadian Toronto Casino which itself is under massive redevelopment to feed Torontonians desire to gamble and go to concerts.

Colliers is selling the property and they say, "The offering represents a unique and rare opportunity to acquire a 50+ acre mixed use site in the City of Toronto, abutting the Humber College Major Transit Station Area “MTSA” and located adjacent to the largest casino in Canada, The Great Canadian Toronto Casino, and the Woodbine Racetrack redevelopment encompassing 648 acres of urban mixed-use development that will include 29,000 homes and over 13.5 million square feet of light industrial, laboratory, retail and office areas."

Many malls are being repurposed into mixed use residential areas where many of the buildings are torn down and condos, office buildings and with some room for commercial establishments. Unable to defeat the online dominion of Amazon and others and needing residents to recoup the mega costs of land and development in the city.

The jewel of the mall is of course Fantasy Fair, Ontario's largest indoor amusement park, which opened, along with the mall, in 1985. It features 9 rides and attractions along with a bunch of dinosaurs. I think there were 12 rides but three have closed including the ferris wheel and the drop and hop.

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