QuadReal Property Group and Mattamy Homes have unveiled designs for their Clove multi-family real estate development project in Toronto.

Known as the Clove, the project will mark the launch of QuadReal and Mattamy’s $6-billion Cloverdale Mall redevelopment project in the city’s Etobicoke area.

The Clove is slated to comprise 600 condominiums in a 33-storey tower and adjacent nine-storey mid-rise. Vancouver-based QuadReal and Calgary-headquartered Mattamy plan to start marketing the Clove and preselling condo units this fall.

“This first building is the singular opportunity to get in on the ground-floor as this 32-acre master-planned community takes shape over the next decade,” said Niall Haggart, president of Mattamy’s Greater Toronto Area urban division. “The team has worked hard to design a tower that will serve as a gateway to the rest of the development, while offering a striking presence on Toronto’s west-end skyline.”

The Clove is being designed by Toronto-based architecture firm Giannone Petricone Associates, which also led the design of the Cloverdale redevelopment master plan.

The redeveloped mall site is slated to include revitalized retail, residential and green spaces. The retail spaces will be geared towards long-time and span 180,000 square feet. If also goes according to plan, about 5,000 condo and purpose-built rental units, two public parks, additional green spaces, and new streets and blocks network will also be part of the mix.

“To many, Cloverdale is, and will always be, the heart of central Etobicoke, and QuadReal is committed to a long-term vision that elevates the role it will play in the community for decades to come,” said Aaron Knight, QuadReal’s senior vice-president of development.

QuadReal is the real estate investment arm of the B.C. Investment Management Corporation, which also invests globally and ranks among Canada’s largest institutional investors.

Image: Quarterra