A north-end shopping mall wants to transform part of it’s upper level into a multi-purpose entertainment facility.
The rezoning request from Masonville Place proponents will be debated Monday afternoon by members of the Planning and Environment Committee.
Looking to stay competitive, Cadillac Fairview, which owns Masonville Place, wants to renovate the upper level of the former Target store into a facility similar to Palasad, which offers food, bowling, pool, and arcade games.
Currently, a city by-law only allows shopping malls to dedicate 10 per cent of their floor space to entertainment use, to keep the focus downtown. This request would bring Masonville to 16 per cent.
However, the staff report suggests the rezoning application will likely be approved since it not only highlights how well the downtown is doing, but the challenges currently facing shopping malls.
Thanks to the growing popularity of online shopping and power centres like the one in Hyde Park, staff estimate 15 per cent of malls will fail or be converted into non-retail space within the next decade.
Several groups are also cited in the report as having no objection to the rezoning request, including the Upper Thames River Conservation Authority and London Hydro.
The Planning and Environment Committee meeting gets underway at 4p.m. Monday afternoon.
If the application is endorsed at the committee level, it will still require full Council approval.
(Photo courtesy of Cadillac Fairview)