You've known it as the Nabisco Factory located along the waterfront in Etobicoke.

Now, the plant that makes the Gardiner smell so good, is closing its doors.

Mondelez Canada is closing the plant down putting 550 people out of work.

The company says they'll close in the third quarter of 2013, which is about a year from now.

Mondelez was split off from Kraft and took care of their snack lines like Cadbury, Oreo Cookies and Nabisco.

Spokesperson Stephanie Cass says the encroaching residential units, along with aging infrastructure and underutilized manufacturing all led to the decision to close.

Some of the jobs could be moved to the other plant in East York, but Cass couldn't say how many.

The plant is located at Parklawn and Lakeshore.

In reaction to news of the closing, Toronto City Councillor Peter Milczyn said he was "shocked and saddened by the absolutely devastating announcement."

Millczyn says "The city is now going to have to fight to protect the site of the plant from any potential massive redevelopment proposal interested in introducing significant residential intensification".

In clearer words, fighting a proposal that includes a massive condo project.