Yorkdale Shopping Centre Plans For $331 Million Expansion
$331 Million, a large value to improve an already thriving shopping centre. Yorkdale Shopping Centre wants to get even better than it already is. It wants to approve to new generations, audiences, and attract more of a lifestyle shopping experience to their customers.
Yorkdale Shopping Centre has long been a main standing destination for all Canadian shoppers. On April 8th 2013 , the shopping centre announced their 298,000 square foot retail expansion, set to be completed in the Fall of 2016.
With continuous rapid growth, the Yorkdale is on the fast track to become a full-fledged lifestyle destination. The centre not only strives to transcend the average customer experience – by bringing in high-demand retailers, a wide retail mix that offers accessibility to all needs and a welcoming environment – but also offers a playground of inspiration for shoppers to discover and compose their own ‘story’.
This expansion will be made possible by the longstanding partners of Yorkdale – Oxford Properties and AIMCo – and is sure to re-define the status-quo. The project is estimated to cost around $331 million and will mark another major renovation since the shopping centre’s opening in 1964. The refurbishment will include re-vamping existing retailer space, as well as new addition retailers.
“This isn’t a matter of ‘if you build it, they will come’. International brands and enthusiastic shoppers are flocking to Yorkdale and we’re growing to meet market demands,” said Anthony Casalanguida, General Manager, Yorkdale Shopping Centre. “The new expansion makes it possible for us to continue to provide the very best experience for our shoppers by bringing in the most in-demand retailers from around the world.”
These newly announced shops have already caused quite a stir among shoppers and who can blame them with names like All Saints, David Yurman, Salvatore Ferragamo, Massimo Dutti, John Varvatos, Mulberry, White House | Black Market and Zara Home. In addition to these retailers, luxury department store Nordstrom will also be joining the ranks, with a full line 188,000 square foot store. This will mark the first Canadian retail location for majority of these brands and a huge turning point for Yorkdale in terms of brand relationships.
The Bottom Line:
Yorkdale has not only become a catalyst for companies hoping to enter the Canadian retail space but the lifestyle destination is also quickly becoming the premiere choice for local and neighboring shoppers. With such a major addition to an already lively shopping centre, it shows that Yorkdale is really working hard to keep everything fresh and trendy, while opening the doors to upscale brands wanting to give Canada a try to expand their markets.[Image Source]
Where Yorkdale Shopping Centre is Located:
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TWTTR | @YorkdaleStyle
FB | FB.com/Yorkdale
WWW | yorkdale.com