The CORE Announces Redevelopment



    CALGARY, Aug. 21 /CNW/ - TD Square, Calgary Eaton Centre and the former
Sears building; the CORE, Calgary's premiere downtown shopping destination
today announced its redevelopment plans. Work has begun and is expected to be
completed in the fall of 2010. The design is intended to create an urban
streetscape enclosed by an expansive skylight linking three city blocks, in
the heart of the city central business district. Chris Brown of MMC
International Architects said "this development will host the largest point
supported structural glass skylight in the world with a glass surface area
roughly equivalent to a football field."
    Highlights of the project include the addition of world-class retailers,
integration of the 2.5 acre Devonian Gardens downtown urban park, which will
be closing for renovations shortly, and expanded, next generation food
facilities including seating for 900 patrons. The highly anticipated opening
of the luxury retailer Holt Renfrew's flagship store is confirmed for August
2009.
    "I am delighted to extend my support to the CORE as they contribute to
the changing face of downtown. This development is perfectly aligned with
Calgary's Centre City Plan, the Economic Development Strategy and the vision
of a livable, thriving and caring community" said Bruce Graham, President and
CEO of Calgary Economic Development.
    During renovation, the CORE will continue to provide a unique and
personalized shopping experience. In addition, the CORE's website
"coreshopping.ca" will feature construction updates to keep the public
informed on project progress, current changes, and required transportation
updates.
    The ownership group for the development includes SITQ, a subsidiary of
Caisse de dépôt et placement du Québec, and Alberta Investment Management
Corporation. 20 VIC Management Inc. is responsible for the redevelopment,
leasing and management of the project.





For further information:

For further information: Lisa Stone, Assistant Account Executive, Weber
Shandwick Worldwide, Phone: (403) 294-9592 ext. 5, Email:
lstone@webershandwick.com; Anne Stone Johnson, Account Director, Weber
Shandwick Worldwide, Ph: (403) 294-9592 ext. 3, Email:
asjohnson@webershandwick.com

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THE CORE

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