TORONTO, Jan. 25 /CNW/ - Canadians wanted it and now they have it: more
of the world's top brands available to shop right here on home soil,
thanks to an exciting new $220 million expansion that will add more
than 145,000 square feet and 40 new stores to Yorkdale.
Construction will begin this month and is set to be completed by late
2012, with a shopper's dream of flagship stores and a number of 'first
to market' brands. Yorkdale is expanding to inspire and will welcome
retailers from all over the globe to join the existing 225 stores and
services at Canada's premier shopping destination.
"We're expanding thanks to the strength and success of the existing
shopping centre and strong tenant demand for space," says Anthony
Casalanguida, General Manager, Yorkdale Shopping Centre. "Not only are
we bringing an amazing array of new brands to Yorkdale, but this
expansion will also bring employment opportunities to the GTA, both
during the construction phase and once retailers open."
In addition to adding new retail stores, Yorkdale's food court will now
re-locate to the vacant third floor level of the former Eatons store
and will offer double the number of seats and additional new restaurant
options. Including a brand new patio and skylights, the new food court
will also reduce waste by 85 per cent with reusable tableware.
Already certified as a Go Green Plus building through BOMA (Building
Owners and Managers Association) in 2008, Yorkdale Shopping Centre
remains committed to sustainability. This expansion will feature the
same sustainable technologies that are implemented in the existing
facility, including a 65,000 square foot green roof, which will extend
roof lifespan and reduce atmospheric heating. This growth will make
Yorkdale eligible for silver certification in Leadership in Energy and
Environmental Design (LEED).
The expansion also includes more than 800 new underground parking
spaces, as well as a new valet parking area.
As part of its expansion, Yorkdale will be making contributions to
support local neighbourhood revitalization. These contributions will
allow for the design and construction related improvements to public
access at the east end of Yorkdale Shopping Centre centre and Yorkdale
Park including an enhanced landscaping plan. In addition, Yorkdale will
be contributing to the Yorkdale Community Arts Centre.
In 2005, Yorkdale Shopping Centre completed a $110 million dollar
expansion which saw growth in customer traffic and sales volume, making
2005 the most successful year in all of Yorkdale's preceding years.
Since then, Yorkdale Shopping Centre has continued to grow and improve
its capabilities, including the centre's award-winning greening
About Yorkdale Shopping Centre
With more than 225 shops and services including Tiffany & Co., Burberry,
Crate & Barrel, Apple, Holt Renfrew, Hugo Boss and Zara, Yorkdale
Shopping Centre, which is managed by Oxford Properties, is Canada's
premier fashion destination. Yorkdale is owned by Alberta Investment
Management Corporation (AIMCo), on behalf of its clients, and Oxford
Properties Group. Dedicated to sustainability, Yorkdale's 1.45 million
square feet has received more than a dozen prestigious awards and
recognition for creating a balance between sustainable environmental
programs and a unique shopping experience since 2001. In 2007, Yorkdale
was awarded the BOMA Go Green Plus Certification with it dedication to
sustainable design. Yorkdale is located at 3401 Dufferin Street, off
Allen Road, near the 401. Yorkdale is also accessible via TTC, located
on the Spadina subway line. For more information visit www.yorkdale.com.
About Alberta Investment Management Corporation
AIMCo is one of Canada's largest investment management firms, with total
assets under management of $70 billion. It was established on January
1, 2008 with a clear mandate to provide superior long-term investment
results for its clients. AIMCo operates independently from the
Government of Alberta and is responsible for managing the investments
of certain Alberta public sector pension plans, endowments and
government funds, including the Alberta Heritage Savings Trust Fund.
For more information about AIMCo, visit www.aimco.alberta.ca.
About Oxford Properties Group
Oxford Properties Group celebrated its 50th anniversary in 2010 and is
one of North America's largest commercial real estate investment,
development and management firms. Oxford oversees and manages
approximately C$16 billion of real estate for itself and on behalf of
its co-owners and investment partners including headquarter buildings
and development projects such as the Royal Bank Plaza in Toronto, the
West Side Yards in New York, Watermark Place in London and Centennial
Place in Calgary, and major shopping centres including Yorkdale, Square
One and SouthCentre. Oxford's investments include office, retail,
hotel, industrial and multi-family residential properties. Oxford is
the real estate arm of the OMERS Worldwide Group of Companies. For more
information visit www.oxfordproperties.com.
SOURCE Yorkdale Shopping Centre
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