New retail mix strengthens Hillcrest's position as a regional destination
TORONTO, July 16, 2018 /CNW/ - Hillcrest is thrilled to welcome West Coast Kids, Honey, Swarovski, Indigo and Old Navy to its growing lifestyle retail mix. West Coast Kids is now open and completes Hillcrest's South Wing anchored by Sporting Life, H&M, Pandora and Starbucks. West Coast Kids is a Canadian cult brand offering coveted items for kids from newborn to teen.
The centre welcomes Honey and Swarovski this summer. HomeSense/Marshalls, Indigo and Old Navy are set to open inside Hillcrest's much anticipated North Wing. The new wing is a reconfiguration of the old Target space and will open this fall. Its entrance will mirror the South Wing in its design.
Hillcrest's over $90 million renovation is in its final phases, including an interior refresh incorporating new flooring, lighting, ceiling treatments and an upgraded food court. Washroom renovations were completed last November.
"West Coast Kids' opening marks the first of several exciting announcements for Hillcrest in 2018, including Honey, Swarovski, HomeSense/Marshalls, Indigo and Old Navy. Hillcrest's transformation is solidifying its place as a top destination for all things relating to a family-oriented lifestyle integrating adventure, technology, and other everyday indulgences," says Hillcrest general manager Ryan Da Silva. "Spring saw Hillcrest welcome back its rooftop hives. Hillcrest's bees are now flying around pollinating flower, fruit and vegetable gardens within a 5-kilometer radius. The Richmond Hill community is truly at the core of everything we do at Hillcrest. You'll see this theme continue into the fall."
Recent data shows Hillcrest's trade area is expanding with new shoppers visiting from Markham, Woodbridge, Kleinburg and North York. With multiple retailers arriving at Hillcrest, the centre expects this trade area will continue expanding into 2019.
Over the past three years Hillcrest has introduced over 20 additional retailers, creating its now stellar roster. Interest from new retail brands is increasing due to its coveted trade area. Within Hillcrest's primary trade area, 47 per cent of household incomes are higher than $100,000 per year, boasting a fashion expenditure of $389 million. The population is growing, with 6,500 new condo and townhouse units under construction, ranging in price from $300,000 to $1.5 million. Hillcrest's sales are already up 8 per cent on a 12-month rolling basis, indicating Hillcrest is grabbing attention with its showstopper upgrades and top-tier retail.
For the latest happenings at Hillcrest, follow @Shop_Hillcrest on Twitter and Instagram and like @HillcrestMallRichmondHill on Facebook. Share with #HelloHillcrest.
With over 110 stores and services, Hillcrest is a regional shopping destination offering a collection of lifestyle brands in an easy-to-navigate, boutique-size centre with a strong commitment to guest experience. West Coast Kids has officially opened inside Hillcrest's South Wing anchored by Sporting Life, H&M, Pandora and Starbucks. This fall will see Hillcrest reveal its $90-million-plus interior renovation and open its North Wing, welcoming Marshalls/HomeSense, Indigo and Old Navy to the former Target space. Its Hudson's Bay is pleased to offer a dynamic housewares section as well as top-tier brands like Sam Edelman, MAC and Lord & Taylor. The centre is BOMA BEST® Gold Certified and is committed to sustainability and green initiatives. It is the first shopping centre in Canada to house beehives on its roof. Located at 9350 Yonge Street, Hillcrest is managed with pride by Oxford Properties and co-owned by Montez Holdings Inc. For more information, visit HillcrestMall.ca and follow #HelloHillcrest.
ABOUT OXFORD PROPERTIES
Oxford Properties Group is a global platform for real estate investment, development and management, with over 2,000 employees and approximately $42 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes approximately 50 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of the OMERS Worldwide Group of Companies. For more information about Oxford, visit: www.oxfordproperties.com.
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