YORKDALE SHOPPING CENTRE ANNOUNCES $331 MILLION EXPANSION
Fall 2016 retail addition will add nearly 300,000 square feet to Canada’s premier shopping destination
Yorkdale Shopping Centre, one of Canada’s leading shopping destinations, today announced a new 298,000 square foot retail expansion that will be complete in the Fall of 2016. Construction of Yorkdale’s new retail expansion will begin in January 2014.
Yorkdale has a track-record for being the entry point for international retailers entering the Canadian market. The new expansion will be anchored by a 188,000 square foot Nordstrom store. It will also house a diverse range of other retailers that will be announced closer to the expansion’s completions.
“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.”
“We continue to be impressed by how Oxford and AIMCo are taking steps to make an already great centre even better. We feel fortunate to be part of this expansion at such a strong location, and look forward to the chance to compete for our customers’ business when we open at Yorkdale,” said Karen McKibbin, President of Nordstrom Canada.
This expansion comes hot on the heels of a $220 million and 145,000 square foot development that opened to the public in November 2012 and featured five first-to-Canada brands. Yorkdale is adding six additional new-to-Canada brands in 2013 including AllSaints, David Yurman, John Varvatos, Mulberry, White House|Black Market and Zara Home.
Owned by Oxford Properties Group and AIMCo, Yorkdale Shopping Centre has undergone four major renovations since opening in 1964. Yorkdale Shopping Centre completed a $110 million dollar expansion in 2005. Since then, the shopping centre has continued to improve its facilities and today serves as the unrivalled gateway for international retailers entering the Canadian market.