$86-millon expansion and redevelopment of Galeries d'Anjou to include new ...
Expansion and redevelopment — including a new, two-level 100,000-square-foot Simons department store and an extensively renovated Bay store. Already embraced by over 8 million shoppers per year, the revitalization of the centre will drive increased traffic and further secure Galeries d'Anjou's position as the shopping destination for East-end and surrounding region.The arrival of a Target store to replace the current Zellers outlet, along with a total makeover of common areas and a new food court, will complete the renaissance of Galeries d'Anjou.
The work will be undertaken in phases, beginning in the Fall of 2011 with the relocation of the food court to an area near the soon-to-be Target store. That relocation, along with the reconfiguration of certain other commercial retail units, will make room for several best-in-class retailers that currently cannot be accommodated by the centre due to a lack of space.
The Target store is scheduled to open in Spring 2013 and the Simons department store, which will include 160 underground parking spaces, in the fall of 2013. When the project is complete, the expanded Galeries d'Anjou — strategically located at the intersection of Highways 40 and 25 — will have a gross leasable area of 1.14 million square feet.
"This very sizeable investment in Galeries d'Anjou demonstrates our confidence in the future growth and economic well-being of Portfolio, for Cadillac Fairview, co-owner and manager of the centre. Blouin noted that detailed market studies have confirmed that an expanded centre with a new Simons store will improve shopper demographics and significantly increase customer traffic.
"This expansion is very much in line with Ivanhoe Cambridge's strategic plan, which calls for the continual improvement of the portfolio by redeveloping our properties," said Jean Laramée, Senior Vice President, Eastern Region - Canada. "As an equity partner in Galeries d'Anjou, we are proud to be associated with a project that will benefit our retail tenants — existing and new — while giving , President and CEO, The Bay. "The updated store with its modern selection will create a whole new department store experience at Galeries d'Anjou."
"Sears is proud to have been part of Galeries d'Anjou for 35 years and the new exterior facing we are completing this year will be a perfect fit with the mall's redevelopment," said Calvin McDonald, President and CEO, Sears Fashion Centres''. With over 925 stores, the Fashion Centres form a powerful network within the retail industry. .
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"Sears is proud to have been part of Galeries d'Anjou for 35 years and the new exterior facing we are completing this year will be a perfect fit with the mall's redevelopment," said Calvin McDonald, President and CEO, Sears Canada Inc. "We have made
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