Oxford Property‘s Square One Shopping Centre in Mississauga (Ontario) is undergoing an $84million renovation and expansion. According to its website, the mall will complete renovations to its common areas including washrooms, entrances, and a newly expanded food court. The mall will also welcome a 164,000 square foot Target store, replacing the mall’s former Zellers store.
This is a link to a Youtube video of a ‘walk-through’ of the newly renovated mall.
The mall’s food court will expanded and improved with ‘signature table wear’, ‘modern new decor’ and new food retailers according to the description on this website. It will include the name ‘Food Central’. Canadian shopping centres are finding it both beneficial and profitable to include expanded food offerings, which may keep shoppers in malls for longer and even act as anchor attractions in their own right.
Square One is the latest of many newly-announced Canadian mall expansions and renovations. Landlord Oxford Properties recently completed an expansion of its Yorkdale Shopping Centre, which we previously reported. Competing landlord Cadillac Fairview is spending billions to renovate mall properties across Canada to, among other things, welcome the arrival of Nordstrom to Canada.
*** Update*** We’re posting this article after Oxford Properties released this press release. It notes Square One does sales of $775/square foot.
Square One Shopping Centre website: http://www.shopsquareone.com