Oxford Properties has revealed a partial list of the retail tenants that it has secured for the next expansion of Toronto’s Yorkdale Shopping Centre, in a new wing that will be anchored by a 196,000 square foot Nordstrom store. The mall is Canada’s top selling with $1.2 billion in annual sales, with Canada’s highest mall productivity of $1,610/square foot annually.
The 300,000 square foot, $331 million expansion wing is scheduled to open on October 18 of this year, and it will be located on the mall’s east side. Oxford Properties confirms that the following stores will open in the new expansion wing:
–Mackage (second location, first outside of Quebec)
–Muji (3rd GTA/Canada location)
–Uniqlo (24,000 square feet)
More retailers will be announced this spring as details become available — about 30 retailers will eventually open in the new 112,000 square foot (excluding anchor) Nordstrom wing.
“This expansion will signal a new era in the evolution of the Canadian retail landscape,” said Claire Santamaria, Yorkdale Shopping Centre’s General Manager. “We have been strategically expanding to meet shopper demand for a retail environment unlike any other in Canada. This investment is designed to cater to that demand and attract new shoppers seeking exceptional choice and diverse retailers.”
Yorkdale’s last major expansion was in 2012, when the centre saw a $220 million southwest expansion that included new locations for Tesla Motors, Microsoft Store, Club Monaco, John Varvatos, Apple Store, Anthropologie and AllSaints. That wing is anchored by Holt Renfrew, which grew to 120,000 square feet from 65,000 square feet as part of that mall expansion.
Nordstrom’s Yorkdale store is scheduled to open on Friday, October 21, with a charity gala to be held two days prior. Yorkdale will be Nordstrom’s second Toronto store, following the opening of its highly anticipated 220,000 square foot CF Toronto Eaton Centre flagship on September 16 of this year.
Yorkdale’s Nordstrom wing expansion isn’t the last for the centre, however. Preparations are already underway for a westward expansion towards Dufferin Street, which will see the addition of a 69,000 square foot RH (aka Restoration Hardware) store as well as smaller retail units.
Yorkdale has become decidedly upscale, particularly in the mall’s new ‘luxury wing’ near Holt Renfrew. Yorkdale was Canada’s first suburban shopping centre to feature a significant luxury retail component, housing free-standing locations for brands such as Cartier, Bulgari, Mulberry, Jimmy Choo, Moncler, David Yurman, Montblanc, Versace, Salvatore Ferragamo, Hugo Boss, and others. Last spring, French luxury brand Longchamp opened a new store across from Holt’s and in the fall of 2015, luxury timepiece brand Jaeger-LeCoultre opened one of two Canadian locations at Yorkdale. Holt Renfrew, itself, features mall-facing concessions for luxury brands Chanel, Prada, Gucci and Louis Vuitton, as well as internally-accessed concessions for Dior, Giorgio Armani and others.