Deerfoot Meadows Prepares to Open 2 Anchor Retailers in 2018

Date:

Share post:

Some big news is in store for one of Canada’s largest open-air urban shopping centres.

Deerfoot Meadows in Calgary will be welcoming the first Nordstrom Rack store in the market in the spring and Ethan Allen will also open a new store there around the same time.

Alan Rivait, director, leasing, retail, for Ivanhoé Cambridge which owns the shopping centre, says the opening of these two retailers will be the largest retail event at Deerfoot Meadows since the centre opened in 2005.

“It’s been a very, very stable project which is why what’s happening right now with Nordstrom and Ethan Allen is kind of big news,” says Rivait. “It is the most amount of space that we’ve rolled in sort of any given period. That’s why it’s such a big year for us”.

Deerfoot Meadows (Image: Ivanhoe Cambridge)

“It just gives us an opportunity to rebuild and strengthen our mix.”

Deerfoot Meadows has just over 50 stores in about 321,000 square feet. If you add shadow anchors such as IKEA and Real Canadian Superstore, it’s about one million square feet. IKEA owns its own land but is part of the Deerfoot Meadows site. Superstore is a land lease arrangement. Other retailers nearby such as The Brick and Costco are separately owned.

The shopping centre, which features anchor tenants such as Banana Republic, Best Buy, EQ3, JYSK, Pier 1 Imports and Sport Chek, is located just off the busy Deerfoot Trail major roadway which connects with the Queen Elizabeth II Highway going north to Edmonton and south to the southern part of Alberta. More than 121,000 vehicles on a daily basis pass by the site.

Ivanhoe Cambridge has owned the property since 2008.

“It’s a regional site. Its trade area is the entire city of Calgary. It does not have a typical community power centre draw. It has true regional draw which is why the addition of Nordstrom Rack and Ethan Allen, which will both be the only stores in the market, will again serve to differentiate Deerfoot Meadows from all other power centres in the market,” says Rivait.

Deerfoot Meadows (Image: Ivanhoe Cambridge)

He says Nordstrom Rack will be going into previous Future Shop space. It will occupy about 31,000 square feet and will open on April 26, 2018.

The Ethan Allen store will open around June 2018 in about 8,600 square feet.

Rivait says only one unit remains available for lease at the shopping centre. It’s 4,500 square feet and Deerfoot Meadows has a conditional offer on that space.

Also opening in the spring is a flagship Jerusalem Shawarma location as well as a Sole to Soul Footwear store.

Rivait says Nordstrom Rack will be the first and likely only store in the Calgary market for the foreseeable future.

Deerfoot Meadows (Image: Ivanhoe Cambridge)

“It’s what they’re telling us,” he says. “According to Nordstrom folks,  it will be a while before they look for a second store for the market.”

Nordstrom Rack will be located only a few kilometres away from the regular Nordstrom store in CF Chinook Centre.

“Nordstrom will be the first to tell you that the closer those two stores can be to one another the better . . . This was as close to Chinook as they could get that met their criteria,” says Rivait.

Ivanhoé Cambridge will also be opening a Nordstrom Rack in Vaughan Mills in Toronto on March 22, 2018.

Deerfoot Meadows (Image: Ivanhoe Cambridge)
Deerfoot Meadows (Image: Ivanhoe Cambridge)
Deerfoot Meadows (Image: Ivanhoe Cambridge)
IKEA at Deerfoot Meadows (Image: Ivanhoe Cambridge)
Mario Toneguzzi
Mario Toneguzzi
Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Senior News Editor with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More From The Author

RECENT RETAIL INSIDER VIDEOS

Advertisment

Subscribe to the Newsletter

Subscribe

* indicates required

Related articles

Iconic Flo’s Diner in Toronto’s Yorkville Forced to Close After 33 Years Amid Landlord Dispute 

Retail Insider interviewed Flo’s co-owner who discusses the “heart wrenching” situation where he is being forced to close his business that began on Bellair Street in 1991.

Anatomy of a Leader: Teresa Spinelli, Owner of Alberta-Based Italian Centre Shop Ltd.

Spinelli discusses her leadership of the popular retailer which has expanded over the years, describing how she struggled to run the company at first and grew to love it.

Upscale Canadian Fashion Brand SMYTHE Expands with New Standalone Calgary Store [Interview/Photos]

It's the second store location for the Toronto-based brand, which is seeing success with its exclusive womenswear collections.

Toronto’s CF Sherway Gardens Hits Sales Milestone with Exciting Retail Growth and Future Plans [Interview]

The shopping centre is adding new retailers as sales per square foot hit an all-time high, with plans to re-tenant Nordstorm as foot traffic grows following Eataly's opening in the mall a few months ago.

ECS Coffee Opens Canada’s Largest Coffee and Espresso Equipment Gear Showroom and Retail Space in Toronto [Interview]

The new Etobicoke location is unique to Canada if not North America, according to its founder, with coffee roasting, equipment showroom, over 500 varieties of coffee, Youtube studio and various in-store experiences. He has plans to expand the concept nationally.

New Loblaws City Market Opens in Vancouver’s ‘The Post’ Building, Adding Grocery Competition to the Downtown Core [Podcast]

Craig and Lee discuss the opening of a new Loblaws City Market in downtown Vancouver's renovated Post building, and they explore its potential impact on local grocery shopping.

Loblaw Announces $2 Billion Investment in Canada for 2024 with Dozens of New Stores and 7,500 New Jobs [Expert Comment]

The retail behemoth will be growing substantially this year, following backlash over profits as inflation continues to impact Canadians.

Dubai-Based Asian Street Food Concept ‘Wok Boyz’ Expands into Canada with Plans for Multiple Locations [Interview]

The company's founder says the popular concept, with personalized meals, has an opportunity to grow substantially with its high-quality ingredients and theatrical flare, complete with fiery customer-facing woks.

Calgary Surge Basketball Team Launches Innovative Pop-Up at CF Chinook Centre to Boost Community Engagement [Interview]

The retail activation, which opened this month, is resulting in heavier foot traffic in a quieter part of the mall.

Upscale Pusateri’s Fine Foods to Close Yorkville Grocery Store in Toronto After 20 Years

The 5,500 square foot store opened to much fanfare in 2003, with valet parking, private chefs and pricey goods. 

Loblaw and Walmart Could be Forced to Adhere to Grocery Code of Conduct with Legislation [Op-Ed]

Sylvain Charlebois says that it's rare for all of Canada's political parties to agree, signalling a shift that could force grocers to comply amid record inflation.

Factory Direct to Shut All 14 Stores Amid Bankruptcy, Liquidation to Begin Saturday

The company, founded in 1995, is one of Canada’s largest privately owned discount retailers which struggled with declining sales and increasing costs following the pandemic.