Ivanhoé Cambridge Announces Significant Quebec City Mall Investment

Retail industry news delivered directly to you. Subscribe to Retail-Insider.

Ivanhoé Cambridge has announced that it is investing $60 million in its Laurier Quebec shopping centre in Quebec City. It’s the second phase of the mall’s modernization, following the 2015 expansion and renovation of the mall’s food court at a cost of $18 million. Since 2010, more than $400 million has been invested in the centre.  

The newly announced investment will see a complete revitalization of Laurier Québec’s common areas — productivity is the goal, and the food court renovation saw sales in the space increase by more than 14%, according to Ivanhoé Cambridge. The mall is considered to be one of the most significant in Quebec, and is also one of the Province’s most productive, according to Retail Council of Canada’s Shopping Centre Study

“Laurier Québec holds a dominant position in the region and we are very pleased to invest in its modernization,” said Claude Sirois, President, Retail, Ivanhoé Cambridge. “This initiative is part of Ivanhoé Cambridge’s strategy of investing in its shopping centres to maintain and strengthen their competitive positioning in their respective markets. This investment is all the more significant in one of Quebec City’s most competitive hubs: Laurier Boulevard.”

Part of the renovation will include enhancements to the centre’s parking garage, which will see brighter lighting as well as the installation of a parking management system similar to the one already in operation at neighbouring Place Ste-Foy (also owned by Ivanhoé Cambridge). Each parking space will be equipped with a digital sensor to inform drivers of available and occupied places.

Plans are in place to eventually connect Place Ste-Foy to Laurier Quebec via a pedestrian connection. Place Ste-Foy, which is anchored by La Maison Simons’ flagship, saw a significant renovation that also began in 2015 and included upgraded common areas, as well as repurposing of its former Les Ailes de la Mode retail space for new tenants. 

Since 2010, more than $400 million has been invested in the two centres.  

(Renderings above were all provided courtesy of Ivanhoé Cambridge) 

Laurier Quebec spans more than a million square feet in size, and is one of the region’s busiest malls with more than 11 million annual visitors. The mall houses more than 260 retailers and is anchored by Hudson’s Bay, Walmart and several smaller anchors. The mall’s Sears store recently closed, and is expected to be part of a future ‘phase 3’ redevelopment — something we’ll no doubt be seeing in many Canadian malls as landlords seek to repurpose former Sears spaces. 

Article Author

Craig Patterson
Craig Patterson
Located in Toronto, Craig is the Publisher & CEO of Retail Insider Media Ltd. He is also a retail analyst and consultant, Advisor at the University of Alberta School Centre for Cities and Communities in Edmonton, former lawyer and a public speaker. He has studied the Canadian retail landscape for over 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees.

More From The Author

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

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

Factory Direct to Shut All 14 Stores Amid Bankruptcy, Liquidation to...

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.

RECENT RETAIL INSIDER VIDEOS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest Stories

No posts to display

Follow us

4,265FansLike
6,734FollowersFollow
10,754FollowersFollow

all-time Popular