News
$110 million renovation to transform Markville Shopping Centre into a world-class shopping destination
Markham, ON (June 22, 2011) – The Cadillac Fairview Corporation Limited is pleased to announce a $110 million renovation of Markville Shopping Centre, revealing a bold new vision of a world-class retail environment for one of Canada’s most cosmopolitan markets.
Markville will be redefined by stunning new south-facing restaurants with “al fresco” seating, a new interior dining area with dramatic north and south-facing exterior entrances and a contemporary and sophisticated interior redesign. Interior common areas will be revamped with sleek, architectural details and a central atrium, with a sweeping, curved staircase and sculpted ceilings helping to create a dramatic and thoroughly modern shopping environment.
“We are committed to creating an outstanding shopping and dining experience at Markville,” said Finley McEwen, Senior Vice-President, Development with Cadillac Fairview. “The mix of merchants we have assembled includes some of the world’s best brands and the two new south-facing restaurants will literally turn the shopping centre inside out.”
Highlights of the transformation:
- Over 250,000 square feet of commercial space will be re-merchandised with best-in-class and new-to-market brand-name merchants
- Two new south-facing restaurants featuring outside patio-style seating
- A new casual, stylish dining court with dramatic new exterior entrances and an expanded seating area, a variety of seating options and a new two-storey court with elevator access
- 12,000 linear feet of glass handrails
- 180,000 square feet of new high quality flooring materials chosen to provide a clean, refined look for the common areas
- A dramatic, sweeping feature staircase in centre court
- Restroom facilities in the dining court will include separate family washrooms and a mothers’ room
- New washrooms will be fitted with low flow toilets and “touchless” water, soap and hand dryers
Construction will commence in September 2011. The new dining court is expected to open for Christmas 2012 and the majority of the new merchants will be open for Christmas 2013. The full vision is revealed at www.transformingmarkville.ca; updates on Markville’s transformation will be posted to this site regularly.
Commitment to sustainability
Markville Shopping Centre has been recognized by the Building Owners and Managers Association (BOMA) for achieving environmental excellence. This achievement is part of Cadillac Fairview’s ongoing commitment to sustainability through its GREEN AT WORK™ program. Initiatives implemented in Markville’s existing operations will be carried over into the redeveloped Centre. Last year, Markville was the proud recipient of the Facilities Gold Award presented by the Recycling Council of Ontario, in recognition of the Centre’s landfill diversion rate of 75 per cent.
About Cadillac Fairview:
The Cadillac Fairview Corporation Limited is one of North America’s largest investors, owners and managers of commercial real estate. For over 50 years, Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management.
Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $19 billion and nearly 49 million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 87 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre.
Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 295,000 active and retired teachers in Ontario. For more information please visit us at www.cadillacfairview.com
For more information, please contact:
Tom Poldre
Maverick PR
P: 416-640-5525 x214
E: tomp@maverickpr.com