REAL ESTATE

Square One mall unveils $60-million wing, launches $480-million expansion

BY Katherine Boccaccio

Mississauga, Ontario —Canadian mall Square One has opened its newly renovated and expanded $60-million North side wing, featuring new stores and enhanced amenities and services in 78,000 sq. ft. The opening marks the completion of the second phase in Square One's multi-phase redevelopment, which will increase retail space to 2.1 million sq. ft. by 2016 and represents a total investment of more than $480 million.

The expansion of the west Toronto center includes a 35,000-sq.-ft. Forever 21, the largest in Ontario, as well as a 16,000-sq.-ft. Shoppers Drug Mart Beauty Boutique concept, first-to-market stores such as Brandy Melville and Saje, a new concept Moxie's Grill & Bar, and expanded services and amenities including valet parking.

Square One's new renovation enhances the area's streetscape, with addition of green city space and a water fountain feature. Designed to be pedestrian-friendly, the North side wing offers shoppers enhanced walkability, and its entrance is strategically located just steps away from Mississauga Transitway and Square One GO Station, which services 15 million passengers every year.

"The significant investment in this renovation will elevate the shopper experience for the 24 million visitors we draw every year," said Greg Taylor, general manager, Square One, Oxford Properties Group, which jointly owns Square One with Alberta Investment Management Corp.

Construction continues on the new La Maison Simons and Holt Renfrew stores scheduled to open in spring 2016.

Square One Shopping Centre 
features 360+ retailers including Apple, Michael Kors, Crate & Barrel, Harry Rosen, Zara and Whole Foods Market.

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REAL ESTATE

Eddie Bauer Outlet makes Legends Outlets Kansas City debut

BY Katherine Boccaccio

Kansas City —Eddie Bauer has opened an Eddie Bauer Outlet story at Kansas City’s signature designer outlet shopping center, Legends Outlet Kansas City. The new store opened on Nov. 13.

The only area Eddie Bauer Outlet opened between J. Crew | crewcuts and OshKosh B’Gosh at 1813 Village West Parkway, occupying 3,964 sq. ft.

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REAL ESTATE

Canadian brand Arc’teryx to open fourth U.S. store

BY Katherine Boccaccio

Washington, D.C. —Canadian outdoor brand Arc'teryx will open its first East Coast location, and fourth in the U.S., in CityCenterDC, downtown Washington, D.C.'s new mixed-use development.

"We aspire to expand into North American cities that reflect the active, adventurous and discerning lifestyle that our company encourages," said Adam Ketcheson, VP and senior director of marketing and business-to-consumer at Arc'teryx. "We believe Washington, D.C., residents share that ethos for quality and craftsmanship, while the city is proximate to some of the best outdoor experiences the East Coast has to offer."

Arc'teryx plans to open its 3,100-sq.-ft. store in CityCenterDC on the corner of H and 11 Streets NW on Dec. 13. The neighboring retailers include German fashion label BOSS, Burberry and French handbag maker Longchamp. Hermès, Louis Vuitton and David Yurman have recently signed leases at the development.

Newmark Grubb Knight Frank Retail senior managing director Edward Goldmeier and managing director Matthew Cooper represented the retailer in the transaction.

CityCenterDC is a transit- and pedestrian-oriented urban development in the heart of Washington, D.C. Developed by Hines and Qatari Diar to Gold LEED standard, the 10-acre project begun in 2011 will, upon completion, will feature 295,000 sq. ft. of retail, 674 condos and apartments, 515,000 sq. ft. of office space, 350 hotel rooms and ample public space. It is conveniently located near the area's most visited cultural destinations, two of the city's busiest Metro stations and the convention center.

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