Vaughan Mills to undergo $87-M expansion and redevelopment

The Vaughan Mills shopping centre will be receiving an $87-million upgrade courtesy of Ivanhoé Cambridge.

The Montreal-based property owner, manager, developer and real estate investor announced that announced its shopping centre in Vaughan, Ont. will feature 250 stores, 19 major tenants and 1.1-million sq. ft. of retail space when the expansion is complete.

The 150,000-sq.-ft. expansion project includes: 50 new retail concepts; three new major tenants, including the $12-million LEGOLAND Toronto Discovery Centre; a newly-designed entertainment court; renovations to the common areas and food court; a new entrance and 450 new parking stalls.

Construction is scheduled to begin in the spring of 2013.

Vaughn Mills was originally built by Ivanhoé Cambridge in 2004. More than 13.5 million people visit Vaughan Mills on an annual basis.

Source: Ivanhoé Cambridge.