New plaza project coming to St. John’s
700,000 sq ft of retail space to be built
Plaza Retail REIT has finalized the $21.1 million purchase of 100 acres of land in St. John’s destined for a new 700,000 sq ft retail shopping center.
The lands, located within the Galaway master planned community at the corner of Pitts Memorial Highway and Ruth Avenue, will be transformed into “The Shoppes at Galway”.
The project will be built in several phases, with construction of the initial portion of the development anticipated to begin in mid-2016. Phase 1 is expected to consist of approximately 250,000 square feet of retail space.
“The Shoppes at Galway represent a substantial investment by Plaza and promises to significantly alter the retail landscape in St. John’s, one of our preferred retail markets in Atlantic Canada,” said Plaza CEO Michael Zakuta. “Upon completion, this project will be a landmark site for Plaza.”