On-Site Magazine

Vaughan Mills to undergo $87-M expansion and redevelopment

January 16, 2013   By On-Site staff

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.

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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.


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