Upper Canada Mall Plans $60 Million Redevelopment for 2018

Toronto — Oxford Properties Group plans to redevelop and expand the former Target location at Upper Canada Mall in Newmarket, Ontario (Canada). The redevelopment includes the introduction of a one-level, 64,000-square-foot Sport Chek location, a 40,000-square-foot first-to-market Food Market concept, a new two-level feature court space and a 35,000-square-foot vertical expansion. Construction officially commenced in February and the redevelopment is scheduled to open in 2018.

The Food Market will comprise approximately 25 best-in-class market vendors with an assortment of fresh foods and prepared take-away options, including produce, a butcher shop, fish monger, cheese shop, bakery, a juice bar, and a gourmet gift shop. Additionally, the Food Market will be anchored by full-service restaurants.

"Oxford is committed to enhancing the food and beverage offering across our national portfolio," says Brad Jones, senior vice president, retail, Oxford. "The opening of the Food Market at Upper Canada Mall will create a new and elevated shopping experience for our customers, and we know will be a welcome addition to the mall and the community."

Upper Canada Mall is the premier shopping destination in Newmarket, Ontario, located just 30 minutes north of Toronto. Co-owned by Oxford Properties Group and CPP Investment Board (CPPIB) and managed by Oxford Properties Group, Upper Canada Mall is an award-winning shopping center featuring more than 200 stores in 968,000 square feet of retail space, including Zara, Victoria's Secret, Apple, Sephora, and Michael Kors. For more information, visit www.uppercanadamall.com.

Oxford Properties Group is a global platform for real estate investment, development and management, with more than $44 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Oxford has regional offices in Toronto, London and New York. For more information, visit www.oxfordproperties.com

SOURCE: Upper Canada Mall

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