SQUARE ONE ANNOUNCES WEST EXPANSION PLANS AND ARRIVAL OF THE FOOD DISTRICT
BEST-IN-CLASS FOOD CONCEPT ARRIVES, COMBINING COMMUNITY, DISCOVERY, AND DESTINATION SHOPPING
13 June 2018 (Toronto) – Among the top shopping destinations in North America, Square One announces the West Expansion development. With construction well underway, the West Expansion will open in November 2018, beginning with the arrival of global casual apparel retailer UNIQLO and other soon-to-be announced major retailers. In addition, Square One will be home to The Rec Room, the country’s newest hot spot for “Eats and Entertainment,” which brings together incredible dining experiences with exciting live entertainment and amusement gaming experiences, all under one roof.
An elevated experience for foodie tourists and locals alike, The Food District, opening in spring 2019, will be a new and tantalizing destination. The addition of both The Rec Room and The Food District is in response to the growing interest in today’s food culture, with a focus on offering local, handmade, and high-quality foods in a setting that embraces both new- and old-world food emporiums. Stretching over 40,000 square feet, The Food District will offer an outstanding array of specialty products as well as a space to meet, explore and share the love of food through tastings, cooking classes, dinner parties, book signings, and other special events.
“In the coming months, we will reveal more details surrounding the West Expansion,” says Square One director and general manager Greg Taylor, “Square One continues to be a premier location for world-class retailers and for the discerning consumer. The Food District will provide an inspired, fulfilling, and unforgettable experience for food lovers and adventurers in a setting that encourages discovery, community, and culinary indulgence.”
Over the past year, Square One has introduced over 40 highly coveted new retailers to its stellar roster of brands, and this unprecedented growth is set to continue. Having topped $1 billion in sales, Square One continues to be a powerful innovator in Canada’s luxury, retail, and entertainment landscape. One of the most productive shopping centres in North America, Square One boasts a sales per square foot of $1,082 and growing. The 2.2 million square foot retail destination’s $580 million redevelopment is one of the most ambitious projects of its kind in North America and has Square One positioned to be the cornerstone of a connected and thriving city centre—one that inspires the community, maximizes business and living opportunities, and drives the overall growth and development in Mississauga’s downtown core.
ABOUT SQUARE ONE SHOPPING CENTRE
Proudly managed by Oxford Properties, Square One is distinctively positioned as Canada’s foremost fashion, lifestyle and entertainment destination with over 320 merchants including Holt Renfrew, Tiffany, Reds, Babaton, Simons, Apple, COS, Tory Burch, Crate and Barrel, and Links of London. Square One is owned by Alberta Investment Management Corporation (AIMCo) on behalf of its clients and Oxford Properties Group. Recognized for its dedication to present innovative, fashion-forward experiences, unexpected campaigns and social media collaborations. Square One is one of Canada’s Top Ten most productive shopping centres, and in 2017, became only the second shopping centre in Canada to achieve $1 billion in annual retail sales.
ABOUT OXFORD PROPERTIES GROUP
Oxford Properties Group is one of the world's premier real estate investment, development and management companies. Established in 1960, Oxford manages over $40 billion of real estate assets on behalf of its co-owners and investment partners, with a global portfolio spanning over 60 million square feet. We have offices across Canada and in London, Luxembourg, Boston, Washington DC, and New York, with regional investment, development and management professionals who have deep real estate expertise and local market insight. Oxford is the global real estate arm of OMERS, the pension plan for Ontario’s municipal employees. For more information about our hands-on approach to real estate, visit oxfordproperties.com.
ABOUT ALBERTA INVESTMENT MANAGEMENT CORPORATION
(AIMCo) AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than CAD 103 billion of assets under management, as at December 31, 2017. AIMCo was established on January 1, 2008 with a mandate to provide superior long- term investment results for its clients. AIMCo operates at arms-length from the Government of Alberta and invests globally on behalf of 32 pension, endowment and government funds in the Province of Alberta. For more information please visit aimco.alberta.ca. AIMCo’s $13.6 billion of net equity invested in real estate includes Core strategy assets, comprising long term, direct investments in quality office, retail, industrial and multi-unit residential properties located in Canada’s major cities, and Foreign Program assets, comprising opportunistic investments targeted to quality real estate assets, in markets with long term growth characteristics, and supported by strong local management teams.