Toronto’s Yorkdale Shopping Center Undergoing $28 Million Luxury Expansion
1 min read
In August 2023, Oxford Properties Group (“Oxford”), the leading global real estate investor, asset manager, developer, and property manager for Yorkdale Shopping Centre in Toronto, ON, announced a $28 million redevelopment of Yorkdale Shopping Centre.
The process began with the relocation of approximately 100,000 square feet of the mall’s existing tenants from the central corridor to make room for over 900 feet of construction.
This new transformation will allow a cluster of highly sought-after luxury brands to be together along one central court. The process began in July 2023, moving non-luxury tenants to other parts of the mall.
Currently, 13% of Yorkdale’s tenant space is dedicated to luxury retailers. It is estimated that it will total as high as 18-20% after the expansion. The estimated completion is expected in 2025.
References
Oxford Properties Group. (2023, August 14). News. Oxford Properties invests $28 million in Yorkdale Shopping Centre to reinforce global retail leadership. https://www.oxfordproperties.com/news/oxford-properties-invests-28-million-in-yorkdale-shopping-centre-to-reinforce-global-retail-leadership
Patterson, C. (2023, August 14). Yorkdale launches unprecedented 100,000 square foot luxury retail expansion in Toronto [feature/photos]. Retail Insider. https://retail-insider.com/retail-insider/2023/08/yorkdale-launches-unprecedented-100000-square-foot-luxury-retail-expansion-in-toronto-feature-photos/
Retail Insider. (2023, August 21). Unprecedented luxury retail expansion: Yorkdale’s transformation with high-end brands [podcast]. Retail Insider. https://retail-insider.com/podcast/2023/08/unprecedented-luxury-retail-expansion-yorkdales-transformation-with-high-end-brands-podcast/
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