New off-price shopping centres to woo Toronto shoppers.
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| The Outlet Collection at Niagara |
For years Canadian consumers have been going
over the border in droves to partake in that Canadian ritual of “cross-border
shopping.” For Torontonians the targets of many of those excursions have been the
outlet malls in upstate New York and Pennsylvania. Those trips might become
increasingly unnecessary as mall developers are planning two large outlet malls
in close proximity to Toronto.
Toronto Premium Outlet
Though its name might be a bit of a
misnomer (the mall is located in nearby Halton Hills just north of Oakville), this
large mall is currently under construction and slated to open this summer. The
500,000 square foot Toronto Premium Outlets is a co-development between American
mall developer Simon and Calloway REIT.
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| Toronto Premium Outlets |
Positioned as an upscale outlet mall, its
promised 85 outlet stores include Brooks Brothers, Michael Kors, Kate Spade, Polo
Ralph Lauren, Coach, Restoration Hardware, and the first Hudson’s Bay outlet
store. The mall will be constructed in an open air “racetrack” design.
A complete listing of stores can be found
here.
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| Toronto Premium Outlets |
Simon operates 70 outlet malls under the Premium
Outlet banner in the United States, Japan, Korea, and Mexico. Amongst their properties are the popular Woodbury Common (near New York City) and Grove City (near Pittsburgh). A second Canadian
Premium Outlet location is planned for the Montreal area.
The Outlet Collection at Niagara
Located about 1 hour from Toronto down the QEW in Niagara-on-the-Lake, the first phase of The Outlet Collection at Niagara will open in spring 2014 with 520,000 square feet of retail space also in a “racetrack” style design. Construction started last month on the $200 million project which includes a food court pavilion and a space for community events and a farmer’s market.
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| The Outlet Collection at Niagara |
The mall will be anchored by a Bass Pro Shops stores (the third in Canada) and will include almost 100 outlet and company stores from Banana Republic, Brooks Brothers, Calvin Klein, Forever 21, Gap, Michael Kors, and Tommy Hilfiger.
The mall is being developed by Ivanhoe Cambridge and a proposed second phase will add an additional 720,000 square feet of retail space.
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| The Outlet Collection at Niagara |
[Map via Google Maps]
[Toronto Premium Outlets renderings via Toronto Premium Outlets]
[The Outlet Collection at Niagara renderings via Ivanhoe Cambridge]
