(Quebec) The owners of Galeries de la Capitale shop. Several new players will add to the family during the next year. And other modernized, like The Bay Hudson, which will invest $ 35 million in its branch Lebourgneuf.
Guess (opening October 1) Jewellery Monaco, Sephora (Spring 2017), Starbucks Reserve, Browns Shoes (mid-August) will be among the newcomers. For ZARA, Michael Kors and Victoria’s Secret, talks are continuing.
Reached by Le Soleil, the vice president of the trade component in Oxford, co-owner of the mall, was pleased of recent acquisitions and promises that further announcements will follow in 2016.
“We have not yet thrown in the towel for Victoria’s Secret. We are still in discussion with them, “said on the phone Michel Brouillard. “We hope the agreement can be finalized by the end of the year. There are plenty of nice things coming up, “he continues.
Housed on the first floor of the Starbucks Galeries de la Capitale will be “one of the biggest in the region.” “The Starbucks Reserve is a little more high-end model. The restaurant of 1,700 square feet is different. There is a little bit sampling at food. We are very happy, “says Brouillard.
In 2015, The Sun revealed that the Hudson Bay would review its shopping facilities. The works, which are initiated in recent months, were initially valued at $ 23 million. The company, however, decided to fold even more greenbacks.
“This is $ 35 million they will invest,” notes VP “They will rebuild the store full [163,000 square feet]. They started first with pyrite. They have a new concept, “he adds.
A new Mega Park in 2017?
For the Mega Park, Oxford, which is the real estate arm of the pension fund for municipal employees in Ontario (OMERS), hopes to be able to start work for 2017. For now, the owners are not, however, not ready to disclose plans.
“This is a big project for us. We are still working on the sketches. We want to ensure we do the right things, “says Brouillard, about the project of tens of millions of dollars.
Since 2015, the real estate fund has invested more than $ 110 million to modernize the facility. The first phase of work was used to type, among others, the mall’s food court. Since January, the second phase of work is to put the common areas to date. It includes the redevelopment of floors and ceilings in the first and second floor, new lighting, new paint and more modern furniture.
“We have one of the best food courts of shopping centers in Canada in terms of traffic and sales. Studies show that we are in the top 5 in the country, “says Mr. Brouillard. “People like our concept, especially with real dishes.”
In February, the Simons chain and Oxford Properties Group also announced a joint investment of $ 50 million to redevelop the space of the former Target. Simons expects it develop its new premises by 2018.
Ultimately, this is a $ 250 million investment that includes the Canada Pension Plan Investment Board and the Oxford group Galeries de la Capitale in the coming years.
Oxford should appoint in the coming weeks the successor to the CEO, Serge Rossignol, who resigned in March.