Five new retailers opening in Etobicoke’s Sherway Gardens
shopping mall signal the early stages of the mall’s multi-phased, $550 million expansion.
“Preppy-bohemian luxe” US designer Tory Burch is first out of the gate. Cosmetics maker LUSH, shoe designer Vince Camuto, jewelry and watch retailer Thomas Sabo and Canadian fashion label Rudsak are also making their Etobicoke debuts over the next few weeks. Some of the stores will be located in the existing property while others will be in the most completed parts of the redevelopment.
“At Sherway Gardens we are writing the next chapter in retail and we are delighted to share our growing space with some of today's most influential brands,” stated Andy Traynor, the mall’s general manager.
Sherway’s north expansion, set to open this September, will feature a new flagship Harry Rosen, a relocated Sporting Life and a new food court. Saks Fifth Avenue and Nordstrom will open stores there 2016 and 2017. The reboot will add an additional 210,000 square feet of retail space to the centre, bringing the total size to 1.3 million square feet.
But it’s not just Sherway that’s getting ritzier. As serious shoppers know, four of the GTA’s best known malls are currently in some sort of flux.
Sister Cadillac Fairview property, Toronto Eaton Centre,
is also getting a Saks Fifth Avenue this fall and a Nordstrom store in the fall of 2016. Saks will bunk with Hudson’s Bay in the historic Queen and Yonge building, which is currently being renovated to make room. Nordstrom will share the old Sears space at the north end of the mall (formerly Eaton’s, if you’re keeping track) with other smaller retailers.
Another Nordstrom location will open at Yorkdale Shopping Centre,
owned by Oxford Properties and Alberta Investment Management Corporation, as part of that mall’s $331 million expansion, which started in January 2014 and is expected to be completed in the fall of 2016. About 25 smaller stores are also part of the expansion.
Not to be outdone, Mississauga’s Square One,
owned by Oxford Properties, is expanding to the south, with 113,000 square feet devoted to the first Simons in Ontario and another 120,000 square feet for a flagship Holt Renfrew. That expansion, expected to be complete in the spring of 2016, will cost $237 million.
Writer: Paul Gallant
Source: The Cadillac Fairview Corporation Limited, Vanessa Jenkins