Search
 

Ivanhoe, KingSett Start $200M Ottawa Mall Redo

OTTAWA, CANADA-The joint venture is adding 160,000 square feet to the Bayshore Shopping Centre, including the turnover of a former Zellers into one of the new 220 Target stores in Canada.

By Robert Carr | Updated on May 30, 2012

OTTAWA, CANADA-A joint venture of Ivanhoe Cambridge and KingSett Capital is adding about 160,000 square feet to its Bayshore Shopping Centre here as part of a $200 million redevelopment plan. The venture says there’s an incredible demand for retail in the country’s capital.

The 646,850-square-foot mall is 95% occupied, but has typically been fully leased, property general manager Denis Pelletier tells GlobeSt.com. Tenants will be moving around in the property redevelopment, including Target moving into the former Zellers store, one of the 220 new locations for the Minneapolis-based department store chain. Other tenants at the 165-store property include Bath & Body Works, Sports Experts, Banana Republic and Old Navy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.