Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/62026
CANADA'S LARGEST METROPOLIS GETS A NEW DOWNTOWN DOWNTOWN MARKHAM, The Place to Be. LOCATION: Greater Toronto Area, Ontario Canada DEVELOPER: The Remington Group TYPE: Mixed-use Retail, Residential, and Commercial T SIZE: Approximately 243-acres STATUS: Opened in 2006, First phase of Retail Fall 2013 LEASING CONTACT: 905-948-9900 www.downtownmarkham.ca he first retail phase of DOWNTOWN MARKHAM broke ground last fall with Cineplex Entertainment's 62,000-square foot, multi-screen, destination theater experience. World renowned Marriott Hotels along with numerous restaurants and shops will follow, to round out DOWNTOWN MARKHAM's Phase 1retail complex. Phase 1 will be an important first step towards the build out of the total estimated 2 million+ square feet of retail, dining and entertainment. Located at the heart of the Greater Toronto Area in Markham, Ontario, Canada's High Tech Capital, DOWNTOWN MARKHAM's mixed-use development is The Place to Be for growth (1.7% annual growth), with average household incomes in excess of $114,000, and current retail square footage per person the lowest of all the major areas in the Greater Toronto Area. The immediate neighborhood is already thriving with more than 1,500 families and an expected 50,000 new residents in the next ten years. The development's projected 3.4 million square feet of premier office space is already home to the Canadian headquarters for Motorola and Honeywell. A 7.5M radius boasts an impressive 500K+ daytime employment and 1 million+ daytime population, making DOWNTOWN MARKHAM an established yet underserved area. With DOWNTOWN MARKHAM's focus on strong casual and fine-dining experiences, unique and compelling entertainment options, its trendy shops and high-fashion boutiques along with its sense of community will draw this population and hold its attention. DOWNTOWN MARKHAM is ideally located between Highways 7 and 407 and well serviced by both private automobile and public transit such as GO, Viva, and York Region Transit. The 243-acre DOWNTOWN MARKHAM development is the largest mixed-use, LEED-registered plan in North America. DOWNTOWN MARKHAM brings together entertainment, hotels, shopping, dining, offices and residential uses to create a sustainable, pedestrian friendly community. The shopping at DOWNTOWN MARKHAM includes parking both underground and immediately adjacent to retail entrances. Gently integrated art and cultural experiences, combined with adjacent entertainment, parks, and significant natural areas, set DOWNTOWN MARKHAM apart from other retail venues, creating a new urban center. Developed by The Remington Group, DOWNTOWN MARKHAM is a natural next step for retailers looking to grow their business in the thriving GTA corridor.