Calgary’s biggest mall might be getting a whole lot bigger. Cadillac Fairview Corporation Limited, owner of Chinook Centre in southwest Calgary, has announced expansion plans that would add one million sq. ft. to the mall’s existing 1.4 million sq. ft.
The news comes just after Nordstrom’s announced they would be moving into the mall in the fall of 2014, marking the American retailer’s first foray into the Canadian market.
“It’s exciting to finally have this opportunity to better serve our Canadian customers closer to home and we can’t wait to open our doors,” said Erik Nordstrom, president of stores for Nordstrom, Inc.
“Cadillac Fairview has been instrumental in helping us get started in Canada, and we’re thrilled to be part of these premier shopping destinations. While we’re fortunate to have many loyal Canadian customers who’ve shopped with us over the years, we recognize we’re new here and that we have to earn our customers’ business. We look forward to what we will learn and are grateful for the chance to better serve our Canadian customers.”
The addition of Nordstrom’s, along with the recently announced Target – set to move into the space vacated by Zellers next May – are expected to boost the mall’s annual sales past $1 billion. In a story in The Calgary Herald, Terry Napper, Chinook Centre’s general manager, said the mall’s rolling 12-month total for retail sales at the end of August was $720 million including all 225 retailers in 1.4 million square feet.
“Chinook Centre has really become one of North America’s most successful shopping centres, and I think that’s a testament to how Calgary’s economy has been growing, in the sense that we’re noticing international and American brands are taking note that Chinook Centre is not only a strong brand but also a strong property,” said Chinook Centre assistant general manager Eve Renaud.
In September 2010, Chinook Centre completed a $277-million, 180,000 sq. ft. expansion, which added 60 retailers to the mall, bringing the total to more than 250.
While the planned expansion of Chinook Centre is still in the early stages, Cadillac Fairview recently announced the first tenant for another more imminent project – the 1.6 million sq. ft. City Centre office tower. Located at 2 Street and 3 Avenue S.W., Phase 1 of the 36-storey Calgary City Centre will add 853,032 sq. ft. of space to the city’s downtown commercial sector.
The first tenant – Calgary-based Inter Pipeline – will occupy 140,000 sq. ft. of the building, which is scheduled for completion by March 2016.
“We are delighted that Inter Pipeline has chosen Calgary City Centre as its base of operations,” said Wayne Barwise, Executive Vice President, Development, Cadillac Fairview. “This reaffirms our belief that Calgary City Centre will become a preeminent address for the energy sector in Western Canada.”
Phase 2 of the project will contain a retail, residential, dining, and hotel facilities and is to be developed at a later date. The project integrates four city blocks with three Plus-15s, which connect Calgary City Centre to Livingston Place, Jamieson, Place, and Devon Tower (formerly Canterra Tower).
Are you excited about the changes coming to Chinook Centre?