Masonville Place to See Substantial Overhaul

Cadillac Fairview, landlord of CF Masonville Place shopping centre in London, Ontario, has announced that it will invest $77 million into various mall improvements. The centre will see enhanced interiors, several new retailers, and new dining options. 

According to Cadillac Fairview, the mall’s interior will be modernized and upgraded — a good thing, considering that only minor improvements had been made to the centre since its opening in 1985. A new centre court staircase will anchor the centre, and new porcelain tile and stainless steel and glass guardrails will be installed throughout the mall. A major portion of the overhaul will involve an expansion into former Sears store, which previously occupied about 127,000 square feet in the centre. New retailers to Masonville will include London’s first Zara, Hot Topic and Disney stores, as well as H&M and Sport Chek/ Atmosphere, which also have locations at London’s White Oaks Mall. 

Masonville recently saw some improvements and new retailers, such as Sephora, Ivivva, Lush and Saje Natural Wellness. Cadillac Fairview says that further investment will be made to redevelop the mall’s former Target space, which will cost an additional $30 million on top of the $77 million earmarked for the most recent expansion. 

The mall is also adding new dining options, which will include a mix of popular premium casual and quick service restaurants including aroma espresso bar. Cadillac Fairview is also initiating a study to improve the mall’s accessibility, and it recently upgraded the mall’s Wi-Fi and has added mobile charging stations throughout the centre. 

Masonville Place’s renovation and expansion are expected to be completed by November of this year, and will be done in phases so stores may stay open. 

Canadian Retail News From Around The Web: March 30, 2016