Behind the Deals: Ivanhoé Cambridge Secures 7 Canadian Saks OFF 5TH Locations
Montreal-based landlord Ivanhoé Cambridge has secured seven of Saks Fifth Avenue‘s 14 announced Canadian Saks OFF 5TH locations. It’s a remarkable accomplishment and according to Ivanhoé Cambridge Executive Vice President and Chief Operating Officer of Retail, Roman Drohomirecki, it involved lengthy negotiations and a company-wide collaborative effort.
In March of this year, Saks OFF 5TH opened at two Ivanhoé Cambridge properties — atVaughan Mills (north of Toronto) and the Outlet Collection at Niagara. This September, OFF 5TH will open at Ivahnoé Cambridge’s CrossIron Mills north of Calgary, and in October at Tsawwassen Mills south of Vancouver. In the spring of 2017 Saks OFF 5TH will open at Quebec City’s Place Ste-Foy and at the Outlet Collection at Winnipeg and in the fall of 2018 a downtown location will open at Montreal Eaton Centre which, according to Mr. Drohomirecki, will see heavy traffic from both tourists and locals.