Oxford Properties has announced that Upper Canada Mall in Newmarket, Ontario, will see a $60 million investment in its former Target space. Construction has already commenced, and the redevelopment will open in phases throughout 2018.
The enclosed 998,000+ square foot mall features over 200 stores with two major anchors: Sears and Hudson’s Bay. Co-owned by Oxford Properties Group and CPP Investment Board (CPPIB) and managed by Oxford, Upper Canada Mall is one of the region’s most productive shopping centres, with an annual productivity per square foot in excess of $750, according to a recent Retail Council of Canada shopping centre study.