Filed under: Real Estate Developments
One developer is betting big on Canada's economic future. Development company, The Remington Group, is planning Canada's largest multi-cultural shopping area, The Remington Centre. The mixed-use complex in Markham, just north of Toronto will have over 360 retail stores including shops currently found at a local Asian shopping center. The new retail center will combine both Eastern markets and Western boutiques. Retail spaces are available for lease, as in a traditional mall, but can also be bought like condos. The project is one of the largest retail redevelopment projects in Canada and will include a 20-story residential/hotel tower with 475 units and luxury hotel suites. The form of the complex is based on the Chinese Ru-Yi, a symbol of wealth and good fortune.
A parking garage will offer 3,500 spaces and the Remington Centre will also include a large public plaza that will have a pond that converts into an ice rink in the winter and a permanent stage with a cascading waterfall to accommodate 2,000 people for shows. Ground breaking should begin sometime within the next two years.
[via World Architecture News]