Vaughan Mills isn't just an 'outlet mall', however. It's got some 'concept stores' as well as some full-priced retailers, and it also considers itself to be an 'entertainment venue'. Entertainment will be important to future retailing, as we described in yesterday's Retail Insider article about the future of retail.
Vaughan Mills will grow to about 1.274million square feet. Construction starts either late April or early May, according to a source at landlord Ivanhoe Cambridge. The mall will spend a reported $87million on the expansion. When completed, Vaughn Mills will have 250 stores and 19 'major tenants' (large in size, we presume).
According to their press release, the expanded Vaughn Mills will include:
|Vaughan Mills' current floorplan. Source: searchingtoronto.com|
Ivanhoe Cambridge's press release includes the following description of Vaughn Mills:
"Today, over 13.5 million shoppers, families and tourists visit Vaughan Mills year after year for a shopping experience that includes: 16 specialty anchors, brand fashion, 50%+ brand and luxury outlets, entertainment components and unique dining options all within 6 themed neighbourhoods and 6 themed transition courts.
We're still doing our homework on other outlet mall retail coming to Canada. We've reported on some already. Soon, there may be no desire to cross the Canadian border to shop in the United States for bargains or otherwise.
Source: Ivanhoe Cambridge Press Release
Vaughan Mills website: www.vaughanmills.com