Monday, May 14, 2012

Premium Outlets mall to be built near us

SmartCentres, owner of the properties on Laird Drive, is a partner with Simon Property in the U.S, to build the first Premium Outlets mall in Canada at a location in Halton Hills, near Oakville. Ground has already been broken on Toronto Premium Outlets which will mirror the many Premium Outlet malls across the U.S.  The site is adjacent to Highways 401 and 427 and is designed to draw traffic which might otherwise head to Buffalo. They are betting however that it will do a lot more than that. SmartCentres is an aggressive Canadian company with shopping centres nationally but it pales in size to the enormous assets of Simon Property. With 363 properties (as shown on the map) it has 5,000 employees and leases some 264 million square feet of retail space. 

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