$86-millon expansion and redevelopment of Galeries d’Anjou to include new Simons store

The Cadillac Fairview Corporation Limited and Ivanhoe Cambridge, co-owners of Galeries d’Anjou, announced that the shopping centre will undergo a major, $86-million expansion and redevelopment, including a new, two-level 100,000-square-foot Simons department store and an extensively renovated Bay store.

The arrival of a Target store to replace the current Zellers outlet, along with a total makeover of common areas and a new food court, will complete the renaissance of Galeries d’Anjou, which is visited by over eight million shoppers per year.

The work will be undertaken in phases, beginning in the fall of 2011 with the relocation of the food court to an area near the soon-to-be Target store. That relocation, along with the reconfiguration of certain other commercial retail units, will make room for several best-in-class retailers that currently cannot be accommodated by the centre due to a lack of space.

The Target store is scheduled to open in Spring 2013 and the Simons department store, which will include 160 underground parking spaces, in the fall of 2013. When the project is complete, the expanded Galeries d’Anjou -located at the intersection of Highways 40 and 25 – will have a gross leasable area of 1.14 million square feet.

“This very sizeable investment in Galeries d’Anjou demonstrates our confidence in the future growth and economic well-being of Quebec and, in particular, the Montreal region,” stated Normand Blouin, senior vice president, Eastern Canada Portfolio, for Cadillac Fairview, co-owner and manager of the centre. Blouin noted that detailed market studies have confirmed that an expanded centre with a new Simons store will improve shopper demographics and significantly increase customer traffic.

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