AUSTRALIA
Galleria
The proposed major redevelopment and expansion will see the scheme become a supra-regional center and one of Perth’s leading retail destinations.
Vicinity Centres’ Director of Development, Stephen Beer, said: “Receiving this approval for our proposal is a significant milestone bringing us closer to commencing the evolution of Galleria. We continue to work through a number of pre-conditions for the development, which will include investment approvals from the boards of both Vicinity Centres and Perron Group.”
The transformational development will include additional specialty stores targeting international brands, Australian designers, and fashion stores, as well as offering the latest discount department store and supermarket concepts. Fresh food and dining experiences will feature throughout with a new restaurant and casual dining precinct, an innovative new gourmet fresh food market hall, and a cutting-edge dining court to offer greater vibrancy and choice.
The approved plans also include a new leisure and entertainment zone, the establishment of a town square opening onto Bishop Street, an urban plaza to Russell Street, and additional multi-deck parking, with the aim of positioning Galleria as the “day out destination” of choice for the Perth community.
Perron Group Chief Executive Officer, Ross Robertson, commented: “We are excited to be part of the development of Galleria into what we believe will be Perth’s pre-eminent community and shopping destination.”
Currently anchored by the major retailers Myer, Kmart, Target, Coles and Woolworths, the proposed Galleria development will increase the center’s retail floor space from approximately 74,000 sq m to around 126,000 sq m.
CHINA
Olympia 66
On September 9, 2016, Hang Lung Properties Limited celebrated the opening of Olympia 66 in Dalian in Liaoning Province.
This is the company’s eighth commercial complex on mainland China. Located in Xigang District, the mega mall is ideally positioned in the city’s bustling center.
Ronnie C. Chang, Chairman of Hang Lung, said: “Although mainland China’s economy remains weak, Olympia 66 has performed on par with expectations since its soft opening in December last year, largely thanks to the persistent efforts of the team. Having already attracted a number of international brands to open their stores in the mall, Olympia 66 will continue to provide the necessary impetus for development in the region and in our Mainland portfolio, helping to drive the continued sustainable growth of the company going forward.”
The temple of consumption’s vital statistics: Olympia 66 is a free-standing mall with a retail area of 220,000 sq m plus 1,200 parking spaces. With a 300-meter-long facade decorated with about 3,000 fish scale-shaped glass ornaments and 9,900 meters of LED lights capable of displaying images and texts, it has already won a number of international accolades.
USA
Broadway Plaza
Macerich recently celebrated the official opening of the expansion and major redevelopment of Broadway Plaza in Walnut Creek, California.
The open-air retail center, anchored by Nordstrom, Neiman Marcus, and Macy’s, unveiled additions that more than double mall shop space, adding more than 50 new stores. In all, total GLA for Broadway Plaza, a retail destination for the East Bay market of San Francisco since 1951, is now more than 83,000 sq m. The expansion is over 90% leased.
“Macerich excels at adding significant value to our well-positioned fortress properties through redevelopment and Broadway Plaza is a prime example of our proven approach,” said Randy Brant, Macerich’s Executive Vice President.
“At Broadway Plaza, we have expanded this unique street-retail setting to meet extensive retailer demand to be part of our high-performing property, while also enhancing the amenities, pedestrian appeal, and pleasing scale of this irreplaceable downtown retail asset.”
New stores already open or opening in the enhanced center include Aldo, Allen Edmonds, Apex, Arhaus, Aritzia, Athleta, Aveda, Bath & Body Works, Boudin Bakery, Clarks, Cocola Bakery, Ecco, Eileen Fisher, Everything But Water, Gap, Godiva, Hanna Andersson, H&M, ivivva, J. Crew, J.Jill, Kiehl’s, Kit & Ace, L’Occitane, Lou & Grey, Lucky Brand Jeans, lululemon athletica, Lush, Madewell, Michael Kors, Nespresso, NYX Professional Makeup, Oceane, Pandora, Papyrus, See’s Candies, Solstice, Soma, SoulCycle, Starbucks, Teavana, Tesla, The Walking Company, True Food Kitchen, True Religion Brand Jeans, Vince Camuto, Victoria’s Secret, Wetzel’s Pretzels, White House/Black Market, and Zara.
Additionally, Broadway Plaza anchor Macy’s underwent its own 5,300-sq-m expansion, with the redesigned 23,000-sq-m store debuting last November.
CANADA
Mayfair
Ivanhoé Cambridge will expand and redevelop Mayfair Shopping Centre, located in Victoria, British Columbia.
The investment will increase the GLA from 42,180 sq m to approximately 51,470 sq m after completion in the fall of 2018. The expansion will be anchored by two new large-format stores.
Discussions are ongoing with several brands that seek to establish flagship locations. When completed, the center’s strong existing roster of merchants will be further enhanced with new fashion, lifestyle, and specialty apparel retailers and additional merchandise categories, further solidifying Mayfair’s position as Victoria’s premier shopping destination.
Two levels of additional rooftop parking will also be constructed, connected by a new access ramp off Finlayson Street. This new access will improve the overall functionality of the existing roof parking, which is currently only accessible via Tolmie Ave. The expansion is being complemented by a comprehensive interior renovation of the property.
The work will include new washrooms, flooring, wayfinding signage, paint, furnishings, and enhanced lighting for the common areas. The internal renovation will also simplify the circulation of the common areas, which will further enhance the shopping experience. To support the expansion, extra loading provisions for large-format tenants will be provided.
A new set of escalators and elevators will improve the connection to the rooftop parking. A new short-term pick-up and drop-off zone with taxi waiting areas will be created off Douglas Street to provide convenient weather-protected access to the main entry.
The entry point to the lower level parking off Douglas Street will be relocated to align with a new signal at Speed Avenue, allowing full movement into this convenient parking. New and enhanced wayfinding signage will be provided at all key entry points.
