Conestoga Mall (Waterloo, Ontario)

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Conestoga Mall
Conestoga Mall logo.jpg
Conestoga Mall (Waterloo, Ontario)
Location Waterloo, Ontario, Canada
Coordinates 43°29′53.37″N80°31′37.22″W / 43.4981583°N 80.5270056°W / 43.4981583; -80.5270056
Address550 King Street North
Opening date1978 [1]
DeveloperSelect Properties Limited
Management Primaris REIT
OwnerPrimaris REIT
No. of stores and services130 (+14 food court)
No. of anchor tenants 3
Total retail floor area 681,272 sq ft (63,292.2 m2)
No. of floors1
Website conestogamall.com
Entrance on the west side of the mall Conestoga Mall 2.jpg
Entrance on the west side of the mall

Conestoga Mall is a shopping mall located at 550 King Street North in Waterloo, Ontario, Canada. Located at King Street's interchange with the Conestoga Parkway, it is the largest shopping centre in Waterloo, and third-largest in Waterloo Region.[ citation needed ] The mall is owned and operated by the shopping centre development company Ivanhoé Cambridge, which is a principal real estate subsidiary of Caisse de dépôt et placement du Québec.[ citation needed ]

Contents

Conestoga Mall has over 130 stores and services. The mall has a Food Court featuring 14 vendors and a Galaxy Cinema. [2] Anchor tenants include Hudson's Bay, Zehrs, Galaxy Cinemas, Winners, Sport Chek, Old Navy, and Shoppers Drug Mart . The mall, built in 1978, was one of the only buildings on this section of King Street. Since it opened, the mall has been expanded several times, and has contributed to the retail success of this area. Several big box retailers have opened on King Street North around the mall.[ citation needed ]

Acquisition by Primaris REIT

In June 2023 Primaris REIT announced an intention to acquire the mall for $270 million from Ivanhoé Cambridge. [3] The transaction closed in July 2023. [4]

Redevelopment

Conestoga Mall underwent a major $75 million redevelopment project. [5] The project began in mid-2006, and was completed in the spring of 2010. Details of the project include a 130,000-square-foot (12,000 m2) expansion on the south end of the property, a renovation and upgrade to the existing building, a new 700-seat food court with a new south end mall entrance, and a pedestrian-friendly façade.[ citation needed ]

The redevelopment was also to include significant traffic improvements to the King Street entrance of the mall. The intersection of Conestogo Road and Kraus Drive were replaced with a roundabout at the City of Waterloo's request. A second entrance was added to King Street in the form of a right in-right out intersection. The traffic upgrades were paid for by Ivanhoé Cambridge as a condition of the City of Waterloo issuing a building permit for the expansion of the shopping centre. [6]

The Bay

The Bay (now "Hudson's Bay") was moved slightly to the south and was completely rebuilt into a larger store. The new prototype Bay at Conestoga Mall was the first "green" store in the company's portfolio - complete with environmentally-conscious measures such as solar panels, wind turbines, recycled carpet, and waterless urinals. The company also introduced higher end products such as Chanel cosmetics to serve Waterloo's growing affluence. [7]

City of Waterloo Museum

Conestoga Mall donated 4,000 square feet (370 m2) in the new expansion to the City of Waterloo to establish a permanent museum for the city's heritage artifacts. Over 10,000 of the city's historical artifacts will be displayed in the City of Waterloo Museum. Waterloo's heritage collection has been mainly in storage over the past decade, with most of these artifacts coming from the closure of the Seagram Museum. The City of Waterloo Museum will be located between the new Bay store and food court entrance. [8]

Environmental commitment

Conestoga Mall supports green electricity, [9] purchasing 30% of its common area electricity requirements from Bullfrog Power. [10]

Loblaw Superstore controversy

Loblaw Companies, which operates the Zehrs chain of grocery stores, has owned a large parcel of land to the southwest of Conestoga Mall. Despite much controversy with local citizens and the City of Waterloo, Loblaw planned to close the Conestoga Mall Zehrs and replace it with a much larger approximately 16,300-square-metre (175,000 sq ft) Real Canadian Superstore. [11] In September 2008, Loblaw sold its land holding to Intelligent Mechatronics Systems, a high tech company for $14.5 million. [12] [13]

Anchors

Former anchors

Transit terminal

See Also

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References

  1. ↑ "About Us @ Conestoga". Archived from the original on 2015-02-25. Retrieved 2013-08-15.
  2. ↑ "Conestoga Mall - stores, services". www.shopping-canada.com. Retrieved 24 January 2016.
  3. ↑ "Primaris REIT Press Release".
  4. ↑ "Primaris REIT Press Release".
  5. ↑ "City of Waterloo and Conestoga Mall launch a creative cultural initiative". City of Waterloo . Retrieved 2009-04-26.[ permanent dead link ]
  6. ↑ "Council Agenda: Monday, August 27, 2007". City of Waterloo . Retrieved 2008-04-08.[ permanent dead link ]
  7. ↑ "Waterloo Becomes Home to Canada's First Green Bay Store". CNW. Retrieved 2008-09-19.
  8. ↑ "City of Waterloo Museum". City of Waterloo. Archived from the original on 2010-03-11. Retrieved 2009-10-08.
  9. ↑ "Waterloo Chronicle". Archived from the original on 2007-08-28. Retrieved 2007-08-30.
  10. ↑ "Archived copy" (PDF). www.ivanhoecambridge.com. Archived from the original (PDF) on 28 March 2007. Retrieved 13 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  11. ↑ http://www.guelphmercury.com/pdfs/2007Oct23/A04.PDF%5B%5D
  12. ↑ "Residents pleased as Loblaws sells site". Waterloo Region Record. Retrieved 2008-11-25.
  13. ↑ "New high-tech headquarters overtakes Superstore plan". Waterloo Region Record. Retrieved 2008-11-25.
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