Cadillac Fairview starts $120M Eaton Centre upgrade
The Canadian Press
Published Friday, June 18, 2010 9:53AM EDT
TORONTO - Cadillac Fairview Corp. says the Toronto Eaton Centre is about to get a $120-million facelift that will completely rework its food courts and give the rest of the mall a new look.
The changes at one of Canada's biggest shopping malls will turn the south food court into an upscale restaurant-style environment, while the north food court will be redesigned and expanded to become the main eating area.
Other renovations will include a replacement of the mall's entrance doors, tile floor, handrails and an expansion of the washrooms.
The major reworking of the mall's design will start on July 1 and is expected to last for two years, the company said.
Since it opened 33 years ago, the Eaton Centre has become a key tourist destination for visitors to Toronto and a prime location for popular international retailers to make their first foray into Canada, like the soon-to-open Victoria's Secret.
"We are thrilled to embark on this extensive revitalization, given Toronto Eaton Centre's prominent role in Canada's retail and cultural landscape," says senior vice-president of development Wayne Barwise.
"This is truly a transformative stage in our evolution: after 33 years of setting the standard for retail shopping, we now have a unique opportunity to reinforce our relevance in the hearts and minds of Torontonians and millions of visitors from around the world."
Cadillac Fairview said the new food courts will include a suspended wood ceiling to create a more comfortable environment. The eateries will also have reusable dishes and cutlery, replacing the disposable plates and cutlery, and a "pulping machine" that will turn food scraps into semi-dry compost.
The company also plans to install a custom-made light sculpture created by United Visual Artists, based in the United Kingdom.
Cadillac Fairview, wholly owned by the Ontario Teachers' Pension Plan, owns or co-owns and manages more than 83 properties in Canada and the United States. The office buildings and retail centres are valued at some $17 billion.
Last month, the company announced a $110-million revitalization investment in the company's iconic Toronto-Dominion Centre complex in downtown Toronto.
Thousands of people line all five levels of the Eaton Centre while doing some last minute Christmas shopping in Toronto, Wednesday, Dec. 23, 2009. (Darren Calabrese / THE CANADIAN PRESS)