Winnipeg Free Press - PRINT EDITION
Posted: 04/30/2014 1:00 AM | Comments: 0
Shoppers won't have to brave the elements while shopping at a new $200-million fashion outlet mall that's planned for southwest Winnipeg.
Developers raised the curtain Tuesday on their plans for developing the 437.3-hectare parcel of land that makes up the second half of the IKEA-led Seasons of Tuxedo development. The centrepiece of the new 910,000-square-foot development, which will be called the Outlets of Seasons, will be an enclosed, 385,000-square-foot premier fashion outlet mall that is slated to open in the spring of 2017.
There will also be a hotel, a 40,000-square-foot grocery store, a number of stand-alone stores and strip-mall-style retail complexes, and an undisclosed number of apartments and condominiums.
Two Regina-based firms -- Harvard Developments Inc. and Forster Projects Inc. -- are developing the Outlets of Seasons complex.
And a seasoned Canadian fashion-outlet-centre developer -- Ivanhoé Cambridge -- will develop and manage the outlet centre, which will be called Outlet Collection at Winnipeg.
Harvard and Forster acquired the parcel of land on the northwest corner of Kenaston Boulevard and Sterling Lyon Parkway earlier this year from a joint venture company owned by IKEA and Winnipeg's Fairweather Properties, who are developing the south half of the 1.8-million-square-foot Seasons of Tuxedo mixed-use development.
The purchase price has not been disclosed.
The south half of the development includes a 400,000-square-foot IKEA store, a 70,000-square-foot Cabela's store and a number of smaller retail outlets, restaurants and financial institutions.
Blair Forster, Harvard's vice-president of development and president of Forster Projects, said Harvard had been looking at the Winnipeg market for a number of years, and the Seasons of Tuxedo site was just too good to pass up.
"We think it's one of the best (development) opportunities in Western Canada," he told real estate industry representatives attending the third biennial Winnipeg Real Estate Forum Tuesday in Winnipeg.
Forster said in a later interview Fairweather and IKEA had looked at building a retail complex with a retractable roof on the north-side property. And Harvard and Forster's original design plans called for a fashion outlet mall that had the stores opening onto a central, open-air concourse.
But when Ivanhoé Cambridge approached them about getting involved in the project, it suggested an enclosed mall similar to a typical regional shopping centre.
"And we agreed... that with the cold-weather climate, having an enclosed shopping centre would extend the shopping season," Forster added.
The developers say the outlet centre will boast more than 90 stores featuring leading and brand-name fashion items at 25 to 75 per cent off regular retail prices.
Forster wouldn't disclose the names of any likely tenants for the centre, but he said they will be many of the same retailers found in most other premium fashion outlet centres in Canada and the United States.
He said they're already in talks with a developer who is interested in building a hotel on the site. He wouldn't say how big the hotel is likely to be, but said it will have all the amenities that would appeal to families, including a swimming pool.
"They're going to try and capitalize on the draw of both the IKEA store and the fashion outlet centre for extended stays," he said, adding the outlet centre is expected to draw shoppers from as far afield as eastern Saskatchewan, northern Manitoba, northwestern Ontario and the north-central United States.
He said construction of some of the site's interior roads should begin within the next month or so, and the first building will likely begin to rise next spring. It could be the grocery store, the hotel, or the first phase of residential units.
He said a number of local developers have already purchased the residential land and are preparing their development plans. He said it's too soon to say how many residential units are likely to be built.
Republished from the Winnipeg Free Press print edition April 30, 2014 B5
Having problems with the form?Contact Us Directly
Quintet set for biz hall
Obama budget sets up battle with GOP-controlled Congress
Sky isn't falling just because the loonie is: expert
Greek leader tamps down rhetoric, vows to pay off debts
Road map to retirement comfort
Drivers: Return to your dealers for a 2nd air bag recall fix
Revel sale put on hold while nightclub appeals terms
Germany's Merkel says she doesn't see another Greek debt cut
Move against oil shock: IMF
To buy or not a farmer's dilemma
Do the right thing
Sumptuous seaside hotel sells for record-shattering $360M
Sumptuous seaside hotel sells for record-shattering $360M
Big shortfall in mining-taxes prediction
Uber says outside review shows customer data safe, private
Lawsuit: Exploding air bag killed Texas man
IBM boss gets bonus despite company's woes
New ammunition against canola foe
Exxon Mobil updates anti-discrimination employment policy
How the Dow Jones industrial average fared Friday
BMO reduces its fixed mortgage rates
Fewer drivers dying behind the wheel
Resolute reaches tentative labour deal
Most actively traded companies on the TSX
US to provide privacy group with memo on surveillance
Cost pressure intensifies for Southern Co. nuclear plant
FDA approves ADHD drug for binge-eating disorder
Mastercard and Amazon are big market movers
List: 10 Super Bowl ads you'll be talking about
Hydro-Quebec CEO resigns
Lower fuel expected to drive airline stocks
Oil soars on signs US oil companies curtail production
N.W.T. runs first oil exploration auction
Government sells scandalized Teapot Dome oilfield for $45M
Consumers fuel steady US economy as rest of world struggles
New York wage board suggests $7.50 wage for tipped workers
FTC clears Sun Pharma's $4B purchase of competitor Ranbaxy
Billionaire: Taj Mahal benefit cuts an 'essential sacrifice'
Mexico cuts spending by $8.4 billion due to oil price drop