From Toronto Star:
Cadillac Fairview has announced a $52 million investment to "bring elegance and luxury to the shopping experience" at Carrefour Laval in suburban Montreal.
The renovation, starting immediately and set for completion by the fall of 2009, includes relocating the shopping centre's food courts into a new 1,200-seat complex, adding more stores and "harmonizing the common areas with the garden court."
Cadillac Fairview, owned by the Ontario Teachers' Pension Plan, said yesterday the upgrading of the 34-year-old mall is "inspired by the urban trend seen in shopping centres of leading international cities."
Renovations will include new flooring, ceilings, lighting and soft-seating areas, with construction planned to minimize inconvenience for shoppers.
Other properties in Cadillac Fairview's $16 billion portfolio include the Toronto-Dominion Centre and Eaton Centre in Toronto.