Mithras
Active Member
They would love to do more at Square One but with a legal battle they are embroiled in at the site with Hazel and her son OMERS pension hasn’t been too keen to rock the boat at the site by going to council and trying to wring out more concessions. That and they only have so much money, time and manpower. They have done one major redevelopment every few years on the retail side, 1st Scarborough Town Centre, then Yorkdale and now some time and money towards Square One.
Square One has the most remaining upside of those three but don’t expect much more than lipstick until the legal battles of Hazel and her son are over. Then you will probably see a few hundred million put into the greater Square One site.
Oxford and their partner AIMco will probably never completely sell out of the site. Their super regional mall portfolio is a cash cow.
Square One has the most remaining upside of those three but don’t expect much more than lipstick until the legal battles of Hazel and her son are over. Then you will probably see a few hundred million put into the greater Square One site.
Oxford and their partner AIMco will probably never completely sell out of the site. Their super regional mall portfolio is a cash cow.