Remington Centre | ?m | 33s | Remington Group | Kohn

johnr

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Here are some pictures of the planned redevelopment for Market Village in Markham. The existing parking lot facing Steeles is being converted into a public square and a new hotel is being built. These pictures do not include the Pacific Mall redevelopment which will be just as dramatic. The combined mall will be about 1 million sq. ft.





 

wyliepoon

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http://www.remingtoncentre.ca

Thanks for sharing this info! I have envisioned some sort of transformation of Pacific Mall and Market Village for some time now, including some high-rise condos... just can't believe that it's going to be realized. From the renderings it looks like this will be Toronto's answer to Vancouver's Aberdeen Centre.



Love the public square on what I believe is the Market Village parking lot fronting Steeles - it could be used for Asian-style street markets in summer, and a skating rink in the winter. The pedestrian bridge linking Pacific Mall and Market Village is long overdue. Hopefully the project will also focus on transit linkages- I think it would be a good idea to bring Milliken GO station back north of Steeles if it's incorporated into the tower (which I see is sited next to the old Milliken station site), and perhaps a new (covered) loop for Kennedy buses.

However, this development will bring up a lot more discussion about traffic in this area. Maybe there's 10 storeys of underground parking under that new public square, with access ramps off of Steeles?

Great job Remington! (the same developer as Downtown Markham)
 
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golodhendil

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Oh wow, this does look amazing. Just this past winter when I was back in Toronto, I was thinking how they should build something on the parking lot to connect the Pacific Mall - Market Village (PMMV) complex more conveniently to the new developments south of Steeles, but I didn't envision something this dramatic. I just hope it doesn't flop and disappoint like that mall south of Steeles did.

I can attest to how the Aberdeen Centre transformation was indeed amazing, and it would be wonderful if the Remington Centre project can do the same to PMMV.
 

Solaris

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there were preliminary concepts pretty similar to those shown above submitted to the Town of Markham in mid-2008 ... but Remington never went forward with any applications ... by going to marketing, I suppose this means Remington is serious about going forward with the scheme ?
 

ganjavih

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I usually don't like these massively-scaled mega-developments, but this looks interesting.

At first, with the name "Remington" and that little rainbow swirly thingy logo, I thought it might be some sort of gay community centre.
 
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Automation Gallery

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A huge gamble on Markham Asian mall
Jun 19, 2009 04:30 AM
Tony Wong
Business Reporter

In the depths of the worst recession in decades, one of Canada's richest men is taking a $1 billion gamble on suburban Chinatown with plans for a massive mall and luxury hotel/condominium complex in the heart of Markham's shopping district.

Plans for the Remington Centre, an 800,000 square-foot Chinese-themed mall adjoining a 20-storey hotel and condo tower, are expected to be announced by Toronto developer Rudy Bratty's Remington Group at a news conference today.

http://www.thestar.com/Business/article/653446
 

Solaris

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Full story from the Toronto Star ...

So its Kohn Architects doing this Remington project eh ... same pairing cobmination as Casa Del Sol condos up the street @ Kennedy + Denison

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A huge gamble on Markham Asian mall


The proposed Remington Centre will have a vast outdoor public space with fountains — envisioned as a kind of Times Square for the Asian-Canadian market. It will be designed by Kohn Architects. June 19, 2009

Tony Wong
Business Reporter

In the depths of the worst recession in decades, one of Canada's richest men is taking a $1 billion gamble on suburban Chinatown with plans for a massive mall and luxury hotel/condominium complex in the heart of Markham's shopping district.

Plans for the Remington Centre, an 800,000 square-foot Chinese-themed mall adjoining a 20-storey hotel and condo tower, are expected to be announced by Toronto developer Rudy Bratty's Remington Group at a news conference today.

"We are really proud of this – we believe it will be the pre-eminent centre in North America," the 77-year-old Bratty said in an interview.

Bratty, ranked 58th on Canada's wealth list by Canadian Business magazine with a personal net worth of almost $1 billion, intends to knock down his existing 325,000 square foot Market Village mall at the corner of Kennedy Rd. and Steeles Ave., further shifting the centre of Toronto's Chinatown to the suburbs. The area is already home to three other large Chinese-themed malls.

Bratty's timing for a GTA project of this scale is all the more audacious considering most other retail and commercial builders have closed up shop as the weak economy and job losses sap consumer confidence.

"We're certainly taking a chance, particularly in today's market, and I don't kid myself that the credit markets have changed, but I think we're offering something different than what's out there," says the lawyer turned developer.

First, he'll have to contend with a banking sector that, having taken massive writedowns in recent months, is now famously cautious about lending money for any kind of development – even when the borrower happens to be Bratty.

John O'Bryan, vice-chair of broker CB Richard Ellis, says many large-scale commercial projects in Toronto are drying up because of lack of funding.

"Bankers are much more conservative and the biggest impediment (for builders) is financing," says O'Bryan.

But Bratty insists financing won't be a problem.

"The bankers know what we're planning, but we haven't worked out the details," he says.

Groundbreaking on the Markham project is likely 18 months to two years away.

Key to the business plan is that, unlike a traditional mall where the developer is the landlord, Bratty intends to sell the mall spaces, either to the retailers occupying the premises or outside investors – a structure commonly used in Asia to spread the ownership risk.

However, it's not quite a done deal yet. Bratty intends to start selling units this summer, but first he needs site-plan approval from the Town of Markham for phase one, while phase two will require rezoning for residential use.

And even if he meets sales targets and satisfies his bankers, he will have to contend with major competition from other malls, including an expansion by veteran developer Sheldon Esbin's Splendid China Tower across the street on the Scarborough side of Steeles Ave.

Esbin plans to break ground this summer, on a site formerly used by a Canadian Tire store, to expand his mall from 100,000 to 300,000 square feet.

"I think Remington will do a great job. They're well financed and they're smart business people," says Esbin. "This area will be centre ice for the Chinese community."

Not far down the road at Middlefield and Steeles Ave., developer Terry Yiu is also building a new mall, the 435,000 square foot Landmark, billed as the next largest Asian mall in North America.

That scale of development is unprecedented in North America for Asian malls, and marks the first wave of massive building – some analysts say overbuilding – in more than a decade, in pace with Chinese migration first to Scarborough, then north to Markham and Richmond Hill.

"Can you have too many Chinese malls? Sure, but you can apply that argument to just about anything," says Bratty. "I'm confident this will work."

Bratty cites research by Remington that says 42 per cent of new immigrants from China come to the Toronto area, where there are already more than 430,000 of Chinese descent based on the 2001 census. By 2017 that number is forecast to be 735,000 residents.

Another finding is that Chinese consumers tend to be loyal, with almost half spending their dollars almost exclusively in Chinese-owned businesses.

Having all those malls close together creates a complementary usage that promotes more destination and tourist shopping, argues Bratty, who sees his mall becoming an "international draw."

"We looked at other malls across Canada and we learned from them and we wanted to do better," says Bratty.

Plans for the new mall are decidedly more upscale than the sometimes junky Asian retail condos that have dominated the Markham area. Some inspiration undoubtedly has come from Vancouver's Aberdeen Centre, a high-end condo and retail complex whose stores wouldn't look out of place in Yorkville.

But Bratty promises his mall will be more luxurious still, with thoughtful touches. Tour bus drivers bringing guests to the mall will be looked after, for example, courtesy of a private rest area where they can nap and shower, he says.

The new mall will be designed by Kohn Architects and will also have a vast outdoor public space with fountains – envisioned as a Times Square for the Asian-Canadian market.

Beside Bratty's Market Village complex is the 300,000 square foot Pacific Mall, perhaps more famous as a shopping destination for the latest pirated DVDs.

While the Pacific Mall looks like a giant glass greenhouse, the existing Market Village looks like it was lifted from the set of Anne of Green Gables, arising from Bratty's goal at the time to fit his development into the farming roots of old Markham. The new mall, which will be rebranded the Remington Centre, will be connected to the Pacific Mall by a bridge.

So far, Markham council has been supportive of the scheme, although traffic congestion remains an issue.

Markham Councillor Alex Chiu says he likes the project, believing it would "bring a lot of tourism to Markham."

However, he acknowledges "traffic is always a concern in that area" and he has yet to see a traffic report by Remington's consultants.
 

makattack

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It would be nicer if it was incusive to all cultures, races and ethnicies... "Single ethnic" malls and developments are not the right way of doing things.. What if someone opened a "White Mall" in Rosedale??? It would be called racist!
 
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lesouris

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It would be nicer if it was incusive to all cultures, races and ethnicies... "Single ethnic" malls and developments are not the right way of doing things.. What if someone opened a "White Mall" in Rosedale??? It would be called racist!
It's not racist at all. It's being marketed as a Chinese mall in a (gasp!) primarily Chinese area where it can make money by providing goods and services to the primarily Chinese population in the language they're comfortable with. If a non-Chinese person wanted to open up a store here, what would stop them? Not much besides the fact that there are better locations available elsewhere where they could make more money.

When it comes to "White Malls" - it's kind of like explaining to a kid why there's a Mother's Day and a Father's Day, but not a Kid's Day (because everyday is Kid's Day). The English language (which is what I assume you mean by White) is spoken at most malls and products targetting English-speakers are widely available. If they weren't, then maybe you'd see White Malls. We need to get past this racism thing and see a Chinese Mall not as a mall for Chinese people to the exclusion of all others, but a mall where Chinese is spoken and Chinese products are available.

When the areas demographics change - assuming this mall gets built and is still around - what's in the mall will change too.
 

Epi

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It's not racist at all. It's being marketed as a Chinese mall in a (gasp!) primarily Chinese area where it can make money by providing goods and services to the primarily Chinese population in the language they're comfortable with. If a non-Chinese person wanted to open up a store here, what would stop them? Not much besides the fact that there are better locations available elsewhere where they could make more money.
Not to mention that such 'white' corporations as Rogers, Bell, LCBO, McDonalds, Bank of Montreal, and so on have stores in Market Village and Pacific Mall.

Or the fact that Remington is owned by a white guy! The entire idea of this being 'racist' is pretty silly. What's next? Calling Chinatown racist? Little Italy? Greektown? Geez... people need to get over themselves.
 

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