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Remington Group unveils plans for the redevelopment of Market Village (June 19, 2009)


The Remington Group plans to redevelop its current 352,000 square foot Asian-targeted shopping centre, Market Village located in Markham, Ontario, into an 800,000-sq.-ft. commercial and residential property called The Remington Centre, designed by Toronto-based Kohn Architects Inc. With ground breaking projected in the next 24 months, the new billion-dollar property will be home to more than 360 retail stores, incorporating small sized shops currently found at Market Village, and premium spaces for upscale boutiques and anchor tenants.

 

An additional residential/hotel tower adjoining the shopping centre will be constructed in the second phase of development, featuring over 20 stories and including 475 units and luxury hotel suites, as well as a network of pedestrian pathways and private streets that will link the retail and residential environments.

 

Issues such as traffic congestion that Market Village currently experiences will be handled in the new project by constructing new entryways, integrating The Remington Centre with the adjacent Pacific Mall to a greater extent, and building a parking garage of up to six levels, with a total of 3,500 parking spaces.

 

Other features include a six acre outdoor public plaza with a pond that converts into an ice rink in the winter and a permanent stage with a cascading waterfall for weekly cultural performances. The centre will also feature a geothermal installation, with heating and cooling provided through the floors of the centre.




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