The Caisse de depot et placement du Quebec’s real estate arm, Ivanhoe Cambridge, plans to invest $200 into a redevelopment and expansion of the Bayshore Mall in Ottawa.
The Caisse de depot et placement du Quebec’s real estate arm, Ivanhoe Cambridge, announced Friday it plans to invest $200 into a redevelopment and expansion of the Bayshore Mall in Ottawa.
“The modern makeover includes moving and expanding the food court and nearly tripling its seating area, as well as increasing parking space by 10 per cent,” Ivanhoe Cambridge stated in a press release. “The bulk of the expansion will be on the northern side of the property, in place of the existing parking tower.”
Bayshore Mall is northeast of the interchange of Highways 417 and 416, near the community of Bells Corners about 15 kilometres west of downtown Ottawa. Since 2001, when the Regional Municipality of Ottawa-Carleton became the one-tier City of Ottawa, the mall has been inside the city limits.
The mall is co-owned by KingSett Capital. The redevelopment, which would increase the retail area by 160,000 square feet, is scheduled for completion in 2015.
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