7 p.m., March 1)
Swedish clothing retailer H&M coming to Place d'Orléans
By Fred Sherwin
Target, and now H&M. The popular Swedish-based clothing
retailer recently announced plans to open a new store
in Place d'Orléans next fall, raising hope among
existing tennants that the move will result in an increase
to market analysts, the east end mall has been losing
market share to other malls on Ottawa such as the St,
Laurent Shopping Centre and even Bayshore, as well as
the commercial corridor along Innes Road.
arrival of Target has had a limited impact on traffic
since it opened last year and the arrival of H&M in
the fall of 2014 should build on that.
bigger question is whether Primeris, the company which
owns Place d'Orléans, will invest in a future expansion.
Bayshore (Ivanhoe Cambridge) and the Rideau Centre (Cadillac
Fairview) are already undergoing massive expansionsk while
plans are in the works to expand the St. Laurent Shopping
Cente, which is owned by Morguard, from 82,500 sq. m.
to 170,000 sq. m.
d'Orléans, with over 180 stores, is currently the
second largest shopping mall in Ottawa behind St. Laurent,
which has 195 stores. The Rideau Centre has 171 stores,
while Bayshore has 155 retail tennants.
numbers will soon change, however, with the completion
of Bayshore's 300,000 sq. ft. expansion later this year
and the Rideau Centre's major expansion project in 2015.
plans for the St. Laurent Shopping Centre would see the
construction of an additional 330,000 sq. ft. of retail
space to coincide with the opening of the Ottawa LRT system
story was made possible thanks to their generous support
of our local business
www.orleansonline.ca's main page